Although the default picture has improved in high yield, junk bonds could still get clocked if the economy falters or we face a double-dip recession, says Morningstar's Eric Jacobson.
Despite market fluctuations, patient investors could have realized over 6% compounded annual returns over the last decade with a disciplined buy-hold-rebalance strategy, says Portfolio Solutions' Rick Ferri.
Given these funds' wide latitude, investors should move slowly (if they move at all) into these offerings at this point, says Morningstar's Eric Jacobson.
Tim Gramatovich is the CIO of Peritus Asset Management, and the Portfolio Manager of the AdvisorShares Peritus High Yield ETF (NYSE: HYLD)
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