Sentences with phrase «high yield debt»

It may invest without limit in high yield debt securities, but currently the advisor intends to limit such investments to 35 % of its assets.
Lower - rated or high yield debt securities involve greater credit risk, including the possibility of default or bankruptcy.
Money is now flowing out of high yield debt which has been priced as if defaults will remain very low.
But for the most part, for most high yield debt, almost all investment grade debt, and vanilla structured securities, the market is functioning.
Up to 25 % of the portfolio may be invested in high yield debt.
The reasoning behind this statement is this: Other than fallen angels, the issuers of high yield debt are companies whose access to capital can be limited.
Lower - rated or high yield debt securities («junk bonds») involve greater credit risk, including the possibility of default or bankruptcy.
We prefer tax - exempt municipal bonds, as well as U.S. high yield debt.
Fundamental research offers a guide to the risk that low oil prices pose to energy companies with high yield debt.
A traditional multi-asset portfolio investing in a selection Growth (typically shares and property securities), Diversifying (typically higher yielding debt and alternatives) and Defensive (typically investment grade debt securities and cash) assets.
The sell off in the market for high yield debt, or junk bonds, is now hitting a type of structured bond that is similar to the the type that blew up in the financial crisis.
«Perversely, we've spent the last 20 years paying a premium for [the stocks of companies with] high yield debt,» she said.
Prior to joining Cerberus, Mr. McLeod managed the leveraged finance origination and execution activities at CIBC World Markets from 1998 to 2006, where he originated, structured and executed transactions involving high yield debt securities, leveraged loans, privately placed mezzanine securities and merchant banking investments.
As you can see from this graph the divergence between high yield debt and the S&P 500 has never been greater.
We have previously discussed the absurd chart showing European high yield debt to have a lower interest rate than 10 - year U.S. Treasuries.
Edelman says that many investors have piled into long - term bonds and high yield debt because they come with higher yields.
The chart below shows the volume of proceeds and number of new issues of global high yield debt in recent quarters (source: Thomson Reuters).
High yield debt issuance has also continued to reach record levels, though we expect there will not be a rush to issue once the Fed moves on rates.
When interest rates rise, Chubb will be able to invest new premiums into higher yielding debt securities.
Unlike high yield debt, senior loans as measured by the S&P / LSTA U.S. Leveraged Loan 100 Index sat the sidelines for the month of February.
It is also then easier to refinance debts, or buy high yielding debt, and clip a spread, hoping things don't blow up again.»
Gill joined Fidelity in 2000 as an assistant trader on the high income desk covering emerging markets and U.S. high yield debt instruments.
Freshfields joint head of capital markets Sarah Murphy said: «Gil's expertise in acquisition financing, high yield debt offerings and bridge financing will be a valuable addition to our high yield, US and capital markets practices and we are very excited about the opportunities that will come from the combined experience of Gil and our existing teams.»
Presenter, «Issues in the Enforcement of Foreclosure Rights,» 2013 CREFC High Yield Debt Forum Distressed Debt Summit (2013)
We act on behalf of investment banks and financial institutions in equity and debt offerings, including high yield debt, and advise financial services companies in multibillion dollar outsourcing transactions.
We prefer tax - exempt municipal bonds, as well as U.S. high yield debt.
The Fund seeks to generate long - term total return and current income by investing primarily in high yielding debt and investment grade fixed income securities of issuers located anywhere in the world.
The Fund ranges across three broad asset groups, being Growth (typically shares and property securities), Diversifying (typically higher yielding debt and some alternatives) and Defensive assets (typically investment grade debt securities and cash), providing the flexibility required to allocate effectively and efficiently to those assets that in combination are most closely aligned with the delivery of the objective.
Wayne is ranked as a leading practitioner for debt and equity capital markets in The Legal 500 and for high yield debt with Chambers UK.
While bond funds that own a wide variety of high yield debt will include some Fallen Angel bonds, the Market Vectors Fallen Angel HY Bond ETF (NYSEArca: ANGL) is the only fund that tracks these former investment grade bonds exclusively.
Mackenzie Floating Rate Income ETF (TSX: MFT) seeks to generate current income by investing primarily in floating rate debt instruments and / or high yield debt securities of issuers located anywhere in the world.
The financial turmoil of the past month has brought the high yield debt market to a screeching halt.
These include emerging market bonds, high yield debt, corporate bonds and mortgage bonds.
One may wonder, then, why EM debt in USD hasn't performed similar to U.S. high yield debt, which is negative for the year.
Just look at the oil and gas small cap sector with $ 200 billion in high yield debt to see where the metals may be headed.
Global ratings agency Moody's has blamed risky projects and volatile market conditions for the failure of two Australian mining companies soon after they entered the high yield debt market.
The fear is that outflows from high yield could continue, putting it under pressure, and some have even speculated that high yield debt may be the next «Big Short.»
For example, growth risk figures prominently in public and private equities, high yield debt, some hedge funds and real estate.
More and more yield - searching investors are considering nontraditional income asset classes, but keep in mind that higher income could mean higher volatility, with the most recent example being high yield debt.
A darling asset class of this bull market has been U.S. high yield debt, as many searching for income in a low - rate world have turned to these higher - yielding bonds.
The index will rank U.S. Treasuries, U.S. investment grade corporate bonds, U.S. investment grade mortgage backed securities, U.S. high yield debt and U.S. dollar denominated debt of emerging market issuer according to their momentum / trend scores.
It's got some equity, some bonds, some high yield debt, and even some preferred shares.
More of the loans will go to those that are buying «cheap» high yield debt, until the yields make no sense versus the bad default climate for companies that have issued high yield debt.
As interest rates tends to rise in anticipation of stronger economic growth, assets which are more sensitive to economic growth (such as high yield debt) can still perform well.
a b c d e f g h i j k l m n o p q r s t u v w x y z