ETFs › JNK
SPDR Bloomberg High Yield Bond ETF (JNK)
Offers investors a gateway to the often turbulent waters of the US high-yield corporate bond market. Tracking the Bloomberg High Yield Very Liquid Index, it provides exposure to a swath of below-investment-grade corporate debt, colloquially known as "junk bonds." Since its 2007 debut, JNK has attracted investors seeking higher yields than those available from investment-grade bonds or Treasuries. However, this potential for increased income comes hand-in-hand with elevated credit risk: the underlying companies are more susceptible to default, particularly during economic downturns. As such, JNK serves as both a barometer of risk appetite and a tool for yield-hungry investors willing to stomach increased volatility.