The overheating asset class?

This year has seen record inflows into the high yield asset class, with $1.47bn invested in the asset class globally during the first week in April alone, reportedly the biggest weekly inflow ever recorded. This has led some to question whether high yield is in danger of overheating, or whether it could now be considered as a more conventional and established asset class. High yield’s recent ascent should not be too much of a surprise given the majority of the asset classes, including the so-called “safe havens”, have failed to avoid the impact of the economic events which began in 20...