Article Analysis
Highlights:
1. Mitchell Garfin, co-head of U.S. leveraged finance at BlackRock, manages the BlackRock High Yield Fund which has consistently performed well, earning a gold rating from Morningstar.
2. BlackRock launched a high-yield exchange-traded fund, the iShares High Yield Active ETF, which is actively managed by Garfin and Delbos and offers a 6.54% yield.
3. Garfin believes that the Bs-rated bonds in the high-yield market are the “sweet spot” for credit investing due to their value and credit quality.
Summary:
The article discusses the high-yield bond market and the insights shared by Mitchell Garfin, co-head of U.S. leveraged finance at BlackRock. Garfin manages the successful BlackRock High Yield Fund and recently launched the iShares High Yield Active ETF. He believes that Bs-rated bonds offer the best value and credit quality in the current market. Garfin also shares his positive outlook on sectors like technology and insurance brokers, emphasizing their credit fundamentals and potential for growth.
Editorial content by Jordan Fields
