Institutional Investors Jump On Cheaper Junk Bonds, ETFs
August 19, 2014 at 09:30 AM EDT
After retail investors dumped high-yield bonds and related exchange traded funds, institutional investors have stepped up, arguing that the junk debt market remains healthy and now appears cheaper than before. Since the August 1 low, the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG)...