“We did view the sell-off as a buying opportunity,” said Eric Takaha, director of the corporate and high-yield group at Franklin Templeton Investments, in the article. “We were buyers particularly of high yield after the dip in some of our multi-sector fixed-income accounts.”
HYG, the high-yield ETF, has posted a total return of about 4% so far this year. The fund is paying a 30-day SEC yield of 5.55%.
iShares iBoxx High Yield Corporate Bond
Full disclosure: Tom Lydon’s clients own HYG and JNK.