Excerpt from CNBC quoting DataTrek’s Nick Colas:
…. “Follow the Fed.
In short, that is DataTrek Research co-founder Nick Colas’s advice for investors looking to add to the inflows in bond-based exchange-traded funds.
The Federal Reserve surprised investors with its recent decision to support the corporate bond market by buying some of its investment-grade assets and the exchange-traded funds that hold them.
Unsurprisingly, that unprecedented move should bode well for buyers of corporate bond ETFs, Colas said Monday on CNBC’s “ETF Edge”….
Watch Nick here on CNBC!