PHB: Trump Means Caution On Duration Bets
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The article discusses the potential impact of Trump's policies on the Invesco Fundamental High Yield Corporate Bond ETF (PHB). The ETF has higher expense ratios compared to similar high-yield ETFs and is sensitive to rate changes due to its almost four-year duration. The article suggests caution due to potential upside risk from incoming tariffs.
November 15, 2024 | 11:00 pm
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The Invesco Fundamental High Yield Corporate Bond ETF (PHB) faces potential risks due to Trump's policies, including higher expense ratios and sensitivity to rate changes. Investors should be cautious of potential upside risk from tariffs.
PHB is directly mentioned in the article as having higher expense ratios and a long duration, making it sensitive to rate changes. The potential for incoming tariffs under Trump's policies could increase rates, posing a downside risk to PHB's price.
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