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The High Yield Advantage


Michael Kirkpatrick - 400x400

Michael Kirkpatrick
Managing Director and Senior Portfolio Manager
Seix Investment Advisors LLC

Moderated by:

Joe Terranova

Joe Terranova
Chief Market Strategist
Virtus Investment Partners

Mike Kirkpatrick joined Virtus Chief Market Strategist Joe Terranova for an insightful discussion about active management in the high yield market.

Highlights include:

  • A review of the fundamentals, valuations, and technicals impacting the space
  • A discussion about the expected acceleration of defaults and why active managers may be able to more adroitly navigate the risks
  • An explanation of “fallen angels,” and why Seix considers them an important investment opportunity

Watch the video

Seix Investment Advisors’ industry trends and observations are the result of research conducted by the portfolio management/research team. These observations reflect their industry expertise and have been prepared using sources of information generally believed to be reliable; however, their accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice. 

IMPORTANT RISK CONSIDERATIONS: Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities. High Yield-High Risk Fixed Income Securities: There is a greater level of credit risk and price volatility involved with high yield securities than investment grade securities. Foreign Investing: Investing internationally involves additional risks such as currency, political, accounting, economic, and market risk. Market Volatility: Local, regional, or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the portfolio and its investments, including hampering the ability of the portfolio manager(s) to invest the portfolio’s assets as intended.