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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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High Yield Corporate Bonds: ETFs or Funds? |
Seeking Alpha - March 15, 2011 - by Jim Pyke
Junk bonds, more euphemistically referred to as high yield corporate bonds, offer a good way to diversify an investment portfolio and create current income. These securities offer lower volatility than outright equity, but are lower in the capital structure and of lower credit ratings than invest grade debt. I previously wrote an article that focused on junk bond ETFs. This article will focus on a few fund vehicles to compare to the ETFs previously reviewed. One benefit of ETFs is that they can be traded throughout the day.
The fund options provided lower current yields (7.2% to 8.0%) and lower 12 month returns than the ETFs, suggesting that they experienced greater capital appreciation. However, the 12 month returns for the funds were driven down from VWEHX, which provided the lowest 12 month return.
What Are the Diversification Benefits of Junk Bonds?
The first question is whether these ETFs provide significant diversification benefits to an assumed portfolio that is the SPDR S&P 500 Trust ETF (SPY). Diversification is about reducing the volatility of the portfolio and also eliminating concentrated exposure to any one security. The volatility reductions are based on a portfolio of 50% of the asset and 50% of SPY for comparison to 100% SPY. Note that the volatility reductions of SPY to SPY would be 0%. All volatilities are monthly and based on a 3 year history.
For the complete article.
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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