High Yield Bond Losses

High Yield Bond Fund Losses?

Many high yield bond funds are underperforming the market by a wide margin and we are also in a rising rate environment which may hurt bond valuations further.  If you were sold risky bonds that were heavy on fees and inappropriate for your risk tolerance please give us a call.  Massive losses have occurred in several of our clients portfolios due to inappropriate bond recommendations and you may be able to recover some losses if this happened to you.

Soreide Law Group Helps Clients Who Were Inappropriately Invested In High Yield Bond Funds

Some of the following investments have led to high yield bond losses:

WP Income Plus Fund Institutional Class WPINX

Western Asset SMASh Series M Fund LMSMX

Pioneer Corporate High Yield Fund Class Y RCRYX

Closed End Bond Funds:

MFS® Charter Income NYSE: MCR

Western Asset Global Corporate Defined Opportunity Fund NYSE: GDO

PGIM Short Duration High Yield Opps NYSE: SDHY

High Yield ETF Bond Funds

High Yield ETFNYSE Arca: HYLD

ATAC Credit Rotation ETFNYSE Arca: JOJO

High Yield Municipal Bond Funds

PIMCO Total Return Fund Institutional Class PTTRX

Rareview Tax Advantaged Income ETFCboe Consolidated Listings: RTAI

Pioneer Municipal High Income Opportunities Fund Inc. NYSE: MIO

If we take a look at the HYG (High Yield Corporate Bond ETF) you can see that high yield bonds may be in the beginning of a downtrend from a technical perspective.  Is your broker protecting your capital?

JNK SPDR Barclays High Yield Bond ETF also shows some heavy recent selling:

If you or a loved one lost money in high yield bonds please call 1-888-760-6552.  Bonds are often sold as safe instruments that are low risk, but there are plenty of risky bonds that have cost investors money over the last few years.