Shorting Treasuries Helps Active High-Yield ETF
September 12, 2013 at 10:25 AM EDT
A high-yield ETF that’s actively managed has been aided by a short position in U.S. Treasuries as interest rates tick higher. First Trust Tactical High Yield ETF (NYSEArca: HYLS) has been outperforming index-based junk debt ETFs since the fund launched in February of this year. HYLS has a roughly...