High-Yield Investors Face a Bigger Risk than Volatility
by Fixed Income AllianceBernstein
In 2016, the bigger risk for high-income investors than ongoing volatility may be pulling out of the market prematurely. The US high-yield market has suffered 11 peak-to-trough losses greater than 5% in the last 25 years. On average, investors recovered their losses in about six months--and sometimes as few as two.
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.
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