Junk Bond ETFs See Heavy Outflows on the Risk-Off Trade
This article was originally published on ETFTrends.com.
Fixed-income investors pulled billions of dollars out of speculative-grade corporate bond-related ETF as the rising rates sparked credit risk concerns. Investors yanked more than $6 billion out of junk bonds in the past week, the largest outflows for the asset category since a previous bout of market volatility back in February, the Financial Times reports. [...]