Best borrowers: High regard for high yield

Louise Bowman
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High-yield corporate issuers have faced some challenges over the past 12 months but their popularity has not been in doubt. A recent market investor survey published by Fitch Ratings found that high yield is now the most favoured sector among European fixed-income investors, overtaking even non-financial corporates. According to JPMorgan, there has been a provisional inflow of €1.76 billion (6.9% of assets under management) to high-yield funds in Europe for the year to April.