The Riskalyze Report: Advisors Trade High-Yield for International Bonds

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $44 billion and counting that advisors manage on the Riskalyze platform*. I hope we can uncover interesting trends for you each week…


August 9th- August 15th

Winners (advisor flows TO these investments increased substantially):
  1. Foreign Bond (PFODX, TPINX)
  2. Financials (XLF)
  3. First Trust Focus Five (FV)

Losers (advisor flows FROM these investments increased substantially):

  1. Russell 2000 (IWM)
  2. High Yield Bond (HYG)
  3. Cash Money Market

Josh here – another week, another sell-out for high yield bonds across all of the advisor-managed portfolios that Riskalyze tracks. Mike McDaniel, CIO at Riskalyze notes an interesting development – there were two different foreign bond funds making the winner list this week. High yield bond indices are down at four year lows and the energy / industrials that make up so much of that market continue to be under pressure. Perhaps advisors feel that internationals are the “better” risk to take to earn current yields as opposed to US junk.

One other interesting development via McDaniel that didn’t hit the rankings but is worth bringing out – GLD holdings were “almost unchanged after a big influx of funds the week prior.”


Check it out today!

*(to state the obvious, Riskalyze does not share client sensitive data with me or use animals in testing).

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