An actively managed fixed income ETF strategy that we have covered in this column on several occasions since the fund’s inception back in 2010 has experienced a strong September in terms of new asset growth.
HYLD (Peritus High Yield ETF, Expense Ratio 1.35%) has seen above average trading volume for at least the past week now, including one session where more than 800,000 shares changed hands (ADV is 97,000 shares) as the fund has attracted $72 million in new assets month to date and $200 million now year to date.
With $383 million in total assets under management now, HYLD is now the largest ETF in terms of size in the AdvisorShares lineup.
Interestingly, HYLD has bucked the trend of outflows that we have largely seen in the High Yield Fixed Income space in 2013, as leading funds like JNK (SPDR Barclays High Yield Bond, Expense Ratio 0.40%) and HYG (iShares High Yield Corporate Bond, Expense Ratio 0.50%) have seen $2.9 billion and $561 million leave the funds YTD respectively.
HYLD’s impressive vault in terms of asset growth and trading volume this month is why it makes plenty of sense to keep actively managed ETF strategies on your radar, especially in niche areas of the market outside of say equity, in this case high yield corporate bonds.