5 min read 13 Mar 23
After years of ultra-low interest rates, we believe floating rate HY offers an attractive source of income and a strong cushion against any further period of market turbulence. Thanks to its lack of interest rate duration and senior-secured properties, floating rate HY as an asset class demonstrated its resilience in 2022. By providing yield with effectively no interest rate risk, floating rate HY will, we believe, continue to serve a useful role within a fixed income portfolio.
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.