Fixed income
7 min read 20 Dec 21
Despite the doomsayers, we think the global economic recovery remains on track; in our view, underlying corporate fundamentals remain solid for many high yield (HY) bond issuers, backed up by record low levels of defaults.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.