Lux Investing
Does anyone know of a high yield bond index fund?
I'm a fan of junk bonds, but I'm not interested in taking a gamble at investing in individual ones or even individual bond funds. Is there an index fund that copies the growth of high yield bonds as a whole? And what can I expect it's expense ratio to be? Thanks for your help.
Public Comments
- You really don't want an "Index Fund" for high-yield bonds - why would you want to track the poorest quality junk bonds? Split yourself among the best performers if you want greater exposure. JHancock High-Yield A JHHBX 20.65% 12 month return Fidelity Advisor High Income Advantage I FAHCX 18.38% Loomis Sayles Instl High Income LSHIX 16.65% Pioneer High Yield Y TYHYX 16.53% Expense ratios range from 0.7 - 1.0%
