LEADER 03875nam 2200673 450 001 9910825305103321 005 20230808213244.0 010 $a1-119-13443-9 010 $a1-119-23695-9 010 $a9781119134428 035 $a(UkCvUL)(CKB)3710000000570102 035 $a(UkCvUL)(EBL)4391571 035 $a(UkCvUL)(SSID)ssj0001600644 035 $a(UkCvUL)(PQKBManifestationID)16308486 035 $a(UkCvUL)(PQKBTitleCode)TC0001600644 035 $a(UkCvUL)(PQKBWorkID)14846687 035 $a(UkCvUL)(PQKB)10339965 035 $a(UkCvUL)(PQKBManifestationID)16235052 035 $a(UkCvUL)(PQKBWorkID)14846801 035 $a(UkCvUL)(PQKB)21997508 035 $a(UkCvUL)(MiAaPQ)EBC4391571 035 $a(UkCvUL)(DLC) 2015047696 035 $a(UkCvUL)(Au-PeEL)EBL4391571 035 $a(UkCvUL)(CaPaEBR)ebr11172138 035 $a(UkCvUL)(CaONFJC)MIL888547 035 $a(UkCvUL)(OCoLC)931227000 035 $a(UkCvUL)993710000000570102 035 $a(EXLCZ)993710000000570102 100 $a20151203d2016 uy| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aHigh yield debt $ean insider's guide to the marketplace /$fRajay Bagaria 210 1$aHoboken :$cWiley,$d2016. 215 $a1 online resource 225 1 $aWiley Finance 300 $aIncludes index. 311 1 $a1-119-13441-2 320 $aIncludes bibliographical references and index. 330 $a"Examine the high yield market for a clear understanding of this evolving asset class High Yield Debt is the one-stop resource for wealth advisors seeking an in-depth understanding of this misunderstood asset class. The high yield market provides a diverse opportunity set, including fixed and floating rate debt, high and low quality debt issues and both short- and long-term duration; but many fail to understand that not all high yield exposure is the same, and that different market segments and strategies work best at different points in the economic cycle. This guide addresses the confusion surrounding high yield debt. You'll find the information you need to decide whether or not to buy in to a high yield fund, and how to evaluate the opportunities and risks without getting lost in the jargon. The U.S. corporate high yield market is worth $2.4 trillion--more than the stock markets of most developed countries. Market growth has increased the number of funds with high yield exposure, as well as the types of debt products available for investment. This book breaks it down into concrete terms, providing the answers advisors need to effectively evaluate the opportunities on offer. Understand the high yield asset class Learn the debt structures, performance and defaults Evaluate risk and investment opportunities Penetrate the jargon to make sense of high yield investment Over 300 publicly traded funds provide exposure to U.S. high yield, but despite it's size and ubiquity, understanding of the asset class as a whole remains somewhat of a rarity--even among participants. A lack of transparency is partially to blame, but the market's evolution over the past fifteen years is the larger issue. High Yield Debt explains the modern high yield market in real terms, providing a much-needed resource for the savvy investor"--$cProvided by publisher. 410 0$aWiley Finance 606 $aJunk bonds 606 $aCapital market 606 $aBusiness cycles 615 0$aJunk bonds. 615 0$aCapital market. 615 0$aBusiness cycles. 676 $a332.63/23 686 $aBUS004000$2bisacsh 700 $aBagaria$b Rajay$f1977-$01671171 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910825305103321 996 $aHigh yield debt$94033540 997 $aUNINA