Nicholas Leach, Patrick O’Toole, and Jeffrey Waldman, CIBC Asset Management
High-yield corporate bonds might be appealing in low-rate environments, but there’s high margin for error, say experts from CIBC Asset Management.
Nicholas Leach and Patrick O’Toole, CIBC Asset Management
George Dent, Walter Scott & Partners Limited
Jeffrey Waldman and Patrick O’Toole, CIBC Asset Management
Investors should approach corporate bonds simply as lower-beta versions of stocks, says Jeff Waldman, first vice president of global fixed income at CIBC Asset Management.
Patrick O’Toole, vice-president of global fixed income at CIBC Asset Management, adds these securities are riskier than government bonds, since companies are subject to economic forces.