The historical performance of this strategy can probably best be described as “slow and steady wins the race.” It seeks to identify and confirm trends in the high-yield bond market and invest accordingly. Client accounts may be fully or partially invested in a variety of long-only high-yield mutual funds, including traditional high-yield bond mutual funds, high-yield index mutual funds, multi-sector bond funds and even mutual funds investing in floating rate bank loans. When the prices of high-yield securities are trending downward, the strategy seeks the safety of cash or a money market fund. Read more >>
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