May 15, 2012 at 13:50 PM EDT
Investor Uses High-Yield ETF for Camouflage
A large investor tapped an ETF tracking high-yield corporate debt to conceal his trades and acquire about $780 million of bonds, according to a report. The unnamed investor last Thursday exchanged nearly 20 million shares of SPDR Barclays Capital High Yield Bond ETF (NYSEArca: JNK) for $779.3...
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