BlackRock, Inc. (NYSE:BLK): Junk-Bond ETF Had a Record Daily Withdrawal

November 15, 2012 1:13pm NYSE:HYG

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.

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