High-yield funds go bananas as junk-bond rout worsens
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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 in New York, according to data compiled by Bloomberg.
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