Fixed-Income Investors Dump Junk ETFs for Government Bonds
July 06, 2020 at 16:50 PM EDT
As coronavirus cases spike again, bond exchange traded fund investors are trimming their exposure to riskier high-yield assets in favor of safe-haven U.S. government bonds. Investors dumped $2.6 billion from junk bond ETF last week, along with an additional $5.6 billion from high-yield mutual...