The Case Against Junk-Bond ETFs Where Managers Rout Indexes

Updated on
  • Over 80 percent of managed high-yield funds trump largest ETF
  • ETF liquidity a feature investors are willing to pay for

Tired of your stock manager? No problem, buy an exchange-traded fund that tracks the S&P 500. But if you’re sick of your junk-bond manager, good luck finding an ETF that can beat him.

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