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High-Yield Has Its Place, But Takes a Long-Term Commitment

Though it has its hurdles, the high-yield bond market can be an effective asset allocation tool in the right dose for long-term investors, says T. Rowe Price's Mark Vaselkiv.


Sumit Desai: Hi, I'm Sumit Desai, senior analyst with Morningstar's fixed-income management research team. Joining me today is Mark Vaselkiv. Mark is the lead portfolio manager for the T. Rowe Price High Yield Fund, which is a Gold-rated fund under our coverage universe.

Mark, thank you for joining me today.

Sumit Desai, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.