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| TOP PICK | 20.560 | Joey Mack | (A Top Pick March 21/11. Up about 6%.) Still carrying about a 7% yield, which looks fairly attractive. | 2012-04-24 | |
| TOP PICK | 20.920 | Hank Cunningham | US High Yield Bond Index ETF. US economy is recovering nicely. Default rates are falling sharply on high-yield bonds. Well diversified across the economy. Yielding around just under 6% with a low duration of around 4 years. | 2012-02-27 | |
| TOP PICK | 20.650 | Hank Cunningham | US High Yield Bond Index ETF that is hedged back to the Cdn$. This has 62 different bond issues in its portfolio. Covers the whole spectrum of the US economy. Not very risky and the default rate has fallen to less than 5%. You are going to get close to 8% even 9 9% depending on the price. | 2012-01-30 | |
| TOP PICK | 20.420 | Joey Mack | (A Top Pick Mar 21/11. Up 3.25%.) US High Yield Bond Index ETF. High yield did not perform as well as investment-grade last year but when you look at this over 9 months you have a lot of problems including tsunami in Japan and European credit crisis it's still eked out a mid-single digit return and he is fairly happy. Price-performance hasn't been great, but this is not about price-performance, it is about distribution. Thinks this will be one of the top performers over the next 6 months. | 2012-01-09 | |
| PAST TOP PICK | 19.180 | Hank Cunningham | (A Top Pick Feb 3/11. Down 2.96%.) US High Yield Bond Index Fund ETF. Sold his holdings. Based on the US economy, he could recommend these again. | 2011-11-28 | |
| BUY | 19.180 | Hank Cunningham | High Yield Corp Bond US Hedge to CAD ETF. Well diversified portfolio across the US economy. The default rate on these has fallen. | 2011-11-28 | |
| TOP PICK | 20.420 | Joey Mack | (A Top Pick Sept 30/10. Up 8.2%.) US High Yield Bond Index Fund. Currently yielding 7.5%-8%. Cdn$ hedged giving you exposure to a broad asset class. Likes it right now because high yield is very cheap right now. | 2011-11-04 | |
| DON'T BUY | 20.420 | John Hood | US High Yield Bond Index Fund. His concern with any of the high yield stuff is that you are dealing with junk bonds. They are predicated upon an index called JNK. There is a very real default risk on some of these. | 2011-11-04 | |
| Comment | 19.810 | Randy LeClair | US High Yield Bond Index ETF. Not a fan of ETF's or high yields but for someone looking to replace a small part of their portfolio, maybe 10%, this would be fine. Hedged. For high-yield, you have to look to the US. You could also look at Claymore Advantage High Yield Bond ETF (CHB-T). | 2011-10-17 | |
| Comment | 20.050 | Marc-Andre Gaudreau | US High Yield Bond Index Fund. Performing poorly because of the credit risks in the uncertainties of the market. Default rates haven’t moved up yet but the market is pricing higher default rates down the road. | 2011-09-16 | |
| BUY | 20.180 | John DeGoey | US High Yield Bond Index Fund for 6 months to 1 year? Likes the product but this is a long-term product. Long-term, the return should be strong. A good risk/return trade-off. | 2011-09-01 | |
| PARTIAL SELL | 21.010 | Lorne Steinberg | US High Yield Bond market has actually had a massive rebound since their financial crisis. What worries him about the sector is that there are a lot of relatively weak quality issuers who have been raising money in a 6%-7% range. This is way too cheap a coupon for some of them to pay. If you own, consider scaling back. | 2011-07-14 | |
| BUY | 21.180 | John DeGoey | US High Yield Bond Index Fund ETF. If you like high-yield bonds and/or corporate bonds, this is a good way to do it. Gives you a large diversified basket with a higher return. | 2011-07-07 | |
| TOP PICK | 20.840 | Joey Mack | (Top Pick Jun 25/10, Up 13.79%) US high yield bonds, hedged Canadian $ to US. You are going for the distribution. Little under 7%. Not much downside risk. | 2011-06-06 | |
| PAST TOP PICK | 21.290 | Hank Cunningham | High yield corporate bond US Hedge to Cdn$. (A Top Pick Apr 27/10. Up 12.75%) Liked high yield bonds for some time. Expects returns from high yield funds from this point on will not be as attractive. Probably won’t get double digit returns, but probably in the 7% area. | 2011-05-19 | |
| TOP PICK | 21.070 | Joey Mack | (Top Pick May 3/10, Up 8.71%) US High Yield Bonds, no exposure to currency. Yield about 7.5%. Close to long term average. | 2011-03-21 | |
| DON'T BUY | 20.970 | John Hood | The problem is ‘high yield’ mean junk bond, which he has never been a fan of. They should be called ‘high risk’. If he wants yield, he wants investment grade bonds. One should go on the ETF company’s web site and look at the bonds and the duration. | 2011-03-11 | |
