Amid uncertainty in the European sovereign debt crisis and doubt on the sustainability of global recovery, there is no obvious sign of risk appetite of international investors being affected accordingly. Even within the asset class of bonds, higher risk offerings generally outperformed other more defensive ones – the high yield group provides a case in point. The recent trailing 3-month return is showing that the USD High Yield Bond and GBP High Yield Bond categories are ranking among the top five performers.
This week we have FF – US High Yield Fund and PIMCO GIS High Yield Bond Fund for comparison.
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