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High Yield: The Comeback Kid

byAdvisorAnalyst
March 3, 2016
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High Yield: The Comeback Kid

by Gershon Distenfeld, Director, High Yield, AllianceBernstein

How swift will this recovery be? The US high-yield market has suffered nine peak-to-trough losses greater than 5% in the last 17 years. On average, investors recovered their losses in only four monthsā€”and sometimes as few as two. Following the longest and largest drawdown, which lasted 19 months and reached ā€“35%, investors who stayed in the high-yield market earned back 55% in just eight months.

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.

Copyright Ā© AllianceBernstein

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