Some high-yield bond-fund managers start to look elsewhere

10/13/2011 | Wall Street Journal, The

Some fund managers have been riding a years-long rally in high-yield bonds, but they are concerned that the rally might be ending. Some managers are shifting elsewhere, such as convertible bonds, commercial mortgage-backed securities and corporate debt in emerging markets. "While there's tremendous amount of uncertainty, good opportunities are starting to present themselves," said Jim Keenan of BlackRock.

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Wall Street Journal, The

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