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Junk-Bond Funds Face Growing Risk of Telecom and Tech Defaults

 

Last year's TMT love-fest has hit junk bond highyieldbonds funds as hard as tech funds.

  • Bank Stocks to Avoid as Credit Worries Mount
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  • Credit Quality Issues Rear Their Ugly Heads Again
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    Over the past few years, investors fell in love with little companies in the technology, media and telecommunications sectors. This year, some of these companies, particularly in telecom, have hit the skids, sending tech and telecom funds down more than 15% since Jan. 1, according to Morningstar. ...

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