Total bond ETF assets under management have grown and now total over $1,053billion, up approximately $21billion since month-end September.
Net bond ETF flows are a positive $174billion year-to-date
Broad based bond ETFs remain in vogue as 30-day inflows totaled over $12.5billion
“Risk-off” remains the trend as 30-day fund flows remain negative for high yield bond ETFs with an outflow of over $1.71billion however these outflows have slowed from $4.5billion loss in September.
Inflation seems to remain a concern but positive flows into TIP ETFs continue to slow down. 30-day inflows into TIP ETFs for were $1.26billion, down from $2.75billion for the month of September.
Winners year-to-date:
Investment grade corporate bond ETFs saw inflows of over $56.9billion year-to-date
Broad based bond ETFs have attracted over $51.5billion
High yield corporate bond ETFs have seen inflows of over $19.9billion
Laggards year-to-date:
Senior loan (Bank Loan) floating rate funds have seen outflows of $2.53billion
Long U.S. Treasury bond ETFs have seen net positive inflows of $1.2billion
Source:ETF Action. Table is provided for illustrative purposes only. Past performance is not a guarantee of future results. (1) Not all ETFs or asset classes represented here. (2) Excluding floating rate. FactSet classifications are used. Data as 10/16/2020.
At the time of this writing, JR Rieger’s fixed income related holdings include various investment grade & high yield municipal bonds, insured municipal bonds, municipal bond money market funds and a position in the VanEck Vectors High-Yield Municipal Index ETF (HYD)
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