ETF

Two Bond Funds for High-Yielding Debt

Stock quotes in this article:TLT, HYG, FHIIX 

As evidenced by this most recent earnings season, corporations are befitting from factors including strong balance sheets and rising profits. Additionally, despite the general concerns regarding the broad economic picture defaults have largely been absent. Looking ahead, I am confident that these factors will keep corporate bonds buoyed into the foreseeable future.

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HYG and FHIIX appeal to different types of investors. However, in the end they both represent a popular destination for those seeking a balance of protection and payoff in today's tricky market conditions.

-- Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management was long iShares $ iBoxx High Yield Corporate Debt Bond Fund and Federated High-Income Bond Fund.

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.

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