Gene Tannuzzo, senior portfolio manager at Columbia Threadneedle Investments, believes that roughly half of low-rated energy producers will default over the next two years. [Rising Default Risks in Junk Bond ETFs]
Potential investors, though, should be aware that TYTE is still rather small with low average value, so people should utilize limit orders to better control trades.
ProShares CDS North American HY Credit ETF
For more information on the fixed-income market, visit our bond ETFs category.
Max Chen contributed to this article.