September 07, 2012 at 09:55 AM EDT
High-Yield ETFs: Defaults Jump in August
High-yield ETFs that invest in speculative-grade corporate debt have raked in cash in 2012 and risen to one-year highs. However, a spike in defaults last month is a reminder of the sector’s risks. The spread or yield differential between high-yield bonds and Treasuries continues to narrow as...
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