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

|By:, SA News Editor

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.