The recent rise in interest rates has negatively hit shares of high yield instruments such as dividend stocks in traditional income paying sectors such as Utilities over the past few weeks. In addition, bond mutual funds had their first weekly outflow in nearly six months last week. For the week ending June 5th, these funds suffered record outflows (~$12.5B). The hike in rates has also taken its toll on corporate high yield bond funds as well as a myriad of different high income Real Estate Investment Trusts (REITs).
I decided to peruse these sectors and other income producing areas to see if I could find any solid high yielding entities that look like they have been oversold. This research led...
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