Aug 21, 2020
On today's edition of the NAVigator, Lawrence Holzenthaler, investment analyst at Symphony Nuveen, discusses high-yield investing in a low-rate environment, noting that equity markets are more optimistic than the broad corporate credit market and how average credit investors see risk very differently right now when compared to the typical equity investor. Holzenthaler adds that closed-end junk-bond and floating-rate funds now are a way to 'buy discounted assets at a discount,' which should make them attractive to bargain-conscious investors.