Global High Yield: Income Without Compromise. Opportunity Without Borders.
Key Highlights
- Yield-focused investors face trade-offs across asset classes: volatility (equities), illiquidity (private credit), or low returns (investment grade).
- Global high yield delivers robust income, daily liquidity, and broad diversification across regions, sectors, and economic cycles.
- Value in global high yield depends on prudent credit selection, dynamic allocation, and proactive risk management.
- In a market defined by choices and concessions, global high yield presents a compelling path forward for yield-focused investors.
In a world where generating meaningful income is growing increasingly complex, investors are faced with a puzzle: how to balance yield, risk, and flexibility without sacrificing one for the other.
For yield-seeking investors, the menu of options is varied but often unsatisfying. Equities may provide growth and dividends, but with greater volatility and unpredictable income. Private credit can offer higher yields, yet comes with significant illiquidity and limited transparency. Investment grade bonds are reliable, but current yields remain modest.
Yet amidst these choices, one often-overlooked opportunity stands out: global high yield bonds. This $3 trillion market spans the U.S., Europe, and emerging markets, pairing robust income potential with daily liquidity and a diversified, dynamic set of issuers. Today’s global high yield market empowers investors with the flexibility and diversification they need, without unnecessary compromises.
Important Disclosures
This information has been prepared by Polen Capital without taking into account individual objectives, financial situations or needs. As such, it is for informational purposes only and is not to be relied on as, legal, tax, business, investment, accounting, or any other advice. Recipients should seek their own independent financial advice. Investing involves inherent risks, and any particular investment is not suitable for all investors; there is always a risk of losing part or all of your invested capital.
No statement herein should be interpreted as an offer to sell or the solicitation of an offer to buy any security (including, but not limited to, any investment vehicle or separate account managed by Polen Capital). This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.
Unless otherwise stated, any statements and/or information contained herein is as of the date represented above, and the receipt of this information at any time thereafter will not create any implication that the information and/or statements are made as of any subsequent date. Certain information contained herein is derived from third parties beyond Polen Capital’s control or verification and involves significant elements of subjective judgment and analysis. While efforts have been made to ensure the quality and reliability of the information herein, there may be limitations, inaccuracies, or new developments that could impact the accuracy of such information. Therefore, the information contained herein is not guaranteed to be accurate or timely and does not claim to be complete. Polen Capital reserves the right to supplement or amend this content at any time but has no obligation to provide the recipient with any supplemental, amended, replacement or additional information.
Any statements made by Polen Capital regarding future events or expectations are forward-looking statements and are based on current assumptions and expectations. Such statements involve inherent risks and uncertainties and are not a reliable indicator of future performance. Actual results may differ materially from those expressed or implied.
There is no assurance that any securities discussed herein are currently held in a Polen Capital portfolio nor that they are representative of the entire portfolio in which they are or were held. It should not be assumed that any transactions related to the securities discussed herein were (or will prove to be) profitable or that any future transactions will equal the investment performance of the securities discussed herein.
References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Past performance is not indicative of future results.
This information may not be redistributed and/or reproduced without the prior written permission of Polen Capital.