High yield asset class

Nonetheless, a lot of high-yield investing is done by funds dedicated to the asset class. Drivers of market performance also differ. For these reasons, we have chosen to discuss the high-yield asset class separately from high grade. 

The third phase of the European high-yield market s evolution appears to be following the US market s model, with an increased focus on higher qnality issuers, more investor-friendly debt structures, and expansion of the asset classes accessed by institutional investors. 

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