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The global economy in pictures January 2017
A bond with a credit rating below investment grade. Due to their perceived higher risk of default, these bonds tend to offer a high rate of interest compared to
investment grade and government bonds.Important Information: The views and opinions contained herein are those of Schroders’ Economics team, and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds. This document is intended to be for information purposes only and it is not intended as promotional
material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide,and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy.
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