Missing Variable
Uncovering a Hidden Junk-Bond ETF Fee
A more realistic assessment accounts for the underperformance against the benchmark index.
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Investors have been flooding into exchange-traded funds because they think they're cheap.
But costs are tricky, and assessing them can be more complicated than simply looking at how much funds say they cost. This is especially true in less-traded debt, such as speculative-grade bonds, which tend to be more unpredictable and expensive to trade.