November 19, 2012 at 12:30 PM EST
High-Yield ETFs Suffer Outflows Amid Record Bearish Bets
Investors have pulled over $1 billion from the two largest high-yield bond ETFs so far this month as options traders use the funds to make bearish bets against junk debt. Since the end of October, iShares iBoxx High Yield Corporate Bond (NYSEArca: HYG) has seen outflows of $859 million while...
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