Aberdeen's Kence on A.I.'s impact in the high-yield market

Podcast: The NAVigator · Active Investment Company Alliance

Opublikowano: 2026-09-25

Matt Kence, Portfolio Manager at Aberdeen Investments, discusses the current state of the high-yield market and how it is responding to rising interest rates, noting that fundamentals remain surprisingly robust, with moderate levels of leverage and strong interest coverage. Kence, who manages the Aberdeen Credit Income Strategies fund (ticker ACP) says that defaults in the high-yield space have been well below long-term averages, but he does note that the selection of individual credits is critical right now, with the market seeing strong new issuance. Kence discusses the impact that artificial intelligence is making on the market — while noting that A.I...