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Indexes Don't Maximize High-Yield Bonds

Morningstar's Alex Bryan walks investors through some of the pros and cons of index-based ETFs versus actively managed funds in the high-yield bond category.

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Christine Benz: Hi, I'm Christine Benz for Investors have been gravitating to ETFs and other passively managed products. But should they index the high-yield space? Joining me to discuss that question is Alex Bryan. He is director of passive strategies research for Morningstar in North America.

Alex, thank you so much for being here.

Alex Bryan does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.