Re-strategise: Investors need to revisit their asset allocation at a time when yields are compressed.
MANY years ago, when it comes to investment yields, one would refer a high-yield investment as a paper that is normally rated below investment grade or corporate bond papers that gave coupon payments with high single-digit or even in excess of 10%.
High-yield papers gave investors a pick-up in yield that was easily between 300bps and 400 bps higher than sovereign papers for the obvious reason and mainly due to higher default risk.
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