Hedge Fund Trims Investment-Grade ETF if Favor of Junk Fund

(Bloomberg) Tudor Investment Corp., the hedge fund run by Paul Tudor Jones, is not among the investors fearing high-yield corporate bonds.During the second quarter, Tudor Investment Corp. trimmed its stake in the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) while building a stake in the iBoxx $ High Yield Corporate Bond ETF (HYG) worth $145.4 million at the end of the quarter, according to Bloomberg.

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