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