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BlackRock Lauches Niche Junk Bond ETFs

TedTed
in The Bullpen
FYI: BlackRock (BLK), the world’s largest asset manager and ETF provider, moved on Thursday to muscle into the market for niche junk bond exchange-traded funds.
BlackRock launched the iShares Fallen Angels USD Bond ETF (FALN), a fund that targets what are known as crossover credits, or fallen angels — bonds that have moved from investment-grade to non-investment grade, or junk.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2016/06/16/blackrock-lauches-niche-junk-bond-etfs/tab/print
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