Despite the risk-off sentiment, the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) continued to entice yield hunters as the junk bond ETF experienced seven consecutive days of inflows, bringing in $1.6 billion since the end of June.

Invesco argued that the rising interest for high-yield debt may be due to the fact that this category has historically performed well in past rising rate environments – there have been 17 quarters since 1987 in which yields rose significantly and high yield bonds showed positive returns in 65% of the time. Invesco also offers a smart beta high-yield bond ETF, the PowerShares Fundamental High Yield Corporate Bond ETF (NYSEArca: PHB).

The iShares Core US Aggregate Bond ETF (NYSEArca: AGG), which tracks the investment results found in the Bloomberg Barclays U.S. Aggregate Bond Index, was also a popular play as it saw almost $1 billion in inflows since the second half of June.

For more information on the fixed-income market, visit our bond ETFs category.