High yield


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Related to High yield: High yield bonds

High yield

In the context of hedge funds, a style of management that focuses on low rated fixed income securities.

High-Yield Bond

A bond with a low rating. Bonds rated less than Baa3 by Moody's or BBB- by S&P or Fitch are considered high-yield bonds. They have higher yields because they have a higher risk of default on the part of the issuer. High-yield bonds are considered sufficiently high-risk that the law does not allow banks to invest in them. They are also called low-grade bonds, and, informally, junk bonds.
References in periodicals archive ?
Each fund is a diversified, closed-end management investment company and ISD was formerly known as PGIM Short Duration High Yield Fund Inc, while GHY was formerly known as PGIM Global Short Duration High Yield Fund Inc.
Less than $8 billion of high yield debt from new issuers has been added to the list since the end of last year.
Sometimes, high yield bonds adequately compensate an investor for the credit risk they're assuming and sometimes they don't.
High yield bond funds, by contrast, suffered substantial outflows during 2017 and in all but one month year-to-date.
Jeffrey Chang will join as Co-Head of US High Yield Credit Trading alongside James Nessel who joined the bank in August 2016.
Rowe Price Global High Yield strategy, with USD 29.4bn in assets as of 31 December 2016 and led by industry veteran Mark Vaselkiv, has been closed to new investors since 2012.
In conjunction with the ETF launch, Solactive AG introduced the Solactive USD High Yield Corporates Total Market Index, a market value weighted benchmark engineered to mirror the performance of High Yield corporate bonds issued in USD.
Balanced Value Private Trust is now assuming responsibility for the high yield fixed income components of these funds.
"At 5%, it's tough to call it high yield," says Elaine Stokes, co-portfolio manager of the Loomis Sayles Bond Fund.
Although EM high yield currently accounts for about 15 per cent of the global High Yield market size, it is still highly under-invested as only two - three per cent of portfolios are invested in EM high yield bonds.
Corporate High Yield index returned 9.19% annualized, versus 2.86% for the investment-grade Barclays U.S.
From April of 2009 to April of 2013, the two high yield markets grew as follows: