April brings more volatility in the fund flows for bond ETFs. Assets Under Management (AUM) of fixed income ETFs ended at $888billion.
As reported by ETF Action:
During the last five business days bond funds have gained $5.48billion in flows
Net flows for the year remain positive at a whopping $32.8billion
Investment grade corporate bond ETFs saw inflows of over $11.9billion
High yield bond ETFs saw inflows of over $4.4billion
Outflow leaders year-to-date:
U.S. Treasury inflation linked ETFs have seen outflows of over $3.8billion
Broad based bond funds saw outflows of over $2.8billion
Bond ETF Assets Under Management
Source:ETF Action. Table is provided for illustrative purposes only. Past performance is not a guarantee of future results. (1) Not all ETFs represented here. (2) Excluding floating rate. FactSet classifications are used. Data as 4/30/2020.
At the time of this writing, JR Rieger’s fixed income related holdings include investment grade individual municipal bonds, insured municipal bonds, a municipal bond money market fund and a position in the VanEck Vectors High-Yield Municipal Index ETF (HYD).
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