What is a junk bond fund? What type of investor might be attracted to junk bond funds? Junk bond funds: (Select the best answer below.) also known as high-yield bond funds, focus on risky bonds issued by firms with higher default risk. These bonds offer higher yields to entice investors to sell them. also known as default bond funds, focus on risky bonds issued by firms with higher default risk. These bonds offer higher yields to entice investors to buy them. also known as high-yield bond funds, focus on risky bonds issued by firms with higher default risk. These bonds offer higher yields to entice investors to buy them. also known as high-yield bond funds, focus on less risky bonds issued by firms with lower default risk. These bonds offer higher yields to entice investors to buy them. What type of investor might be attracted to junk bond funds? (Select the best answer below.) Some investors are willing to assume a lower risk in order to generate higher overall returns. Some investors are willing to assume a higher risk in order to generate lower overall returns. Some investors are willing to assume a lower risk in order to generate lower overall returns. Some investors are willing to assume a higher risk in order to generate higher overall returns