Not exact matches
We aim to add value in the Corporate
Advantage Fund by generating
yield using a
relative valuation approach and investing in investment grade corporate bonds, high
yield bonds, preferred shares, and other fixed income securities.
Investors typically evaluate corporate bonds by looking at their
yield advantage, or «
yield spread,»
relative to U.S. Treasuries.
Bond
yields may be falling, and inflation nonexistent, making money market fund
yields microscopic... the
relative advantage from a financing standpoint has swung to stocks, and the prices rise.