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  • High Yield Fixed Income

    High Yield bonds are defined as corporate bonds rated below 'BBB−' or 'Baa3' by established credit rating agencies. High yield corporate bonds typically offer higher yields with less duration than most fixed income alternatives. We view this relatively high “income premium” and lower price sensitivity to rising interest rates as potentially attractive attributes of high yield corporate bonds.

    It is important to note that relatively high yields reflect the relatively higher risk of high yield corporate bonds.

    First State Investments’ High Yield team aims to achieve superior risk-adjusted returns with lower volatility than the high yield market.

    The team uses a collaborative, disciplined investment process with the core focus on risk control.