Franklin High Yield Corporate ETF (FLHY)
Meet an ETF Provider: Franklin Templeton
Franklin Templeton has been building out its ETF lineup through product development, mutual fund conversions, and acquisitions. While it had $10 billion in U.S.-listed ETF assets at the end of November, aided by $1 billion of net inflows, the firm has ambitions of being a much larger player in the space.
Focus on FLHY as a Recession Indicator
Among fixed income assets, high yield corporate bonds are often considered to be reliable indicators of economic strength or weakness. With that notion in mind, the Franklin High Yield Corporate ETF (FLHY) could be a relevant near-term idea for income-hungry investors.
Patient Investors Could Be Rewarded for Junk Bond Faith
The widely followed Markit iBoxx USD Liquid High Yield Index is down 9.56% year-to-date, as of July 28. In a vacuum, that's enough for many investors to gloss over high yield bonds.
It's Not Your Default: FLHY Remains Interesting Income Idea
The Federal Reserve's interest rate tightening regime is crimping nearly every corner of the fixed income market, including high yield corporate debt. Making matters worse for junk bonds is increasing speculation regarding economic contraction.
Seize Junk Bond Bargains With FLHY
Amid rising interest rates, bonds of nearly all stripes are being punished in 2022. Owing to their status as risk assets, high yield corporate bonds are no exception.
Franklin Liberty High Yield Corporate ETF (BATS:FLHY) Shares Up 0.1%
Franklin Liberty High Yield Corporate ETF (BATS:FLHY)’s share price shot up 0.1% on Monday . The company traded as high as $23.43 and last traded at $23.37, 1,337 shares traded hands during mid-day trading. The stock had previously closed at $23.35. The stock has a 50 day moving average of $22.89 and a two-hundred day […]
Credit Markets - The Waiting Game
When the stock market crash started, money initially continued to flow into investment grade corporate bonds. But that didn’t last. The recent interventions by
Franklin Resources Inc. Raises Position in Franklin Liberty High Yield Corporate ETF (BATS:FLHY)
Franklin Resources Inc. grew its position in Franklin Liberty High Yield Corporate ETF (BATS:FLHY) by 88.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,833,404 shares of the company’s stock after buying an additional 860,248 shares during the period. Franklin Resources Inc.’s holdings in Franklin Liberty High […]