High Yield Selloff an Opportunity, Cheap Jet Fuel Trumps Ebola

The volatility in the high yield market is creating a buying opportunity and fear over the Ebola virus is overstated in airline and travel issues, said Patrick Maldari, Senior Investment Manager at Aberdeen. Maldari added that he has selectively been adding to his positions as a result of the selloff in the high yield arena. He said that he is monitoring airline bonds which are taking a hit due to Ebola worries, saying the drop in oil prices far outweighs the risk. Furthermore, Maldari said the selloff in energy bonds is overdone although he is not adding to his positions.