Opinions
Keith Summers
SPDR Portfolio Long Term Corporate Bond ETF ()
SPLB-N
DON'T BUY
Mar 25, 2013
$40.320
Stock price when the opinion was issued
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Great idea because it is harder to buy bonds retail and you pay more as a retail investor. Holding them through an ETF is a much better way to go and as well you get diversification. This one is not particularly big and is focused on really long term corporate. These are not part of the QE mechanism. He is worried if bond yields go up then the price on the ETF will be hurt. They don’t tell you the credit rating, but in 10 years they must be all blue chip companies.