4 ms·
If an ETF is composed of junk-grade bond debt, should the ETF also be considered junk-grade? How can the ETF remain "investment grade"?
by JMTQp8lwXL 7y ago
If an ETF is composed of junk-grade bond debt, should the ETF also be considered junk-grade? How can the ETF remain "investment grade"?
- trhway 7y agolast time the Wall St wizards were able to do that with the junk mortgage bonds. Slice and dice. Junk in, triple-A out. And as far as i see the wizards are still there.