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High-yield bond funds were stunningly attractive to investors.
Some high-yield bond exposure may also be appropriate.
High-yield bond funds were up nearly 50 percent.
It's been a boon to the high-yield bond market.
HIGH-YIELD bond prices fell sharply in the third quarter as investors fled risky investments.
He is an associate in high-yield bond research at Morgan Stanley in New York.
In October 1999, 17 high-yield bond issues raised $3.3 billion from investors.
Some $10.7 billion flowed out of high-yield bond funds, according to the AMG data.
As investors have removed risky investments from their portfolios, high-yield bond funds have suffered.
In the week that ended Wednesday, $439 million flowed out of high-yield bond funds.
Through Thursday, the average high-yield bond fund is up 22percentthis yearar.
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