Bloomberg News

State Street’s Junk ETF Sees Biggest Redemptions Since 07

May 11, 2012

State Street Corp. (STT:US)’s $11.4 billion exchange-traded fund (JNK:US) recorded the biggest redemption of shares yesterday in more than four years, according to data compiled by Bloomberg.

The SPDR Barclays Capital High Yield Bond ETF (JNK:US) saw redemptions of (JNKSO:US)19.7 million shares, equivalent to about $779.3 million of market value, Bloomberg data show. That’s the largest decline in shares outstanding for the fund since Dec. 3, 2007.

To contact the reporter on this story: Lisa Abramowicz in New York at labramowicz@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net


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Companies Mentioned

  • STT
    (State Street Corp)
    • $70.44 USD
    • -1.42
    • -2.02%
  • JNK
    (SPDR Barclays High Yield Bond ETF)
    • $40.55 USD
    • -0.40
    • -0.99%
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