> Bond mutual and exchange-traded funds now own 17% of all corporate bonds, up from 9% in 2008, according to the ICI. Purely an unintended consequence of the V

> Bond mutual and exchange-traded funds now own 17% of all corporate bonds, up from 9% in 2008, according to the ICI. Purely an unintended consequence of the Volcker Rule. Banks were penalized for holding corporate bonds, and needed to sell them somewhere.