HYBI: New HY Credit ETF, 6% Yield
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HYBI, a new high-yield credit ETF, has transitioned from a mutual fund to an ETF, offering a 6% yield. It combines high-yield and investment-grade securities using a proprietary model and includes S&P 500 options.

November 16, 2024 | 6:15 am
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HYBI has transitioned from a mutual fund to an ETF, offering a 6% yield. It combines high-yield and investment-grade securities using a proprietary model and includes S&P 500 options.
The transition from a mutual fund to an ETF format can attract more investors due to the typically lower fees and increased liquidity associated with ETFs. The 6% yield is attractive in the current low-interest-rate environment, and the use of a proprietary quantitative model may appeal to investors seeking a strategic approach to high-yield and investment-grade securities. The inclusion of S&P 500 options adds a layer of diversification and potential for enhanced returns.
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