Salient to Investors:
BlackRock’s junk bond ETF reported an outflow of 2.4 million shares yesterday, the biggest daily withdrawal in its five-year history.
The five largest junk-bond ETFs have lost $1.97 billion of assets since Sept. 20 as investors sour on a four-year rally in junk debt.
Read the full article at http://www.bloomberg.com/news/2012-11-14/blackrock-s-junk-bond-etf-has-record-withdrawals-as-rally-fades.html