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High Yield Munis, Emerging Mkts bonds moving up but not High Yield Corps
Dex, you are comparing the charts of two open end funds where dividends accumulate daily and paid out end of month vs an ETF where dividends are handled differently and show as a decline on the charts end of month. Check the link to see how the junk corps category is beating junk munis YTD as well as the past month. I am not badmouthing junk munis as I hold NHMRX and PYMDX ( as well as bank loan and corp junk funds) The junk munis, so far anyway, have been one smooth ride. While NHMAX may be best of breed and right at/near the top in junk muniland, it is still being beat YTD and especially recently by its junk corp cousin FJSYX at Nuveen. And if you go back to that pivotal 2/11 day for so many markets, performance-wise corp junk is absolutely swamping junk muni. As for emerging markets, yes, having a bang up year, but not my cup of tea because they are too volatile for my style.
Dex, you are comparing the charts of two open end funds where dividends accumulate daily and paid out end of month vs an ETF where dividends are handled differently and show as a decline on the charts end of month.
Dex?, OK I'll play. Dan, I compared HYD with HYG. HYG is beating HYD YTD. But if you look at other time periods, 1, 2, 5 - HYD wins. HYG is slightly ahead in 10 years by 1.75 pct pts. Max HYG is better by less than 9 pct pts.
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http://news.morningstar.com/fund-category-returns/
I compared HYD with HYG. HYG is beating HYD YTD. But if you look at other time periods, 1, 2, 5 - HYD wins. HYG is slightly ahead in 10 years by 1.75 pct pts. Max HYG is better by less than 9 pct pts.
http://finance.yahoo.com/echarts?s=HYD+Interactive#{"range":"ytd","allowChartStacking":true}