Hedge Funds Flock to Junk Bond ETFs
February 24, 2015 at 13:30 PM EST
Rather than scouring the universe of high-yield corporate debt for specific issues, hedge funds are increasingly turning to exchange traded funds for exposure to junk-rated corporate bonds. ETFs such as the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) and the SPDR Barclays High...