We expect that rotation will continue in this space so long as global/macro tensions of the day remain high and as profits have rapidly disappeared in some segments in FI, some holders that may have initially owned certain bonds for reasons of yield, may look for reasons to take shelter and take some chips off of the table going into the fourth quarter.
On the other hand, those under-allocated to High Yield, or even U.S. Treasuries, may be very eager to establish long positions at these “drawdown” levels, and we have seen noticeable nibbling in both segments and related ETFs not only yesterday but early this morning.
AdvisorShares Peritus High Yield ETF
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