NEW YORK ( TheStreet) -- Fleeing risky assets, investors have been selling high-yield bonds, which are rated below-investment grade. High-yield funds have dropped 3.8% in the past month, according to Morningstar. In August, investors withdrew $4.2 billion from high-yield funds, according to Lipper.But after the recent declines, the bonds look intriguing. High-yield securities currently yield 8.8%, an attractive level at a time when money markets pay virtually nothing and five-year Treasuries yield 0.90%. By adding a small dose of high-yield bonds, you can diversify a bond portfolio and possibly boost returns.
3 High-Yield Funds Rekindling the Flame
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