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The Largest Junk Bond ETF Just Experienced Its Largest Outflow In History
Friday, May 6, 2016 - 12:18pm | 340Bloomberg reported on Thursday that the largest exchange traded fund that holds junk bond assets is under heavy selling pressure. The iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG) has seen $2.6 billion in outflows over the past four days while short interest in the ETF rose more than 80...
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Yes, This Junk Bond ETF Is Sufficiently Liquid
Friday, May 6, 2016 - 9:22am | 524Arguably the biggest source of controversy surrounding high-yield bond exchange-traded funds has been the ability of these products to remain sufficiently liquid during times of elevated market duress. With size and liquidity being important factors to many professional investors, that might be why...
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A Heavenly High-Yield Destination
Wednesday, April 13, 2016 - 2:19pm | 556High-yield corporate bond exchange-traded funds are back in style this year. That much is confirmed by the rising tide of assets into these ETFs coupled with the surge in volume. Of course, the pillars of the junk bond ETF community are raking in the assets and garnering plenty of attention in the...
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Jumping For Junk: High-Yield Bond ETF Volume Rises
Tuesday, April 12, 2016 - 8:34am | 506As exchange-traded funds have become important parts of professional investors' toolboxes and as concerns about high-yield bond market liquidity have at various points in recent years surfaced, professionals have increasingly turned to junk bond exchange-traded funds. That much is confirmed not...
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Junk Bonds See Highest Inflow Ever
Friday, March 4, 2016 - 5:24pm | 247US-based junk bond funds generated their highest inflows since record keeping began in 1992, according to funds flow data tracked by Lipper that showed high-yield bond funds attracted $5 billion in net inflows this week. Junk bonds that pay high yield to bondholders as the borrowers don't have any...
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Divergences Between Equities, High-Yield Bond ETFs
Thursday, January 28, 2016 - 9:52am | 501Amid a spate of energy issuer defaults and downbeat performances by CCC-rated issues, tensions are running high in the U.S. junk bond market. Last year, the iShares iBoxx $ High Yield Corp Bond (ETF) (NYSE: HYG) and the SPDR Barclays Capital High Yield Bnd ETF (NYSE: JNK), the two largest junk bond...
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Size Matters With Junk Bond ETFs
Thursday, January 14, 2016 - 9:28am | 577The iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG) and the SPDR Barclays Capital High Yield Bnd ETF (NYSE: JNK), the two largest high-yield corporate bond exchange-traded funds, along with other junk bond ETFs endured plenty of controversy last year. If flows data are any indication,...
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Barron's Cover Story: This Year's Best Income Ideas
Saturday, January 2, 2016 - 9:47pm | 585The cover story in this weekend's Barron's offers a look at how to get yields of up to 9 percent in 2016. Junk bonds and high-dividend stocks topped the annual survey, while Treasurys and MLPs brought up the rear. Other feature stories offer top picks from advisors and fund managers. Cover Story...
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More Troubling Energy News For Junk Bond ETFs
Monday, December 14, 2015 - 7:45am | 783A big reason for the recent surge in activity (and volatility) surrounding high-yield corporate bond exchange traded funds, such as the iShares iBoxx $ High Yield Corp Bond ETF (NYSE: HYG) and the SPDR Barclays High Yield Bond ETF (NYSE: JNK), is increasing concern that the junk bond market will...
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Going High Class With A Junk Bond ETF
Monday, November 23, 2015 - 9:51am | 618As the name and the credit ratings imply, junk bonds are not the five-star hotels of the fixed income universe. It is the high yields that lure investors to junk bonds and exchange traded funds, such as the iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG) and the SPDR Barclays Capital High...
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An Alternative For Sticking With Junk Bond ETFs
Thursday, August 6, 2015 - 3:18pm | 515High-yield corporate bond exchange traded funds have recently endured ample criticism. Carl Icahn even went so far as to call BlackRock, Inc. (NYSE: BLK), the world's largest asset manager and issuer of the iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG), dangerous due to its high-...
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High-Yield Bond ETFs Grapple Higher
Thursday, April 16, 2015 - 2:16pm | 569High-yield bonds, otherwise known as junk bonds, have traveled an arduous path over the last twelve months. These decidedly sensitive credit securities fell out of favor in the fourth quarter of 2014 as fears over wavering stock gains spilled over into riskier fixed-income assets. Nevertheless...
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Is It Time To Get Out Of High-Yield Debt?
Monday, September 29, 2014 - 9:14am | 602After five years of near-zero interest rate policy and several rounds of quantitative easing (QE), a sell-off in junk bonds is gaining momentum. Capital inflows into junk bond portfolios and high-yield ETFs were very robust until the Federal Reserve began its QE tapering program. With QE3...
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High Yield Bond ETFs Have Hit A Plateau
Wednesday, July 9, 2014 - 9:19am | 555The high yield bond market has continued to reap the benefits of low interest rates and a hunger for yield that has fixed-income investors climbing down the credit ladder. This healthy demand has helped push prices in many junk bond ETFs to all-time highs, which in turn has pressed yields near...
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Junk Bond ETFs Rebound
Monday, August 12, 2013 - 1:03pm | 753Exchange traded funds offering exposure to high-yield bonds were decked in May and June on fears of Federal Reserve tapering and the subsequent rise in 10-year Treasury yields. It was a vexing scenario that challenged investors' affinity for a previously beloved income-generating asset class....