This could be the most dangerous ETF in the world right now

From ETF Trends:
Some combinations  think peanut butter and jelly, or autumn and football 
are tried and true. Others are just trying. At least, that is the current state of affairs for emerging markets ETFs that hold high-yield bonds.
Individually, emerging markets debt and high-yield have hit a rough patch. On Tuesday, the PowerShares Emerging Markets Sovereign Debt Portfolio (PCY) hit a new 52-week low. In the past month, the SPDR Barclays High Yield Bond ETF (JNK) is down almost 4%.
The iShares Emerging Markets High Yield Bond Fund (NYSEArca: EMHY) is enduring its own woes as investors are scurrying out of both emerging markets and junk debt amid lingering fears about rising rates in the U.S…
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