0753 GMT - Nordic high-yield corporate bonds impress with their high returns and low volatility, despite a challenging economic environment, says Lazard Asset Management's Daniel Herdt in a note. Investors in this market benefit from a yield premium of over 200 basis points over traditional high-yield markets, the portfolio manager and analyst says. "This higher return is primarily due to the fact that it is a specialized market with smaller issuers who have to pay an attractive premium for their financing," he says. The Nordic high-yield market remains an interesting portfolio component for investors due to relatively stable fundamental data, attractive returns and hardly any interest-rate sensitivity, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 02:53 ET (07:53 GMT)
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