A spate of new funds focused on high yield debt have hit the ETF market in recent months at a time when riskier corporate bonds are at a crossroads. The latest fund to join the race is the BlackRock High Yield ETF , which debuted Tuesday. The managers for the fund also helm the BlackRock High Yield mutual fund, which has a four-star rating from Morningstar and a yield of roughly 6.5%. "This is a substantially similar ETF.
Michael Schlembach, managing director and senior portfolio manager for Marathon Asset Management, compared high yield borrowers to U.S. consumers who had long-term debt, like mortgages, that were locked in at low rates from before the Fed's rate hike cycle and are just now starting to borrow again.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: