Additionally, the WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) provides a quality-screened position in U.S. high yield to help mitigate potential default risk. "We continue to believe that U.S. and global GDP growth will be flat to slightly positive for 2022 but see a heightened risk of recession as we head into 2023," Welch said. Additionally, quality companies with stronger earnings, cash flows, and balance sheets could move to the forefront as inflation remains “sticky” and margin “squeezes” ensue.