Junk Bond ETFs: April 1 Changes for ‘CJNK’ and ‘JNK’

Changes are coming for the SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (NYSEARCA: CJNK). Effective April 1, CJNK “will change its index strategy and name, and decrease its expense ratio by 25 basis points to provide investors with low cost, broad high yield exposure,” according to a...