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AdvisorShares Peritus High Yield ETF (HYLD)

- NYSEARCA

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HYLD Description
The investment objective of the Peritus High Yield ETF (HYLD) is to generate a high current income with a secondary goal of capital appreciation. HYLD is sub-advised by Peritus I Asset Management, LLC. Peritus seeks to achieve the Fund’s objective by selecting a focused portfolio of high yield debt securities that, via their coupons, generate a high current income stream. Peritus takes a value-based, active credit approach to the markets, largely foregoing new issue participation, favoring instead the secondary market where Peritus believes there is less competition and more opportunities for capital gains. Peritus de-emphasizes relative value in favor of long-term absolute returns.
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Country: United States
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