Still, Citi views junk bond ETFs such as HYG and JNK as “structurally sound.” The bank said these funds operated as expected during a tumultuous period, trading continuously while providing liquid exposure to the high-yield bond market. [Junk Bond ETFs Are Surviving and Thriving Again]
Since June 14, HYG and JNK are down an average of just 0.2%. The two are the largest high-yield bond ETFs with a combined $23.4 billion in assets under management.
SPDR Barclays High Yield Bond ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of HYG and JNK.