The case for index investing rests on the index fund's cost advantage and how representative it is of its actively managed peers, not market efficiency.
Junk-bond ETFs have become a hot topic in 2015, as liquidity concerns heat up ahead of potential Fed action.
Common measures of tracking performance don't tell the full story.
This ETF follows a rules-based index that avoids the lowest-rated junk bonds.
It offers an attractive yield but is heavily concentrated in the industrials sector.
We revisit and make a modification to our portfolio for those with shorter time horizons.
This high-yield bond index fund attempts to avoid some of the pitfalls of market-cap weighting, but it may introduce a new problem.
Investors are likely better served by traditional bond funds.