Corporate bond ETFs HYG and JNK suffer outflows amid Fed jitters

Investors are dumping corporate Exchange Traded Funds (ETFs) as signs emerge that the Federal Reserve will maintain higher rates for longer because of the stubbornly high inflation in the US. Data by ETF.com shows that the iShares iBoxx USD High Yield Corporate Bond ETF (IYG) has shed over $2.2 billion this month, reversing the gains […]