In our writings, we have often posed high yield bonds as an equity alternative.  Over the last couple decades, these two asset classes have had similar return profiles.1 However, as we have often noted, high yield bonds have historically had …

Be it how hedge fund returns have been struggling over the past year or how index funds have been gaining some traction, there has seemed to be much in the financial media over the past few weeks about the challenges …

“Smart” or “strategic” beta.  The name sounds enticing; as an investor of course we all want to be smart and strategic.  In the ETF world, we’ve seen a number of “smart beta”/”strategic beta” funds recently launched.  These funds are positioned …

With all of the talk of the Federal Reserve taking action and raising rates in the next couple months, investors naturally are considering how they position their portfolios. Duration is one metric fixed income investors often pay attention to as …

In our conversations with investors and advisors, we sometimes hear concerns about volatility within the high yield sector expressed.  People seem to be okay with equities but aren’t sure if the high yield market is too volatile for them—seemingly under …