Fixed income that's competitive with equities?

With an estimated forward return outlook in US high yield to between 8-9%, the market will be more competitive relative to equities that seen over the last decade, says Neuberger Berman. The firm also sees stability in fundamental trends across non-IG credit, with most sectors and companies reporting solid earnings. Finally, ESG considerations and robust dialogue with management teams will continue to be a differentiating factor for how the firm manages high yield assets.