UPDATE: Don't believe the great bond fake-out
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.
It offers an attractive yield but is heavily concentrated in the industrials sector.
This ETF follows a rules-based index that avoids the lowest-rated junk bonds.
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.