How avalanche safety training applies to high-yield debt investing скачать в хорошем качестве

How avalanche safety training applies to high-yield debt investing

#CapGroupGlobal High-yield bonds are showing strong income potential. Bond manager David Daigle discusses how these bonds have evolved from the 1980s' debt-fueled buyouts depicted in the movie Wall Street. In a conversation with Mike Gitlin, he compares high-yield debt investing to avalanche safety training and shares which investors may benefit from exposure to high-yield bonds. David also relays how investing in companies that ended in bankruptcy shapes his view on risk. If you’re interested in income-seeking investment ideas for your portfolio, this episode is for you. Listen on Apple: https://podcasts.apple.com/us/podcast... Listen on Spotify: https://open.spotify.com/show/5JOXwp1... 00:00 Introduction 01:09 Tell us about joining the firm in 1994 and getting married within 30 days 02:23 How did the high-yield market evolve from fallen angels to broadly diversified? 03:38 How quickly did the evolution happen? 04:51 Risk-adjusted returns relative to broad capital market assumptions? 06:21 As a credit expert, how do you think of risk returns for triple C-rated bonds? 08:30 How do you work with analysts on triple C securities? 09:55 Office treasure hunt 12:02 Talk to us about the default rate in high yields 12:47 Share your health care bankruptcy experience that sticks with you today 15:14 How do you think of the role of high yield in a balanced portfolio? 16:43 What do you think about trying to time your position in a high-yield strategy? 18:19 Talk about The Capital Systemᵀᴹ as it relates to high yield 21:02 What is your investment edge? 23:10 What mentors had an impact on your career? 24:52 Tell us about the military organization you support 26:41 Obsessively grateful moment This content is intended to highlight issues and be of a general nature. It should not be considered advice, an endorsement or a recommendation. Products mentioned are not an offer of the product and may not be available for sale or purchase in all countries. All investments have risk, and you may lose money. Past results are not a guarantee of future results. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This content is published by Capital Client Group, Inc., and copyrighted to Capital Group and affiliates, 2025, all rights reserved. For more information, including our detailed disclosures, visit www.capitalgroup.com/global-disclosures.