The case for short-duration high yield

Insurance chief investment officers (CIOs) will be familiar with
the trend that has seen more money allocated to high-yield assets
over the past few years.
The strategy has also evolved for many of these investors,
moving from simply allocating a small pot to invest in so-called
"fallen angels" - former investment grade assets that
have become high yield, but which have sound fundamentals and could
regain their previous designation - to allowing asset managers to
invest in high yield more...