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High Rollers Are Flocking To ‘Hotel HYG’ In Record Numbers
FYI: The guest list of visitors to the world’s largest junk bond exchange-traded fund (ETF) is pretty impressive. When the iShares iBoxx $ High Yield Corporate Bond ETF–better known as HYG–began trading more than a decade ago, it was mostly thought of as a buy-and-hold product used by financial advisers and retail investors. Yet more and more big institutional investors are using it like a hotel—checking in and out in increasingly large sizes with an average stay of less than a month. Regards, Ted http://www.bloomberg.com/news/articles/2016-05-09/high-rollers-are-flocking-to-hotel-hyg-in-record-numbers
