High-Yield ETFs vs. High-Yield Mutual Funds
Monday, May 3rd, 2010Tom Lydon submits:
ETFs may have siphoned billions of investment money out of mutual funds in the past year, but when it comes to high-yield bonds, mutual funds are bringing a competitive game.
In March, more than $1 billion found its way into two of the largest high-yield ETFs: the iShares iBoxx $ High Yield Corporate Bond (NYSEArca: HYG) and SPDR Barclays High Yield Bond (NYSEArca: JNK), indicating investors’ growing interest in high-risk/high-yield bonds and increasing confidence in the economic recovery, comments Don Dion for TheStreet.
