- For years sovereign debt has been the globe's most-hated asset, but that title now goes to junk bonds, according to a Bloomberg poll. Of those surveyed, 18% - if given one asset class to short - would short high-yield. Least-favored shorts at just 3% and 4% respectively are G-7 currencies and real estate.
- Searching for an after-the-fact reason: Slowing global growth makes it harder for the lowest-rated companies to pay their bills.
- ETFs: HYG, JNK, HYLD, SJB, IHY, ANGL, HYLS, PGHY, UJB, HYXU, XOVR, QLTC, IJNK
- As for the most-favored, it's developed market stocks, with 24% willing to go long if given the opportunity to buy just one asset class. Just 3% would choose junk bonds.