SPY - High Yield: Sifting Through The Wreckage
High-Yield investments have been terrible over the last month. From Bond Closed-End Funds (CEFs) to Business Development Companies (BDCs) and Real Estate Investment Trusts (REITs), the carnage has been extreme. Many will not recover (there will be bankruptcies and dividend cuts). However, others will experience swift and powerful rebounds. This article surveys the damage, focusing on BDCs, Bond CEFs and REITs, and also shares three specific "Strong Buy" opportunities.
Overview
For a little perspective, before we get into the specifics of BDCs, Bond CEFs and High-Yield REITS, it's worth considering where we are in terms