Summary: Assets move around quite a bit in NAsssets move around quite a bit in Novemberovember.
Summary: October saw over $14.9billion flow into bond ETFs.
Summary: High risk in the high yield bond markets has made it difficult to only be in junk bonds.
Summary: JR’s views move more negative for junk bonds and senior loans.
Summary: Risk off August sees heavy tactical use of bond ETFs.
Summary: July 2019 fund flows are very informative as investors appear to be risk-on in the hot summer sun.
Summary: To date, June 2019 ETF fund flows show a shift from extreme short end to intermediate treasury bonds and a shift back to incremental yield asset classes like investment grade corporate bonds. Out of favor are floating rate products as the Fed’s potential actions impact floating rate bonds negatively.
Summary: JR stands pat on the high yield ETF model portfolio allocations for the 3rd quarter of 2019. Muni allocation remain 60% v. 40% allocation toward corporate junk bonds.
Summary: Major money flows in and out of bond ETFs can tell us a lot about investor sentiment and create opportunities for tactical ETF investors.
Summary: JR discusses his views of the U.S. junk bond market as we go into the second quarter of 2019.
Date of podcast: April 5, 2019