August 19, 2015, 10:26 A.M. ET
By Amey Stone
CMG Capital Management Group CEO Steve Blumenthal talks to Barron’s “Income Investing” columnist Amey Stone about high yield bonds. Excerpt below from the Barron’s story Pain in High Yield Worsens:
“Steve Blumenthal, CEO of CMG Capital Management Group, runs a tactical strategy that moves in and out of high yield based mainly on price momentum. He has largely been out of high yield since July. He thinks that demand for junk bonds could increase now that yields are above 7%. He will get back in when the index starts to move higher.”
“You have to be very nimble with high yield exposure today,” Blumenthal told Barron’s.