FidelityConnects

High yield and leveraged loans: Opportunities and outlook - Scott Mensi

September 2, 2020

Institutional portfolio manager Scott Mensi breaks down the opportunities in high-yield markets following the global pandemic and suggests where investors could benefit from ongoing volatility. Scott discusses his two-year approach to investing in high-yield loans, with a focus on companies with strong liquidity profiles. Scott has been looking at a variety of industries, and in particular, gaming and telecom companies that have done very well due to COVID-19. Based on demographic trends and current rates, Scott does not expect the loan or high-yield market to shrink any time soon. We no longer have third- and fourth-tier players issuing loans in high-yield bonds, and we have much bigger companies using these markets for financing purposes.

Recorded on August 26, 2020.