2023-05-24 08:00:00 ET
Summary
- The iShares 0-5 Year Investment Grade Corporate Bond ETF invests based on the Markit iBoxx USD Liquid Investment Grade 0-5 Index.
- With the two unknowns of a possible recession and/or rising short-term interest rates, SLQD provides better protection against both compared to many bond ETFs.
- After comparing SLQD against other short-term fixed income assets and the iShares 0-5 HY ETF, I see little reason to own SLQD at this time. I would consider redeployment here.
For further details see:
SLQD: Examining A Short-Term Investment-Grade Corporate ETF