Hi TF, Re: Owning both CHI and CHY..............
There's no diversification benefit or at least not much, but sometimes one is selling at a higher yield relative to the other. CHI has greater leverage and therefore greater volatility which has, in this environment brought about a nice premium in yield over CHY.
It's only in a couple of accounts where I own both.
Best regards, Tom
Port Washington, WI 53074