Subscribers

High-yield funds go bananas as junk-bond rout worsens

London

AS US markets swim in sea of red, trading in the largest high-yield exchange-traded funds has skyrocketed to dizzying levels.

The iShares iBoxx High Yield Corporate Bond ETF, Blackrock Inc's US$18.7 billion fund, saw volume spike over five times higher than its average level at 1.19pm on Thursday...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes