Want high-yield exposure? Forget ETFs
If you have a short-term view on high yield, an exchange-traded fund might be right for you. But if you want long-term exposure, ETFs are a terrible choice.
With high-yield ETFs, costs can be hidden
Investors who see ETFs as an easy and inexpensive way to tap into the high-yield market should look again.
Don’t count high yield out just yet
Reward in the offing for investors who stick to their guns, keep an eye on liquidity, remain vigilant on credit quality.