Money continued to flow into ETFs in March, picking up from February with a continued preference for higher-beta plays like small caps and foreign stocks. Bond investors however appeared more cautious where they put new money to work. Welcome to the April 2021 issue of Flow Charts, a monthly summary of fund flow data from…
Perhaps one of the most overlooked differences between a single bond and a bond fund is the fact that most bond funds never mature. The individual bonds in a fund of course all have maturity dates, but as time goes on the portfolio manager usually replaces older bonds (with less time to maturity) with newer…
Guggenhiem offers a suite of 18 fixed income ETFs called BulletShares that offer investors a fixed portfolio of corporate bonds all maturing in the same year. Investors can choose either investment grade or high yield flavors, with maturities ranging from 2017 to 2026 (Table 1). At the end of each target year, when all bonds in…
Twenty-sixteen is likely to go down as another record year for passive investments. According to Morningstar, investors plowed $429 billion into ETFs and other index funds in the first 11 months of the year, while yanking some $285 billion from traditional actively managed mutual funds. ETFs probably garnered about half of cash tsunami that flowed…
Investors have put record amounts into Emerging Market bond ETFs for the past two quarters. But with so much money chasing yields, is there still good value to be had? To find out, we examined the iShares J.P. Morgan Emerging Market Bond ETF (EMB), the largest and most liquid fund in this category, with about…