Economic TimesLean R·
Why junk bonds deliver equity-like returns but with far inferior volatility, explains Saurabh Mukherjea
High-yield bonds, often labelled “junk”, have historically delivered a large share of stock market returns with lower volatility. Saurabh Mukherjea explains how coupons, seniority in repayment and diversification can make them useful in portfolios.
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