EFTA Document EFTA01459552

CIO View Special Anita C0G*. 1 Rica:iv 2016 !1 Several reasons probably account for this. There is sheer size, of course. Energy became the single largest sector in the U.S. high-yield market during the shale boom. At current market values, it still accounts for about 11%. Exploration and production only accounts for 3.5% to 4%, and better quality issuers within this group have started to look cheap. Not so long ago, oil indeed looked like a "known problem". The effects looked certain t