The junk bond sell off continued for the third day on Monday. Several major asset managers were also affected by the wide ranging sell off. A section of investors said it was becoming difficult to offload their junk bond
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P 500 ETF ( SPY ), where 22,750,000 units were destroyed, or a 2.6%