Four short-term high-yield bond funds gained ink in the Wall Street Journal. Yesterday in the "Fund Fiend" column, Tom Lauricella highlighted: the six-month-old, nearly $300-million-AUM SPDR Barclays Capital Short Term High Yield Bond ETF [profile]; the 18-month-old, $485-million Pimco 0-5 Year High Yield Corporate Bond Index ETF [profile]; the two-year-old RiverPark Short Term High Yield Fund [profile]; and the 15-year-old, $1.1-billion Wells Fargo Advantage Short-Term High Yield Bond Fund [profile].

The WSJ wonders if, by piling into this asset class, investors are "looking before they leap." The pub notes that the SPDR ETF is both new and based on a brand new index, giving investors "no information on how [the ETF] might perform during a period of financial-market turmoil" even as they salivate over the "meaty 5.1% 30-yield on the fund."

David Sherman, PM for the RiverPark fund, talked to the paper for the article. 

Edited by: Neil Anderson, Managing Editor


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