High-yield bonds: Expect dispersion
Last year was a difficult one for high-yield bond investors, particularly in the US, driven by a collapse in metals and mining on top of the decline in oil prices
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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