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A $10 Billion ETF Is Smashing Records Amid the Junk-Bond Binge: (IHYG)
FYI: As negative yields engulf everything from Brazil’s state oil company to Hungarian sovereign debt to euro junk, investors are seeking refuge in high-yield bond ETFs.
Europe-listed funds have attracted over 5 billion euros ($5.6 billion) since January, more than in any full year going back to at least 2010, according to data compiled by Bloomberg Intelligence. The largest exchange-traded fund tracking the debt -- BlackRock Inc.’s 8.5 billion-euro IHYG -- took in 640 million euros in the week ended July 5, smashing a record it set just two weeks before, the data show. Regards, Ted https://www.bloomberg.com/news/articles/2019-07-18/a-10-billion-etf-is-smashing-records-amid-the-junk-bond-binge?srnd=etfs
