Be Careful With This Junk Bond ETF
November 27, 2019 at 11:00 AM EST
At first glance, the First Trust Tactical High Yield ETF (NASDAQ: HYLS), an actively managed ETF that tracks high-yield debt securities rated below investment grade, appears to be a tempting income-generating idea at a time when Treasury yields are low. Indeed, HYLS’ yield of 5.35% is...