Are High-Yield ETF Flows Reversing After Buying Spree?
May 25, 2012 at 09:27 AM EDT
Investors have pumped billions of dollars into high-yield bond ETFs this year, leading some to speculate this new source of inflows has propped up the junk debt market. However, high-yield mutual funds and ETFs recorded net outflows of about $2.5 billion for the week ended Wednesday, according to...