Q: Thoughts on XHY currently?
5i Research Answer:
XHY invests in high yield US corporate bonds. With interest rates still expected to move lower and the US economy is strong shape, the corporate bond sector should be able to perform fairly well and we would consider this fund attractive for fixed income investors. One year return is 8.22% and indicated yield is 5.90% today.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XHY.