High yield bonds: a safe risk?

High yield or 'junk' bonds are usually treated with caution because of their risky and potentially costly nature. But Garland Hansmann, head of high yield at ICG, says that for those who can hold through the credit cycle, such bonds can outperform equities. He tells Anousha Sakoui, capital markets reporter, why high yield bonds can be a worthy long-term strategic asset class.