Top 3 Highest Yielding ETFs: PSP, REM, HYG

High Yield ETfs offer many advantages, they hold well diversified portfolio, they are cost effective and liquid -easy to trade. To screen for the highest yielding ETFs, one must be careful to only screen for ETFs that have a low spread, or high volume that way they are not giving up any yield to the transaction spread.

Below is a list of the 3 Highest Yielding ETFs with over 100,000 in daily average volume.

Powershares Global Listed Private Equity(NYSEArca:PSP - News) tries to relicate before fees and expenses) to the price and yield of the Red Rocks Global Listed Private Equity IndexSM. This ETF currenly has a 11.38% dividend yield and has an expense ratio of 0.70% The top holding in this ETF is Leucadia National.

ishares FTSE NAREIT MG REIT Index (NYSEArca:REM - News) seeks to generate returns that correspond FTSE NAREIT All Mortgage Capped Index. This ETF has a 11.04% yield and an expense ratio of 0.48%. The top holding in the ETF is Annaly Capital Management.

SPDR Barclays Capital High Yield Bond (NYSEArca:HYG - News) seeks to relicate the performance of the iBoxx Liquid High Yield Index. This ETF currently yield 7.15% and has an anuual expense ratio of 0.50%. The top holding in this Lyondell Chemical 11%.