High-Yield ETF Sees Nearly $400 Million One-Day Outflow

SPDR Barclays High Yield Bond ETF (NYSEArca: JNK) experienced redemptions of nearly $400 million on Monday but the corporate junk debt fund still holds $11.6 billion as investors scrounge for yield. JNK saw outflows of $378 million on Monday, the second-highest daily redemption in the ETF’s...