Q: Good morning,
I try to keep my fixed income weighting in the 35-40% range of total investable assets. Of this, I have maintained my HY exposure - via the PH&N HY Fund - in the ~ 10% range of my fixed income exposure. The rest of spread out in ETFs like XBB, XLB, XCB, TLT.
I would like to increase my HY exposure as a % in my fixed income exposure to ~ 20-25%. I know you don't love to comment on weightings, but do you think this is a reasonable move? I love the fund, and have a lot of time for the PM there.
Thanks as always.
I try to keep my fixed income weighting in the 35-40% range of total investable assets. Of this, I have maintained my HY exposure - via the PH&N HY Fund - in the ~ 10% range of my fixed income exposure. The rest of spread out in ETFs like XBB, XLB, XCB, TLT.
I would like to increase my HY exposure as a % in my fixed income exposure to ~ 20-25%. I know you don't love to comment on weightings, but do you think this is a reasonable move? I love the fund, and have a lot of time for the PM there.
Thanks as always.
5i Research Answer:
The fund is first quartile over 10 years, and with interest rates still likely moving lower we...