One Junk-Bond Buyer Just Saved $600,000 With 21-Second ETF Trade
- Fee on BlackRock’s USHY is lower than on State Street’s JNK
- The trade is another sign of investors’ high cost sensitivity
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It could be the quickest return on an investment this year.
An investor looks to have saved hundreds of thousands of dollars on Thursday by switching from one exchange-traded fund focused on junk bonds, to a cheaper ETF with a similar strategy. All told, the transactions took 21 seconds, and could reduce the trader’s investment bill by about $600,000.