Middle Market High Yield Investing
In his Citywire USA feature, Richard Lindquist discusses his views on middle market issuers and the High Yield Fixed Income team’s investment approach.
- Middle market high yield issuers may offer more yield and shorter duration than their larger peers.
- Although middle markets are not immune to liquidity concerns, they generally exhibit less price volatility than larger issuers.
- Many managers simply do not have the credit analyst staff to tackle the middle market. Those focusing on middle market credits have to be committed to fundamental research.