The iShares Broad USD High Yield Corporate Bond ETF, which comes with the ticker USHY, will give investors exposure to junk-rated debt for less than half the cost of its flagship high-yield fund, HYG.
Funds that are supposed to protect portfolios in a market crash have lost nearly $2.8 billion.
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Investors are holding onto cash waiting for the correction to come, PURE offering cyber fraud insurance and Northern Trust teams with Wharton on family office research.
After advisors complained about the limited time frame, the firm has extended the transition period for them to make changes before its new commission-free ETF lineup goes into effect.
Bond fund inflows running near record pace this year, while savings account inflows drop to nine-year low.