Fixed income 5 points podcast – June 2025

There is sometimes a view that the global high yield market acts as the homogenous low quality bottom end of the credit market that is one step away from equities, but what is the reality of the makeup of the global high yield market today?

What are some of the often overlooked features that investors may want to consider? Is there also the possibility that investors may be giving up opportunities by focusing on this particular area of the market?

Stephen Tapley, Senior Fund Manager, discusses these points and more with Ewan McAlpine, Investment Director, as they explore some of the key themes impacting fixed income and global high yield markets.

Recorded: 18 June 2025
Duration: 13 mins

The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.