BlackRock, Inc. (NYSE:BLK): Junk-Bond ETF Had a Record Daily Withdrawal
Investors pulled a record volume of cash from BlackRock, Inc. (NYSE:BLK) exchange-traded fund that buys junk bonds, the iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG), as the notes lost value for the first month since May. Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds.
You can hear the full ”Bloomberg” segment: HERE
iShares iBoxx $ High Yid Corp Bond ETF (NYSEARCA:HYG)
The iShares iBoxx $ High Yield Corporate Bond Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the iBoxx $ Liquid High Yield Index, a corporate bond market index compiled by Markit Indices Limited.