European high-yield investors don't know from troubles there, ahead by 12% YTD with stocks in...

|By:, SA News Editor

European high-yield investors don't know from troubles there, ahead by 12% YTD with stocks in the tank, writes James Tomlins. He believes a world of microscopic rates, slow growth, and deleveraging has altered correlations, allowing high-yield to perform even as returns to shareholders lag.