SPDR Portfolio High Yield Bond ETF (SPHY) — ()
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SPHY: A Good Choice For Income-Focused Investors
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Sentiment: Positive ()
SPHY offers exposure to US high-yield corporate bonds with attractive yields and low call risk, making it suitable for income-focused investors. Current macroeconomic indicators—loose financial conditions, stable bank reserves, and …
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Why Fixed Income ETFs are Gaining Share
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Sentiment: Positive ()
Earlier in May, VettaFi hosted an Income Investment Strategy Symposium. Many of the experts we talked to highlighted ETFs and we partially marketed the event on this website with “ETF” …
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SPHY: Let's Not Forget That When Yields Go Up, So Do The Risks (For Real)
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Sentiment: Neutral ()
The HY segment is facing unique challenges, with recession fears outweighing benefits from expected Fed rate cuts, leading to wider spreads and potential default rate increases. SPHY has a competitive …
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About SPDR Portfolio High Yield Bond ETF SPHY
The SPDR Portfolio High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofA US High Yield Index (the “Index”).One of the low cost core SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes.A low cost ETF that seeks to offer exposure to over a trillion dollars of USD-denominated high yield debt.The index includes publicly issued USD high yield bonds with a below investment grade rating, at least 18 months to final maturity at the time of issuance, at least one year to maturity, a fixed coupon, and a minimum amount outstanding of $250M.