Portfolio Manager John McClain, CFA, joins us to discuss recent developments in the high yield market and how volatility can provide opportunity for investors focused on security selection. After the difficulties of the previous month and the rough start to November, our high yield team believes that opportunities have been uncovered if investors focus on long term fundamentals.
- The high yield market has come a long way since its creation in the early 1970s, evolving from a tactical asset class to a significant component of investors’ asset allocation.
- Dispelling the myths around the asset class is key to understanding the opportunity and value provided by high yield corporate credit.
- Understanding the nuances of the high yield market can provide investors with exposure to the asset class while potentially avoiding some of the pitfalls of benchmark construction and ETFs.
John Loesch, Banking analyst, Co-Director of Research and Portfolio Manager joins us for an in-depth discussion about Bank OZK, a high-quality bank that has demonstrated an unmatched ability to grow intrinsic value at attractive rates and has done so with remarkable consistency. Businesses like Bank OZK don’t come along every day, and John discusses what excites us about these types of investments. Read more about Bank OZK in our August Industry Perspective.