| TOP PICK | 20.990 | Hank Cunningham | (A Top Pick Feb 25/10. Up 13%.) US High Yield Bond Index Fund ETF. Mimicking the US high yield index. Average yield to maturity is about 6.83% right now. Will probably produce double-digit returns this year on the strength of falling default rates. As people continue to look for yields, it will drive the spreads narrower against government’s. | 2011-02-03 | |
| DON'T BUY | 20.830 | Ben Cheng | US High Yield Bond Index Fund ETF. As government interest rates go up, high yield bonds will be affected. You also have to consider actual spread of the bonds versus the treasury index. Doesn’t think this will continue to provide the performance we have had over the last 2 years. Would prefer being in equities. | 2011-01-11 | |
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| Comment | 20.640 | John DeGoey | US High Yield Bond Index Fund ETF. If you are sensitive to rate hikes, there will be more in Canada than the US so this is one solution. You could also consider Cdn corporate bond units such as Cdn Corp Bond ETF (XCB-T) or HYBrid Bond Index Fund (XHB-T). | 2010-12-29 | |
| TOP PICK | 20.280 | Joey Mack | US High Yield Bond Index Fund ETF. Hedged which takes out currency risk. High yield offers relative value over time. Yield over government currently is still above average and credit quality is doing very well. | 2010-11-30 | |
| TOP PICK | 20.680 | Hank Cunningham | US High Yield Bond Index Fund. (Same as Past Top Pick but hedged in Cdn$.) Thinks the recovery in the economy will lower default rates and the spread from high-yield bonds to US government bonds is going to narrow which will cause some relative capital gains so is looking for above average returns. Average yield is 7.33%. | 2010-10-28 | |
| DON'T BUY | 20.690 | John Hood | Junk bonds. He is not a big fan of these. It’s not just interest rate risk but default risk. You have to assume a certain number of them will default. Currency hedged. | 2010-10-22 | |
| TOP PICK | 20.410 | Joey Mack | US High Yield Bond Index Fund. Thinks high yield, as an asset class, will outperform investment grade bonds over the next 12 months. Yields are in the area of 8% versus 3% or less in the overall bond market. | 2010-09-30 | |
| Comment | 20.390 | Stan Wong | US High Yield Bond Index ETF. Really a copy of US version Hi Yield Corp Bond ETF (HYG-N). This one pays 7.25% while the US one pays 8.7%. If you think economy is going to be in rough shape, you don't want to own it but otherwise not a bad space to be in. | 2010-09-16 | |
| BUY | 19.950 | Joey Mack | US High Yield Bond Index Fund. Hedged in Cdn $’s. High yield is closely correlated to equities more so than bonds so when there is a falling equity environment, this is not performed well. 7.5 distribution yield, which is attractive. | 2010-08-12 | |
| DON'T BUY | 20.230 | John Hood | US High Yield Bond Index Fund ETF. Wishes this was called High Yield/High Risk because it is based upon bonds that are below investment grade. | 2010-07-30 | |
| TOP PICK | 20.110 | Hank Cunningham | US High Yield Bond Index Fund ETF. This is hedged Cdn$ removing currency risks. (Versus Past Pick US High-yield corporate bonds ETF (HYG-N).) | 2010-07-21 | |
| TOP PICK | 19.600 | Joey Mack | US High-Yield Bond Index Fund. Has a Cdn$ hedge. Close to 8% return and you will see the yield increase. Moving to a monthly distribution in August. High yields will perform highly correlated with how equities perform so a more risky asset. | 2010-06-25 | |
| BUY | 19.730 | Philip Doyle | US high yield bonds traded in Canadian dollars. Hybrid between bonds and equities. You have to be prepared to ride with the volatility. There is credit risk. Distributions are flow through and taxed as income. | 2010-05-31 | |
| BUY | 19.890 | Terry Shaunessy | US High Yield Bond Index Fund. Paying out a little bit more than the underlying yield, meaning the payouts could go down a little in the future. | 2010-05-11 | |
| TOP PICK | 20.530 | Joey Mack | US High Yield Bond Index. Had to launch some Cdn$ hedge since he appeared on the show in January. Cdn$ return is linked to what happens in the US High Yield market (JNK-N). 8%-9% yield going forward. | 2010-05-03 | |
| BUY | 20.320 | Hank Cunningham | Hedged back to Canadian dollars. 150 bonds from all different industries I the US. About 8.2% | 2010-04-27 | |
| TOP PICK | 20.320 | Hank Cunningham | High Yield Bond Fund. Corporate credit has strengthened in the US. Bulk of maturities of 5-10 years. Average coupon rate of over 8%. IF a few companies have trouble you are insulated because there are so many companies in the fund. | 2010-04-27 | |
| DON'T BUY | 20.090 | John Hood | Have default risk. Problem with it is that anything that says high yield means junk. He doesn’t use it. | 2010-03-04 | |
| TOP PICK | 19.950 | Hank Cunningham | High yield US bonds ETF. Currency hedged. .6 MER. Double-digit potential return. They are all junk bonds with average credit rating B or B+. Could be capital gains potential. | 2010-02-25 |