ETFs & Mutual Funds
Billions Flood Into Junk Bond ETFs Despite Wall Street’s Warning
- HYG sees biggest inflow of any fixed-income ETF in past week
- Yields are ‘too good to be short’ on junk debt: CreditSights
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Investors are piling into junk bond exchange-traded funds even as Wall Street sounds the alarm bell for 2023.
Of the nearly $11 billion that flooded into fixed-income ETFs in the past week, the iShares iBoxx High Yield Corporate Bond ETF’s (ticker HYG) $1.6 billion haul was the most of any fund, Bloomberg data show.