credit crisis

credit crisis

Why High Yield Is Offering the Best Entry Point Since the Credit Crisis

2w ago
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The high yield market is being challenged again this year after rough sledding in 2015. Michael Kirkpatrick, portfolio manager for the RidgeWorth Seix High Yield Fund (SAMHX), said the selloff in early 2016 is providing the best entry point since the financial crisis. 'We are seeing some great opportunities which is great for a bottom up credit manager,' said Kirkpatrick. The RidgeWorth Seix High Yield Fund has dropped 3% so far in 2016, according to fund-tracker Morningstar. The $536 million fund sports a 6.1% trailing twelve month yield. While the problems in the oil patch are the cause of the troubles in high yield, Kirkpatrick said the shakeout among the shale players is creating bargains both in and out of the sector. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet