Podcast: How the high-yield bond market is changing
In conversation with FT Asset Allocator, David Ennett explains what high-yield bonds bring to a portfolio, why their low exposure to changes in rates make them a useful diversifier and why a dramatic improvement in credit quality over the past 15 years means that perceptions of the high-yield market are often out of step with reality.
David Ennett joins FT Asset Allocator to discuss how the make-up of the high-yield market has changed in recent years and why its relatively low sensitivity to changes in interest rates make it an attractive option today.
(26 minutes)
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