Assets in the T. Rowe Price U.S. High Yield ETF (THYF) have grown to $845.6 million, according to ETF Database, as the fund leans into a high yield bond market that its managers describe as structurally stronger than it was before the 2008 financial crisis.
While investors have had a close eye on equities all year, fixed income has had strong overall performance. For example, the Bloomberg US Aggregate Bond Index (BBUSATR) has returned 2.6% over one year.
As 2024 comes to an end, investors may be looking to adjust their bond allocations. With many still sitting in cash and rates coming down, it may be time to adapt or make a shift.