Finance
Bond Funds Drift Into Risky Debt, Adding to Angst Over Liquidity
- Investment-grade funds reach for yield with lower-grade bonds
- Returns are better. But what about the risks involved?
At Natixis SA-backed H20 Asset Management in London, concern over investments in unrated bonds helped spur billions of dollars’ worth of withdrawals in a matter of days.
Photographer: Martin Barzilai/BloombergThis article is for subscribers only.
What’s really inside bond funds these days?
The answer, for many of them, is more risk than there used to be.