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Where is the Value: U.S. or European High Yield?

I recently spoke with Marty Fridson, CFA, CIO of Lehmann Livian Fridson Advisors, and discussed his thoughts about the current differences between the U.S. and European high yield markets. In the interview we discussed the following:

  • Relative value between U.S. and European High Yield
  • Sectors with the best investment opportunities
  • Covenant quality trends
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