March 11, 2020 / 6:11 PM / 3 months ago

U.S. closed-end high-yield bond funds fall

NEW YORK, March 11 (Reuters) - Closed-end high-yield bond funds fell on Wednesday - some by nearly twice as much as the broader high-yield market - as investors wary of risk pulled out of the leveraged products.

The DoubleLine Income Solutions fund was down 4.43%, the PGIM High Yield Bond Fund was down 4.17%, the Credit Suisse High Yield Bond Fund was down 2.31% and the Barings Global Short Duration High Yield Fund was down 2.97%.

Compare those losses to the performance of non-levered junk bond exchange-traded funds, like the SPDR Bloomberg Barclays High Yield Bond ETF down 2.08% and the iShares iBoxx High Yield Corporate Bond ETF was down 2.05%. (Reporting by Kate Duguid)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below