|Bid||26.61 x 45100|
|Ask||27.16 x 45900|
|Day's Range||26.81 - 26.91|
|52 Week Range||26.51 - 27.37|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||0.93%|
|Beta (5Y Monthly)||-0.09|
|Expense Ratio (net)||0.40%|
Discover the short-term high-yielding exchange-traded funds that have low interest rate sensitivity but pay interest comparable to intermediate-term funds.
IShares 0-5 Year High Yield Corporate Bond ETF SHYG is a decent choice for exposure to U.S. high-yield corporate bonds. The fund is cheaper than most high-yield bond Morningstar Category peers, but it has trailed its benchmark by a multiple of its fee since inception, and it isn't representative of how its actively managed counterparts invest. High-yield bonds are illiquid and expensive to trade, which can make them hard to index efficiently and can lead to high tracking error as some bonds may not be available.
As investors take an overhead view of the global fixed-income landscape, many are taking into account the changing market conditions and adapting to the changes by creating a diversified bond portfolio. Growth has weakened in most major economies and financial conditions have tightened going into 2019 as investors grew increasingly concerned about the end of the post-crisis economic expansion that has extended for a decade. Consequently, investors should expect increased near-term volatility.
Here's my case for why stability and not continued weakness is my base case, an employment preview, and how I'm positioned now. In August 2018, the NFIB's Small Business Survey showed a net 34% of firms felt it was a good time to expand, an all-time high. Unemployment fell to 3.7%.
On Wednesday, the U.S. Federal Reserve concluded their two day March meeting. Despite a new Summary of Economic Projections (which includes the infamous "dot plot") as well as a press conference by the Chair, we learned little out of this meeting that the Fed hadn't previously communicated. The Fed is quietly making a major shift in their approach to monetary policy.