EP 25: Bryan Krug, CFA – Artisan Partners. Where is the credit risk?

Deconstructing Alpha

Did you know that there are three types of non-investment grade (credit) bonds in the marketplace today? When investors think about credit bonds, they are usually referring to just high-yield bonds. Post the Great Financial Crisis (GFC) though, the non-investment grade bond market has changed and is no longer dominated by just high-yield bonds. Investors today also have the opportunity to invest in floating rate notes/leveraged loans, as well as private credit.

With credit bonds currently yielding upwards of 8% or more yield, many investors are wondering where is the risk? Is the risk in high yield bonds, floating rate notes, or private debt?
Today’s guest in Bryan Krug, CFA, portfolio manager of the Artisan High Income Strategy, the Artisan Credit Opportunities Strategy, and the Artisan Floating Rate Strategy.
Tune in to this in-depth interview with Bryan Krug of Artisan Funds, who proves once again, that delivering alpha requires deep knowledge, an understanding of nuances, and that execution matters.
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