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Posted by
Two Blokes May 3 -
Filed in
Stock
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3 views
The Angel Oak High Yield Opportunities ETF is actively managed, but has underperformed compared to the passively managed SPDR Bloomberg High Yield Bond ETF. This is largely due to bond beta, as well as positioning on similar parts of the yield curve to the passive index. Investors are cautioned that "active management" doesn't correlate to outperformance, even if there are some exceptions in other funds I've covered in the past.
