Developed high yield bond ETFs suffered the highest outflows across all asset classes in the week ending 10 November, according to data from TrackInsight, marking a turning point from the strong inflows seen since the start of the year.
The products saw outflows of €1.9bn for the period, well below positive average 12-week flow levels and after previously attracting inflows of €7.6bn for the year to the end of October. According to ICE BofAML indices, high yield is on track for its worst month since January 2016, having fallen 1.1% so far in November, the Financial Times reported. Investors in the sector have only experienced three negative months since March 2016, with each fall being less than 0.4%. Where are the most attractive income opportunities in the global bond sector? The recent selling pressure after...
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