FYI: These are trying times for high-yield corporate bond investors. The widely followed Markit iBoxx USD Liquid High Yield Index is modestly higher on a year-to-date basis, but a massive chunk of the shares outstanding in the largest junk bond exchange traded fund are sold short as traders fret about the impact of higher interest rates on high-yield corporate debt.
FlexShares, the ETF unit of Northern Trust Corp. NTRS, -2.04% added to its lineup of smart beta bond funds Wednesday with the debut of the FlexShares High Yield Value-Scored Bond Index Fund HYGV, +0.00%
Regards,
Ted
https://www.marketwatch.com/story/finding-value-in-a-new-high-yield-etf-2018-07-18-16461635/print
