Euro High Yield Bond Market Hit by Emerging Market Volatility

Though only a few issuers in the Euro high yield space are directly exposed to emerging markets, the asset class was broadly sold off as investors retreated to safer-haven assets

Mara Dobrescu 18 November, 2015 | 8:32AM

During the first nine months of 2015, the Eurozone high yield market suffered from an increase in risk aversion owing to concerns about the Chinese economic slowdown and declining commodity prices. The Morningstar EUR High Yield Bond category is thus down -0.17% year-to-date in euro terms.

Fund managers have taken advantage of the market turmoil to add to their top convictions at attractive prices

Though only a few issuers in the Euro high yield space operate in the commodity space or are directly exposed to emerging markets, the asset class was broadly sold off as investors retreated to safer-haven assets.

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About Author

Mara Dobrescu

Mara Dobrescu  is a fund analyst at Morningstar France.

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