(Bloomberg) -- It’s said that timing is key to launching a successful ETF. If so, Goldman Sachs picked an odd moment to reveal its latest offering.

The New York-based finance firm is planning an ETF that will invest in high-yield corporate debt, according to documents filed Thursday with the SEC. That’s despite an ongoing exodus from junk bonds that saw $5.68 billion in fund assets desert the securities in the week ended March 15, the most since August 2014, according to Lipper U.S. Fund Flows data.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.