Money exits high-yield

|By:, SA News Editor

The SPDR High Yield Bond ETF (NYSEARCA:JNK) has lost nearly 30% of its assets since the start of the year, with AUM now standing at $9.78B at last check. The fund is down 2.4% YTD (this doesn't include the roughly 6% yield).

Spreads are on the rise amid the equity selloff, with the Bloomberg Barclays High Yield Index spread closing yesterday at 346 basis points vs a 10-year low of 311 bps hit on Jan. 26.

ETFs: HYG, JNK, DHY, HIX, EAD, PHT, HYT, HYLD, JQC, ACP, ANGL, CIK, MCI, DSU, SJB, KIO, NHS, CIF, ARDC, IVH, GGM, AIF, MPV, FHY, PHF, JSD

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