BlackRock Inc., the largest provider of exchange-traded funds, is opening four fixed-income ETFs today with defined maturity dates to appeal to institutional investors such as bank treasurers.
Exchange-traded funds in January attracted the most money in 16 months, driven by record deposits to bond ETFs.
Investors are directing a record amount of cash into U.S. municipal-bond exchange-traded funds and are poised to add more, helping to keep borrowing costs for local governments close to four-decade lows.
Funds that give everyone from retirees to institutional money managers easier access to junk bonds are fueling the biggest price swings in more than two years after their buying power surged 10-fold.
Tucker on Institutional Use of Fixed-Income ETFs (Audio)
BlackRock’s Tucker on Interest in Fixed-Income ETFs (Audio)
Tucker on Popularity of Fixed Income ETFs