High Yield and Preferreds Soar

As stocks continue to rally, two other asset classes that have been doing very well lately are non-investment grade (junk) bonds and preferreds.  Below are six-month price charts of the Peritus High Yield Bond ETF (HYLD) and iShares S&P US  Preferred Stock ETF (PFF).  As shown, both have basically gone parabolic over the last few weeks, making new 52-week highs on a daily basis.

Source:  Bespoke Investment Group

Peritus High Yield (HYLD) and iShares S&P US Preferred Stock (PFF) are both components of the D2 Capital Management Multi-Asset Income Portfolio

The information contained in this article does not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.

 

The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville.  The Firm is also a member of the Financial Planning Association of Northeast Florida.