Saturday, March 28, 2020

Huge Weekly Inflows For Corporate Bond ETF

Here is the article.

It was another volatile week on Wall Street, as the S&P 500 sagged to a three-year low on Monday before rocketing up by 17.6% over the next three sessions, the best three-day stretch since the 1930s.
Yet, overall ETF flows didn't reflect all that activity. On net, a mere $2.8 billion flowed out of U.S.-listed ETFs during the week ending Thursday, March 26. That puts year-to-date inflows at $66.8 billion, still ahead of last year's $48.1 billion pace.

Huge Inflow For 'LQD'
While headline flows figures were rather tepid, individual ETFs saw a flurry of activity. The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) had $5.2 billion of inflows this week, a sizable haul for the $35 billion fund. On Monday, the Federal Reserve announced a new facility that would purchase investment-grade corporate bond ETFs to help thaw strained credit markets. 



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