Junk-Bond, Loan ETF Outflows Among Biggest Ever Amid Turmoil
- Traders pull $900 million from HYG, $240 million from loan ETF
- Trade tensions and growth worries have weighed on risk assets
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The volatility in global markets is wearing on exchange-traded funds that buy risky corporate debt as investors pull money out.
Traders yanked $907 million from BlackRock Inc.’s iShares iBoxx High Yield Corporate Bond exchange-traded fund, or HYG, on Monday, the third-largest ever and most since October, data compiled by Bloomberg show. State Street Corp.’s SPDR Bloomberg Barclays High Yield Bond fund, or JNK, saw $381 million of outflows the same day.