The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) , brought in nearly $1.2 billion in cash over the past week, according to FactSet.
Investors bought into the iShares Broad USD High Yield Corporate Bond ETF (USHY) .
The interest in high yield debt comes ahead of next week's Federal Reserve meeting.
"High yield's kind of in a sweet spot right now.
The spread between high yield and safer debt could widen in coming months if the labor market continues to weaken, but the high yield market appears to be of better quality than in previous economic cycles, Silapachai said.
Persons:
It's, Komson Silapachai, Silapachai
Organizations:
Investors, Sage Advisory, P Regional, Corporate
Locations:
Austin , Texas