Junk-Bond Fund Deposits Soar to Highest This Year as ETFs Lead – Bloomberg 09012012

Salient to Investors:

EPFR Global report junk-bond funds saw inflows of $3.63 billion last week, the biggest rise since the week ended  Oct. 26 2011 – Junk ETFs accounted for 40 percent of all U.S. flows.

Matthew Tucker at BlackRock said more institutional investors are buying ETFs causing a scarcity of bonds. Most bond proceeds are for paying off existing debt.

Bank of America Merrill Lynch report junk bond yields at a record 6.95 percent on Sept. 19.

Read the full article at http://www.bloomberg.com/news/2012-09-21/junk-bond-fund-deposits-soar-to-highest-this-year-as-etfs-lead.html