“Among the corporate bond funds, high yield attracted $1.6 billion in cash, equal to 2.8 percent of assets under management, while $2.3 billion went into high grade funds, about 1.7 percent of AUM. Almost $540 million fled U.S. Treasury ETFs,” according to Bloomberg.
Investors interested in other high-yielding corporate debt exposures can also look to various ETF options, including the SPDR Barclays High Yield Bond ETF (NYSEArca: JNK), which has a 4.98% 30-day SEC yield; Deutsche X-trackers USD High Yield Corporate Bond ETF (HYLB); AdvisorShares Peritus High Yield ETF (NYSEArca: HYLD), which has a 7.23% 30-day SEC yield; and the VanEck Fallen Angel High Yield Bond ETF (NYSEArca: ANGL), which has a 4.85% 30-day SEC yield.
For more information on corporate debt, visit our corporate bonds category.
Tom Lydon’s clients own shares of LQD.