ETF Investors Are Ditching Corporate Credit for Treasuries
- Almost $1.4 billion yanked from funds holding corporate debt
- Ultra-short Treasury bond ETF sees record shares outstanding
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Investors in exchange-traded funds are done with corporate bonds.
At least that’s what you see in the recent flow numbers. Almost $1.4 billion fled three popular debt ETFs in the middle of the week, according to Bloomberg data. Among them is the largest ETF tracking high-yield bonds, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), which recorded outflows of $715 million, the most since a three-week selloff over a month ago.