Where this BlackRock fund manager is finding opportunity in high

BlackRock's Mitchell Garfin is still finding areas of opportunity in a high-yield bond market that looks expensive. Some investors, like Pimco chief investment officer Dan Ivascyn , have been moving into higher-quality bonds amid economic uncertainty and what they see as the lack of reward for taking on risk. "I'm not too concerned about the overall state and health of the economy," said Garfin, co-head of U.S. leveraged finance at BlackRock. "Clearly we're going to need to see what the data looks like over the next few months, next few quarters. But given what we know now, we're still reasonably constructive on the market." Garfin, along with David Delbos, manages the $27.5 billion BlackRock High Yield Fund (BHYIX) , which has earned four stars from Morningstar. The fund's total returns o