High-yield bond rally has been driven by better performance in CCC bonds and the energy sector.
This deep and experienced team's deft navigation of recent energy-sector troubles has boosted our confidence here.
Security selection is key to Artisan High Income Fund's process.
If rates rise, bank loans might offer investors some downside protection, says Morningstar's Sumit Desai, but beware of credit risk.
PIMCO Investment Grade Corporate Bond, led by Mark Kiesel, is unlikely to continue its strong performance run seen so far this year, but it remains a solid long-term option.
The bank-loan Morningstar Category has experienced volatile trends in flows over the past few years.
Instability in the management team and an overly voracious risk appetite result in a Negative Analyst Rating for this high-yield fund.
Silver-rated Vanguard High-Yield Corporate has a knowledgeable management team, sound long-term track record, and highly attractive price tag.
BlackRock's Rick Rieder says the Fed will still try to raise rates, and investors should diversify their fixed-income exposure and be thoughtful about where interest-rate risk is held.
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.
China, commodities, and Fed uncertainty have driven a topsy-turvy bond market this year, says Mark Kiesel.
John Hancock Strategic Income Opportunities Fund's strategy has a lot of moving parts, but the experienced team has executed it well through various markets, says Morningstar's Sumit Desai.
High-yield bonds have shown signs of stabilization, but investors should proceed with caution.
Manager stability, adept maneuvering within the bond market, and a fee cut have netted BlackRock Total Return an Analyst Rating of Silver.
A tough year for many bond managers, but a couple of winners stand out.
Management's strong background in credit analysis has enabled Silver-rated Western Asset Core Bond and Core Plus Bond to achieve impressive long-term results.
His departure is a setback for the firm's fundamental fixed-income team, so funds under his management are now Under Review.
They still have a place in portfolios, but investors need to be aware of some technical factors.
When venturing into these beaten-down bond sectors, investors should target names with fundamentally strong balance sheets, says PIMCO's Mark Kiesel.
Thanks to strong growth in the sector, housing debt looks to be among the more attractive enclaves in today's bond market, says PIMCO's Mark Kiesel.
The PIMCO manager says active management can capitalize on trends such underpriced inflation protection, housing upside, and more in today's market.
PIMCO’s Mark Kiesel thinks a near-term recession is unlikely and that other factors like slowing corporate issuance should lead to strong returns in the credit market in the next year.
Given fundamentals and valuations, fixed-income investors should be tilting toward developed-markets credits, says Western Asset Management's Michael Buchanan.
Three options for a measured approach to junk bonds.
Although Silver-rated PIMCO Income has grown significantly, it's still a solid complement to income-seekers' core bond portfolios.
BlackRock's Jim Keenan discusses where we are in the credit cycle, bond-market liquidity, and why he likes bank loans.
Cast out of the investment-grade market, these securities offer unique appreciation potential and exposure to the high-quality end of the junk-bond spectrum, says Van Eck's Francis Rodilosso.
The bond manager shares his take on when the Fed will raise rates, inflation, divergent central bank policies around the globe, and the importance of diversification within a bond portfolio.
Liquidity is not as robust as it used to be, but the asset management industry has continued to grow, creating new issues for fixed-income investors, says Janus fixed-income CIO Gibson Smith.
Positioning within the high-yield energy sector will differentiate managers in 2015.
Positioning within the energy sector will play a major role in how these funds will perform in 2015.
There are big opportunities in high-yield energy names if you identify the survivors amid the oil-price plunge, says Carl Eichstaedt, a 2014 Fixed-Income Manager of the Year.
Even as oil prices decline, default rates should remain low for most of the high-yield market, says Tom O'Reilly of Silver-rated Neuberger Berman High Income Bond Fund.
Bill Gross' departure and the subsequent outflows have not changed the management process of PIMCO Total Return, says PIMCO's Mark Kiesel.
Should investors flock to Janus now that Bill Gross has joined the firm?
We're limiting exposure to the front end of the interest rate curve in the U.S. and U.K., and shifting money to emerging-markets debt ahead of monetary easing in those regions, says BlackRock fixed-income CIO Rick Rieder.
Despite muted expectations for the high-yield space, Morningstar analyst Sumit Desai identifies two solid funds for investors seeking exposure.
The bank-loan market has supportive conditions for at least the next year, but near-term fundamental strength might not hold up against long-term outflows, says Western Asset's Michael Buchanan.
Investors in bank-loan funds shouldn't have to worry about a drop in prices as the loans are almost always paid back at par value and spreads are at median historical levels, says Eaton Vance's Scott Page.
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