Sep
07
Goldman Sachs’s New Bond ETF Shuns the Riskiest Debt
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High-yield bond fund, GHYB, aims to address default concerns
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Speculative-grade debt slumped in August, pushing up yields
Investors who like junk bonds but are nervous about last month’s high-yield selloff have a new vehicle that lets them avoid the riskiest debt.
Goldman Sachs Group Inc.’s latest exchange-traded fund, which has the ticker GHYB, will focus on high-yield corporate bonds deemed least likely to default, according to an announcement Thursday…