High yield: What's all the fuss about?

"When looking forward, it’s always important to look back first.

Heading into 2024, we were keen to note that we expected a continuation of trends seen at the time: maturity wall concerns being overplayed; companies holding high liquidity; private debt markets eating the bottom cohort of public markets; and public markets remaining open, with solid issuance levels.

While we don’t want to pat ourselves on the back too much, the year did play out quite close to the above scenario. And, going forward, we see much of the same."

Read the High Yield chapter from our Outlook 2025:

High yield: What's all the fuss about? by Azhar Hussain

Download the full Outlook 2025:

Royal London Asset Managment Outlook 2025

This is a financial promotion and is not investment advice. Past performance is not a guide to future performance. The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. Portfolio characteristics and holdings are subject to change without notice. The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.