Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Research Firm with a Qualitative Overlay

Equity Bottom-Up

iShares High Yield Bond Factor ETF / Equity Bottom-Up

iShares High Yield Bond Factor ETF (HYDB US)

<ul><li>We might get a reasonable amount of flak for this article, as many investors <a href="https://www.reuters.com/markets/us/new-fed-research-flags-rising-risk-us-recession-2022-12-30/" target="_blank" rel="noopener">fear a recession</a>, and concurrently are staying away from high-yield bonds.</li><li>However, credit spreads are narrowing, and the equity market is receiving substantial support.</li><li>Thus, we believe the time is right to "risk it" on cyclical, high-yield corporate bonds with favorable interest rate sensitivity.</li></ul>

We might get a reasonable amount of flak for this article, as many investors fear a recession, and concurrently are staying away from high-yield bonds.However, credit spreads are narrowing, and the equity market is receiving substantial support.Thus, we believe the time is right to "risk it" on cyclical, high-yield corporate bonds with favorable interest rate sensitivity.

HYDB: Optimistically Backing High-Yield Corporate Bonds