Junk Bond ETFs in the Ivy League
August 18, 2015 at 08:20 AM EDT
Count at least one well-known Ivy League endowment fund as an investor in major high-yield corporate bond exchange traded funds. Harvard Management Co., Harvard’s endowment manager, trimmed stakes in the iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) and the SPDR Barclays High Yield...