In total, bond ETF assets regained their collection momentum as money moved in at a faster pace.
In aggregate, bond ETF assets now total over $1,163billion (excluding preferred stock funds).
Broad based, investment grade bond ETFs had May inflows of over $10billion and are the leaders in asset collection year-to-date.
Investor inflation concerns continue to be reflected in inflows of $3.48billion into TIPS related ETFs. Year-to-date TIP ETFs have seen $14.3billion in inflows.
Risk-Off is now Risk-On. Junk bond ETFs seem to have stemmed the outflows and now are about at the asset levels seen at the end of 2020.
As the prospect of rising rates seems to grow clearer, floating rate senior loans have attracted assets in 2021. Senior loan ETFs have seen a $5.9billion inflow year-to-date and $1.5million in the last 30-days.
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 5/29/2021.
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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