- With 3 years of trading and over $470 million assets under management, the AdvisorShares Peritus High Yield ETF (NYSEARCA:HYLD) now has a new reason for investor consideration: the coveted 5-star rating from Morningstar.
- This rating means that HYLD was in the 10% of high yield bond ETFs and mutual funds; applying to the fund's overall and annual performance.
- "We appreciate Morningstar's 5-star recognition of HYLD and believe this acknowledgment reinforces that active management is essential in the high yield market," said Tim Gramatovich, chief investment officer of Peritus, the fund management group.
- Other high yield bond ETFs: HYG, JNK, HYS, SJNK, PHB, SJB, HYHG, ANGL, HYLS, UJB, XOVR, THHY, QLTC, SHYG, HYZD, HYND
at Zacks.com (Dec 29, 2014)