BSCO: Time To Crystallize Your Gains (Rating Downgrade)
Summary
- The Invesco BulletShares 2024 Corporate Bond ETF has delivered steady returns and has a shallow drawdown profile compared to other fixed income instruments.
- The fund's maturity later this year and the tight credit spread environment make it better to sell now and invest in risk-free funds as a cash alternative.
- The fund's current analytics show a 30-day yield below treasuries, making it riskier and yielding less than treasuries, with no upside potential.
- Investors should consider investing in treasury funds like the WisdomTree Floating Rate Treasury Fund ETF.
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