Today, I have initiated a new long position with the iShares Asia High Yield Bond Index (QL3 on DBS Vickers).
Multiple reason to enter this ETF:
- differentiate my porfolio with an ETF (before this investment my porfolio was exclusively based on stocks)
- attractive yield, at the moment this ETF offers ~7.6% yield
- quarterly distribution in Mar, Jun, Sep, Dec make my cashflow more steady (http://sg.ishares.com/product_info/fund/distributions/SGX/O9P.htm)
- denominated in Singapore Dollars to reduce the currency variability
At the moment seems like a good investment given that the stock market is very high and it is very tough to find any stocks yielding at more than 7/8%.
Will wait for the first dividend in March and will decide if and how to continue with this ETF.
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