IR+M: Portfolio Managers Lyniese Patterson and Ginny Schiappa discuss the high-yield corporate bond market. Amid record low yields, this asset class has received more attention due to its potential to increase the yield of fixed income allocations. IR+M believes there are attractive opportunities for a bottom-up security selector, while respecting the differences between investment grade (IG) and high yield (HY) debt. In this Q+A, we touch on some of these distinctions, how the HY market has changed, and where they currently see value.
