Crisis Corporate Bonds

The flipside of the CWC equity holdings is what I call CWC debt assets. These are the Crisis Winner Companies that issue corporate bonds. Here you want to own the highest rated, highest quality investment-grade bonds, as they offer extremely attractive yields, and are generally able to weather most types of market storms. Companies such as AT&T (T), Comcast Corp. (CMCSA) and Wal-Mart (WMT) all offer outstanding corporate bonds. Investors can get exposure to these and a variety of other top-flight corporate bonds via the iShares iBoxx $ Investment Grade Corp. Bond ETF (LQD). The yield on this fund was 4.28% as of March 31, and over the past five years the fund has enjoyed a steady climb of 8.61%.