Our investment professionals have an intimate understanding of the markets in which
the Funds invest. Here they share their view of the complex and growing economies
around the globe.
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Stephen Kotsen, Portfolio Manager of the High Yield Fund at Nomura Corporate Research and Asset Management Inc., discusses the current state of the high yield market.
Ratings are relative and subjective, are not absolute standards of quality and are measured on a scale that generally ranges from AAA (highest) to D (lowest).