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Investors back away from junk, this week pulling the highest amount out of the 3rd largest...

  • Thursday, June 7, 2012, 2:20 PM ET
    Investors back away from junk, this week pulling the highest amount out of the 3rd largest high-yield ETF (PHB) since the fund's inception nearly 5 years ago. The 2 larger funds, (HYG, JNK) haven't been spared either. After a strong start to 2012, BAML's junk bond index has lost 1.7% since April's end.
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    I don't see the problem. Others may be using these funds as a piggy bank to buy rising stocks. All my ETFs are still paying their usual dividend and I have been adding during the decline. As the price goes down the yield goes up.
    7 Jun 2012, 04:22 PM Reply Like
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