Important Information

THIS WEBSITE IS INTENDED FOR INSTITUTIONAL INVESTORS who are U.S. residents ONLY; not intended for access or distribution to retail investors.

 

In order to access the Capital Group U.S. Institutional website (the “Site”), please read the following information and affirm by clicking the accept button that you have read and understand the information provided.

 

You must attest that you meet the qualifications of an institutional investor as described herein and accept these Terms and Conditions in order to access the Site. Some content may require additional registration for access.

 

The Site is solely intended for U.S. residents who are institutional investors or are acting on behalf of an institutional investor who has agreed to these Terms and Conditions. Institutional investors include, but are not limited to any person acting on behalf of/any pension fund, financial intermediary, consultant, endowment and foundation, bank, savings and loan association, insurance company, investment company registered under the Investment Company Act of 1940, investment adviser registered with the U.S. Securities and Exchange Commission or under applicable state law, government entity, entity with total assets of at least $50 million, employee benefit or qualified retirement plan with at least 100 participants, defined contribution/benefit plan, and qualified client or purchaser as defined by the U.S. Securities and Exchange Commission. By agreeing to these Terms and Conditions you are affirming your understanding that the Site is not intended for retail investors, individual plan participants or others who may not possess the financial sophistication to independently understand the content nor should it be redistributed to such persons.

 

You understand that the Site does not constitute advice of any nature, including fiduciary investment advice by Capital Group or its associates.

 

The reference to “Capital Group” used herein includes The Capital Group Companies, Inc., and its affiliates.
info
On Christmas Day, the New York Stock Exchange and Capital Group’s U.S. offices will be closed.

In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Tuesday, December 24 and will be closed on Wednesday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)

Categories
Uncovering opportunities in high yield
David Daigle
Fixed Income Portfolio Manager
David Bradin
Fixed Income Investment Director

 


The U.S. high yield market is a broad and diverse opportunity set that can hold a strategic place in a fixed income portfolio. However, the complexities inherent in high yield demand a disciplined, consistent approach to uncovering value while also managing risk. Capital Group’s dedicated high yield investment team leverages the breadth of our fixed income team’s knowledge, along with their own extensive experience, to build a strategy that can generate value over the long term.

Key takeaways:

  • High yield has become a strategic exposure for investors seeking a broad opportunity set, attractive long-term returns, significant income and meaningful diversification benefits. 

  • Fundamental research is key to finding opportunities in a market that is diverse, complex and fragmented.

  • Bringing together managers with differing, but complementary, backgrounds can help create an attractive pattern of returns over a full cycle.

  • Combining high-conviction investing with a robust risk framework is essential when pursuing strong results in this asset class.

 


David Daigle is a fixed income portfolio manager with 29 years of investment industry experience (as of 12/31/2023). He serves as the principal investment officer of American High-Income Trust®. He holds an MBA from the University of Chicago and a bachelor’s degree in business administration from the University of Vermont.

David Bradin is a fixed income investment director. He has 18 years of industry experience (as of 12/31/2023). He holds an MBA from Wake Forest University and a bachelor's degree in mediated communications from North Carolina State University.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.