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MFS Investment Management keen to pick up talks with Nordic investors on high yield

Investors are showing a renewed appetite for high yield bonds after a five week sell-off spree. Historically, the rebound towards junk bonds makes sense according to the US-based asset manager, that believes they offer "a similar upside to equities but with less downside risk".

Owen Murfin, nstitutional fixed income portfolio manager, and Per Künow, managing director for Nordic institutional sales, from MFS Investments. | Photo: PR / MFS Investments

Mutual funds and exchange traded funds that invest in high yield bonds attracted a record high inflow from Wednesday 25/3 to Wednesday 2/4, according to the Financial Times. The EUR 6.5 billion capital flow into high-yield strategies ended a five-week spell of outflows.

The renewed interest for riskier credit makes perfect sense when comparing high yield funds' current risk return profiles relative to listed equities, says Owen Murfin, institutional fixed income portfolio manager at MFS Investment Management.

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