Tag: Alternatives

PHB ETF: Unattractive High Yield Fund, Better Alternatives Exist (NYSEARCA:PHB)

Dec 23, 2023

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by

ErtgminM00n77

in Finance

marchmeena29 Thesis The Invesco Fundamental High Yield Corporate Bond ETF (NYSEARCA:PHB) is a fixed income exchange traded fund. The vehicle is based on the RAFI Bonds US High Yield 1-10 Index and will invest at least 80% of its total assets in the securities that comprise the respective index. As per its literature: The Index…