Seeking Alpha

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.
Comments (1)
  • 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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