Fixed income exchange traded funds were the toast of the town in September and that theme is continuing in October as each of the top four asset-gathering ETFs to this point in the month are bond funds and three of those four are corporate bond ETFs.
The iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE: LQD), the largest corporate bond ETF, has hauled in over $937 million in new assets this month, but that is less than half the $1.77 billion added by the SPDR Barclays High Yield Bond ETF (NYSE: JNK). Flows to LQD and JNK, the second-largest junk bond ETF, confirm investors are embracing corporate bond funds of all stripes.
This month's inflows to JNK and rival high-yield corporate bond ETFs are a reversal in trend from what was ...
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