The Chase For Yield Is On
Robert Sinn | Jul 19, 2012 05:08AM ET
The chase for yield hit full throttle yesterday as investors continue to pile into corporate bonds – both HYG (iShares' high yield corporate bond ETF) and LQD (iShares' investment grade corporate bond ETF) hit new all-time highs (dividend adjusted):
Other yield sensitive sectors such as REITs (IYR) and mortgage REITs (NLY) also continue to perform exceptionally well in a sign that investors are willing to drive share prices to new multi-year highs on an almost daily basis as they reach for juicy dividend yields. Portfolio manager
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