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Uncovering opportunities in high yield
David Daigle
Fixed Income Portfolio Manager
David Bradin
Fixed Income Investment Director

 


The U.S. high yield market is a broad and diverse opportunity set that can hold a strategic place in a fixed income portfolio. However, the complexities inherent in high yield demand a disciplined, consistent approach to uncovering value while also managing risk. Capital Group’s dedicated high yield investment team leverages the breadth of our fixed income team’s knowledge, along with their own extensive experience, to build a strategy that can generate value over the long term.

Key takeaways:

  • High yield has become a strategic exposure for investors seeking a broad opportunity set, attractive long-term returns, significant income and meaningful diversification benefits. 

  • Fundamental research is key to finding opportunities in a market that is diverse, complex and fragmented.

  • Bringing together managers with differing, but complementary, backgrounds can help create an attractive pattern of returns over a full cycle.

  • Combining high-conviction investing with a robust risk framework is essential when pursuing strong results in this asset class.

 


David Daigle is a fixed income portfolio manager with 29 years of investment industry experience (as of 12/31/2023). He serves as the principal investment officer of American High-Income Trust®. He holds an MBA from the University of Chicago and a bachelor’s degree in business administration from the University of Vermont.

David Bradin is a fixed income investment director. He has 18 years of industry experience (as of 12/31/2023). He holds an MBA from Wake Forest University and a bachelor's degree in mediated communications from North Carolina State University.

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