Aug 12/14 – The typical HYG investor

One of the big problems with the Fed’s ZIRP (zero interest rate policy) is the fact that it has sent a lot of investors out the risk curve. Many of these investors have bought high yield and junk bonds in an attempt to pick up a little yield. But in a lot of cases, these products are not suitable.

This move out the risk curve has been a long grinding aff…