Four short-term high-yield bond funds gained ink in the Wall Street Journal
. Yesterday in the "Fund Fiend" column, Tom Lauricella highlighted
: the six-month-old, nearly $300-million-AUM SPDR Barclays Capital Short Term High Yield Bond ETF
]; the 18-month-old, $485-million Pimco 0-5 Year High Yield Corporate Bond Index ETF
]; the two-year-old RiverPark Short Term High Yield Fund
]; and the 15-year-old, $1.1-billion Wells Fargo Advantage Short-Term High Yield Bond Fund
wonders if, by piling into this asset class, investors are "looking before they leap." The pub notes that the SPDR ETF
is both new and based on a brand new index, giving investors "no information on how [the ETF] might perform during a period of financial-market turmoil" even as they salivate over the "meaty 5.1% 30-yield on the fund."
, PM for the RiverPark fund, talked to the paper for the article.
Neil Anderson, Managing Editor
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