Over the last three tumultuous years, Saba Capital Management’s assets have fallen to $1.95 billion from a high of $5.5 billion in November 2012.
Relatively speaking, the high yield bond funds are quite popular within the fixed-income ETF world.
High yield bond fund HYG saw inflows peak at close to $4.5 billion in 2012. High yield bond fund flows have turned negative since.
Fund flows in high yield bonds have turned negative.
Emerging market bonds have been one beneficiary of today’s low yield environment. Is it too late to allocate to this asset class?