PHB: Dissecting This High Yield ETF
By The Financial Lexicon:
As investors search for yield in a zero-interest rate environment, high-yield corporate debt is a space that seems to be garnering more and more attention. In my articles "HYG: Peek Inside This High-Yield ETF" and "JNK: A Look Inside This ETF's Trunk," I attempt to consolidate some of the more important pieces of information on the funds, including some not easily found on each fund's webpage, in an attempt to provide investors with a concise resource for information on HYG and JNK.
I now turn my attention to a third, less heavily traded high yield corporate bond ETF, the PowerShares Fundamental High Yield Corporate Bond Portfolio, also known by its ticker symbol, (PHB).
With an inception date of November 15, 2007, PHB has been around for slightly more than four years. It recently traded at $18.52, has average volume over the past 90-daysComplete Story »