Crowded ETF Exit Proving Costly as Bonds Trail

Crowded ETF Exit Proving Costly as Bonds Trail

Jin Lee/Bloomberg

Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Corporate bonds have lost 3.1 percent this year as investors prepare for the Federal Reserve to end an unprecedented bond-buying program that fueled average annual gains of 13.5 percent from the end of 2008 through 2012.