3 High-Yield ETFs (Paying Up to 11%) to Avoid in 2021

Here at Contrarian Outlook , our beat is income, and we’re often asked for analysis on high-yield ETFs. Today, we’ll look at three funds paying up to 11% (yes, that’s no typo). I appreciate the ETF popularity. They’re cheap. They’re tax-efficient. They’re well-marketed. They’ve got cutesy tickers. But income investors who blindly buy into the hype, unfortunately, are not getting the most dividend for their dollar. The real dividend deals are found in ETFs’ lesser-known cousins, closed-end funds (CEFs), which often dish even bigger payouts (and a monthly cadence, to boot). CEFs can also trade at discounts to their net asset values, because they fly under Wall Street’s radar.… Read more
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