- Latest new issue pricing highlights the difference in valuations between Euro and US high yield markets
- Several European issuers are trading at near-distressed levels having failed to achieve elevated expectations of company performance
- Idiosyncratic risk is rising across all sectors of the market, emphasising the importance of selectivity
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The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.