BlackRock Inc. (NYSE: BLK)'s iShares unit, the world's largest issuer of exchange traded funds, added to its already sizable lineup of fixed income ETFs Thursday with the debut of two focused high-yield corporate bond funds.
iShares introduced its take on fallen angel bonds with the iShares Fallen Angels USD Bond ETF (NASDAQ: FALN). Fallen angel bonds are corporate bonds that came to market as investment-grade issues, but were later downgraded to junk status.
That particular segment of the high-yield corporate bond market has been soaring this year because ...
/www.benzinga.com/trading-ideas/long-ideas/16/06/8122960/ishares-expands-high-yield-bond-etf-lineup alt=iShares Expands High-Yield Bond ETF Lineup>Full story available on Benzinga.com
More...