Busting the myths around Global High Yield

Global High Yield (GHY) is a crucial part of most fixed income portfolios, offering diversity and returns. Despite this, an indexed approach to GHY gives some investors cause for concern – why? Firstly, there’s a misconception that this method only works in efficient markets. Market structures have changed, with electronic trading platforms improving liquidity. Portfolio trading has transformed how bonds are traded, offering tech-savvy investors the chance to seek out competitive prices. They benefit from market structure improvements via lower transaction costs and quick decision-making...