RBC became Canada's sixth ETF provider when it launched a family of eight
corporate bond funds last week.
Not exact matches
In this regard, our surveillance has been closely monitoring for any signs of liquidity strains associated with the recent increases in spreads for high - yield
corporate bonds, as well as for idiosyncratic events affecting particular
funds in this segment, such as the events surrounding the abrupt closing of Third Avenue Management's Focused Credit
Fund last December.
Over the
last four weeks, about $ 11.4 billion have come out of high - yield
corporate bond funds that report weekly.
Investment - grade
corporate bond funds saw $ 2.32 billion exit in the
last week, the second - largest outflow on record.
@Jerry, I agree that today the main risk in
bonds is duration risk (AKA interest - rate risk)--
last weekend's Barron's has an interview with the UBS Wealth Management top managers pointing out this means convincing investors to switch from Treasuries and investment - grade
corporates to well - selected junk (HYLD is a jewel there — DO N'T go for index
funds in
bonds, very differently from ones in stocks they make no sense... where's the sense in wanting to lend more to companies which are more indebted?!
High yield
corporate bonds tracked in the S&P U.S. Issued High Yield
Bond Index have returned just under 5 % year to date but lost ground the past several days as
fund outflows weigh on the market driving prices down and the weighted average yield (yield to worst) up by 22bps since
last week to end at 4.88 %.
Here we go:
Bond PortfolioI sold our
last corporate loan
fund in early June.
Funds invested in short - term and intermediate government and investment - grade
corporate bonds significantly underperformed benchmarks on a relative basis
last year.