Junk Bond ETFs Did Their Jobs as Stocks Tumbled
This article was originally published on ETFTrends.com.
High-yield corporate bond ETFs acted as expected during the recent equity market stress, providing efficient vehicles for price discovery as some junk-rated debt was pinched alongside stocks. The iShares iBoxx $ High Yield Corp Bd ETF (NYSEArca: HYG) is the largest high-yield corporate bond ETF in the U.S. HYG tracks the investment results of the [...]