Eigen keeps faith with high yield

JP Morgan Asset Management’s Bill Eigen has reiterated his high conviction in the unloved high yield market.

Eigen keeps faith with high yield

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He added that while outflows may continue in the short term, longer term the world is still faced with “a tremendous income shortage” which will eventually push investors back into higher yielding assets.

“This is not 2008 and the global financial system is not on the verge of collapse. The froth that existed in the system back then is simply not here to continue fueling selling pressure,” Eigen said. 

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