- The broader markets, including high-yield bonds and loans, have been performing very well in 2021.
- The macro-economic picture keeps improving and bankruptcy filings are on the decline. Both of these developments bode well for HYT.
- The fund's valuation now sits very close to par, which signals some caution is warranted. While this is not an expensive price, the fund typically trades at a discount.
- Investors should remember that lower-rated credit is still a riskier asset class, and should plan ahead accordingly.
For further details see:
HYT: Stay Patient, Don't Chase Returns Here