The 20 Worst-Performing High-Yield Bond Funds Have Benefited From Steady Market Growth
From the Desk of Jim Eccleston at Eccleston Law LLC:
According to Morningstar Direct data, the 20 worst-performing mutual funds and ETFs in the high-yield bond sector have managed still to post positive annual returns over the last 10 years.
More specifically, in the last decade, mutual funds and ETFs in the high-yield bond sector with the lowest returns have at least gained returns of 6% due to steady market growth. Moreover, the average for the 20 worst-performing mutual funds and ETFs in the aggregate is even larger, with a 10-year return of more than 9%.
In comparison, the Barclays Capital U.S. Aggregate Bond Index had only a return of 3.53% over the same 10-year period.
Nevertheless, investors should be wary that the positive annualized returns for even the worst-performing mutual funds and ETFs can shift quickly with a market downturn.
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