“Time To Get Creative”: This Isn’t The Place For Joe ETF

“Time To Get Creative”: This Isn’t The Place For Joe ETF

Count me incredulous when it comes to the idea that credit spreads can tighten materially from current levels. The spread compression we've seen in IG and HY over the past 12 months has been nothing short of remarkable and is, I think, entirely out of step with fundamentals. Given where we are in the credit cycle (of course that's always a bit of a subjective assessment) and given leverage and the general richness to fair value, I have serious concerns about stepping into this market. (Char
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