FYI: Income investors love high-yield bonds when they’re in favor, but these bonds are a drag when the credit cycle shifts and they fall out of favor. The Pacer Trendpilot US Bond ETF (PTBD) that launched on Wednesday employs a passive trend-following strategy designed to capture the good times for high-yield debt while providing risk management to mitigate the bad times in this asset class composed of bonds rated below investment grade.
Regards,
Ted
https://www.fa-mag.com/news/a-high-yield-etf-that-seeks-to-avoid-high-yield-s-downside-52325.html?print
