For investors needing income, corporate bonds have been one of the best places to be, and the high-yield bond sector is still paying attractive yields, although investment-grade bonds now yield little more than gilts as share prices have recovered.

Investing in the high-yield bond market is a fairly risky business, but with risk sometimes can come reward. The managers at the American Funds American High-Income Trust specialize in finding value in high-yield, low-grade bonds