Against a backdrop of steadily narrowing credit spreads, there are concerns from some fixed income investors about making an allocation to high yield in the current elevated interest rate environment.  We explore the current fundamentals of the high yield market as well as assess the likely outlook from here.

Workshop Objective: Investors will learn the potential strategies they can adopt to avoid issuers with a higher likelihood of default and steer their portfolio towards issuers with a lower likelihood of default, and BNY Investments’ active investment approach.    

Company Profile: BNY is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For 240 years we have partnered alongside our clients, putting our expertise and platforms to work to help them achieve their ambitions. Today we help over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. We support governments in funding local projects and work with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of March 31, 2024, we oversee $48.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). We are headquartered in New York City, employ over 50,000 people globally and have been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators.

BNY Investments is one of the world’s largest asset managers, managing $2 trillion* across a range of traditional and alternative assets through seven specialist investment firms — ARX, Dreyfus, Insight, Mellon, Newton, Siguler Guff and Walter Scott. For more information, go to www.bnymellonim.com.

*As at 31 March 2024.