PT  - JOURNAL ARTICLE
AU  - Martin S. Fridson
ED  - Goyal, Gauri
TI  - Practical Applications of Marty Fridson: <em>Risks and Opportunities in High Yield</em>
AID  - 10.3905/cfa.2016.4.1.001
DP  - 2016 Jul 31
TA  - Practical Applications
PG  - 1--3
VI  - 4
IP  - 1
4099  - https://pm-research.com/content/4/1/1.1.short
4100  - https://pm-research.com/content/4/1/1.1.full
AB  - Marty Fridson: Risks and Opportunities in High Yield Martin S Fridson Overview High-yield bond guru Marty Fridson warns that investors shouldn’t fall back on the conventional thinking to shorten maturities when long-term interest rates begin a cyclical rise. In an interview with Institutional Investor Journals, Fridson offers an interesting analysis of two prior periods of rising bond yields where shortening maturities didn’t work. Counter-intuitively, high-yield investors will be better positioned in this cycle by considering lower-rated bonds and making selective industry picks, he advises. Fridson presented his views at the 69th CFA Institute Annual Conference .