By Hicbd
Tue Oct 10 2023 11:40 am
"Investors can expect equity-like returns from the corporate bond market for much less risk than stocks for the foreseeable future as interest rates in the U.S. stay elevated, said veteran investor Howard Marks, co-founder and co-chair of Oaktree Capital Management...In fact, today you can get equity-type returns from credit, while the S&P averaged 10% a year for the last 100 years. You can get high single digits or low double digits from a diversified, well-selected credit portfolio, and that’s the big change."
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