New Junk-Bond ETFs Are Born of Fed Moral Hazard

BondBloxx Funding Administration LLC, which launches on Thursday, plans to run seven separate ETFs that break down the high-yield debt market by sector, Bloomberg Information’s Tasos Vossos reported. It intends to make use of the roughly 2,100 bonds within the ICE BofA U.S. junk bond index to fill funds targeted on monetary, industrial, telecommunications, health-care, vitality, client cyclical and client noncyclical firms. The members of BondBloxx’s workforce have collectively launched 350 ETFs of their earlier roles. | New Junk-Bond ETFs Are Born of Fed Ethical Hazard


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