Fallout for High-Yield ETFs After Big Trade, Moody’s Warning
May 30, 2012 at 09:16 AM EDT
Popular ETFs dedicated to high-yield bonds have faced a media backlash after a large investor reportedly used one of the funds to quietly acquire nearly $800 million worth of junk debt this month. Ratings agency Moody’s this week said more institutional trading of ETFs may create risks for...