Junk Bond ETFs Gain Traction Despite Risk-Off Environment
February 05, 2014 at 15:18 PM EST
Undaunted by the recent volatility in risky assets, some investors are turning to speculative debt and junk bond exchange traded funds as they buy on the short-term dips. “A real dramatic freefall is unlikely in our opinion,” Michael Buchanan, a manager at Western Asset Management Co., said...