Investors have new options for active fund management and low-cost ETFs in the fixed income arena.
As Treasury yields hit generational highs this week and the U.S. labor market adds more jobs , several new exchange traded funds are giving investors ways to take on risk and boost their income — either through active management or junk bonds. The Pimco Multisector Bond Active ETF launched in June, giving investors a way to follow one of the biggest names in fixed income during the volatile bond market.
includes Pimco Group CIO Dan Ivascyn and managing director Sonali Pier, who said the sharp rise in rates over the past 18 months made it a good time to launch an active product ahead of the second half of 2023. "It may not be necessarily the perfect entry point from a credit spread perspective, but you need to stay invested because the income is substantial," Pier told CNBC.
dipped 0.64% on Thursday, when a surprisingly hot ADP employment report sent yields soaring. The fund also carries a net expense ratio of 0.55%, making it pricey relative to bond index funds. 5D mountain Shares of fell on Thursday when yields rose. For financial advisors or investors who want to make investment decisions themselves, there are more targeted bond funds available. One new ETF expected to launch next week is the Schwab High Yield Bond ETF . The fund will track an index of junk bonds that look more attractive now as the U.S. economy has proven surprisingly resilient at dodging a recession.
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