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☆ These new ETFs will help investors target a lucrative part of the corporate bond market
▼ + stars: | 2024-01-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

BondBloxx is set to debut three new funds on Thursday: BBB Rated 1-5 Year Corporate Bond ETF (BBBS) , BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and BBB Rated 10+ Year Corporate Bond ETF (BBBL). Bonds rated BBB or an equivalent are considered the last rung of investment grade credit. Tony Kelly, co-founder of BondBloxx, said BBB credit is the "not-so-secret sauce" for active managers trying to beat credit benchmarks. Of course, economic downturns are always a concern for corporate credit. This is not unusual for corporate bond funds since banks and other financial institutions issue a lot of short-term debt, but it does suggest that the funds could have some concentration risk.

Persons: Bonds, Rick Rieder, Tony Kelly, BondBloxx, Kelly, Lauren Goodwin, Goodwin Organizations: BBB, Corporate, New York Life Investments, Reserve Locations: BondBloxx

☆ These new bond ETFs will let investors target specific parts of the corporate market
▼ + stars: | 2024-01-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

A new group of bond funds aims to give investors a way to bet on specific segments of the corporate bond market, potentially creating more control in an interest rate environment that looks to be volatile in 2024. F/m Investments announced Wednesday that it will launch three corporate bond funds targeting certain times to maturity. The new suite of funds starts with three offerings: a 2-Year Investment Grade Corporate Bond ETF (ZTWO), a 3-Year Investment Grade Corporate Bond ETF (ZTRE) and a 10-Year Investment Grade Corporate Bond ETF (ZTEN). Benchmark series, which F/m launched starting in 2022 and gives investors tools to target specific maturities on the Treasury curve. Corporate bond defaults soared 80% in 2023, though most of the damage was done from lower-rated and heavily indebted companies.

Persons: Alexander Morris, Morris Organizations: Investments, Corporate, U.S, U.S . Treasury Locations: U.S

☆ How to lock in bond funds returning up to 12% to beat next year's 'hard-ish' landing, according to a chief strategist with $415 billion in fixed income
▼ + stars: | 2023-11-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Last month, bond yields made a comeback and the 10-year Treasury note hit roughly 5%, the highest since 2007. On the other end, bond risk comes from the borrower's ability to pay back their obligation. For investors who want higher income, Bory recommends considering a mutual fund or a commingled fund that provides that diversification. Popular examples of corporate bond funds include the MainStay MacKay High Yield Corporate Bond Fund (MHCAX), Goldman Sachs High Yield Fund (GSHIX), and High Yield Spectrum Fund (PHSIX). Below is a list of Morningstar analysts' favorite high-yield bond funds that have the highest "Gold Medalist" rating.

Persons: George Bory, Bory, MacKay, Goldman Sachs, Allspring, It's, Acct, Rowe Price Organizations: Business, Allspring, Investments, Fed, AAA, BBB, Bond Fund, Fund, Morningstar, PIA Locations: Allspring, US

☆ Global equity funds experience notable outflows amid U.S. yield worries
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Investors pulled out a net $7.46 billion from global equity funds during the week, extending outflows into a sixth straight week, data from LSEG showed. European equity funds logged about $7.39 billion worth of outflows during the week, the biggest amount since Sept. 28, 2022. Investors also divested $2.69 billion worth of U.S. equity funds but poured $2.53 billion in Asian funds. Investors also accumulated $18.3 billion worth of money market funds after $108.7 billion worth of net selling a week ago. Data covering 28,654 emerging market funds showed that investors exited EM equity funds of $2.55 billion, extending outflows into an 11th straight week.

Persons: Dado Ruvic, Gaurav Dogra, Patturaja, Alison Williams Organizations: REUTERS, Global, Investors, Reuters Graphics Reuters, Treasury, Commodities, Energy, Thomson Locations: outflows, LSEG, Bengaluru

☆ Here's how BlackRock's Rick Rieder is navigating the bond market sell-off in his outperforming ETF
▼ + stars: | 2023-10-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

BlackRock global fixed income CIO Rick Rieder said Friday that this year's bond market volatility has created opportunities to buy high quality yields on the cheap. The result is his new fund outperforming some of the biggest bond ETFs during the most recent sell-off. Aggregate Bond ETF (AGG) and 2.2% for the Vanguard Total Bond Market ETF (BND) , the two biggest bond ETFs. BINC 1M mountain BlackRock's BINC has held up better than major bond ETFs over the past month. "I think what people underestimate is the long end of the bond market, the 30-year Treasury, is about the same volatility as the stock market," he said.

Persons: Rick Rieder, Rieder, We've Organizations: BlackRock, Rieder, Aggregate Bond, Vanguard, Bond Market, CNBC, Treasury, Corporate Bond Fund, Fed, AAA, Mortgage, SEC Locations: BlackRock, Mexico, Brazil, Japan, iShares, United States, U.S

☆ Global bond funds register big outflows on rate worries
▼ + stars: | 2023-09-29 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

According to LSEG data, global bond funds suffered disposals of $3.25 billion on a net basis, compared with $2.29 billion worth of net purchases in the week before. High-yield bond funds booked $3.11 billion of net selling during the week, the biggest outflow in six months. Investors also shed $300 million worth of corporate bond funds while pouring about $2.35 million into government bond funds. Data showed global equity funds experienced a net $10.7 billion worth of outflow, the biggest in a week since Aug. 23. Data for emerging markets comprising 28,251 funds showed that equity funds’ outflows stood at $3.7 billion, the highest since June 7.

Persons: Brendan McDermid, outflows, ’ outflows Organizations: Reuters, New York Stock Exchange, REUTERS, U.S . Federal Reserve, European Central Bank, Bank of England, Investors, ’ Locations: New York City, U.S, outflows, outgo

☆ Investors can get a 5% yield with this corporate bond fund
▼ + stars: | 2023-08-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's income to be found these days in corporate bonds, and the Invesco Corporate Bond fund is one place to look. The actively managed fund invests mostly in U.S. corporate bonds, a majority of which are investment grade. That's because the fund also has a small portion of high-yield corporate debt holdings. Some 74% of the holdings are in U.S. corporate bonds, as of June 30. For example, Netflix and Occidental Petroleum had high-yield bonds that were upgraded this year, he said.

Persons: Matt Brill, Brill, ACCBX, He's, Morningstar, Thomas Murphy Organizations: SEC, North, ING Investment Management, Netflix, Occidental Petroleum Locations: North America, U.S

☆ Global money market funds draw biggest weekly inflow in 4-1/2 months
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

Investors ploughed $73.17 billion into money market funds in their biggest weekly net purchase since March 22, data from Refinitiv Lipper showed. U.S. money market funds attracted a net $40.88 billion in inflows while in Europe and Asia net inflows stood at $23.4 billion and $13.15 billion, respectively. Higher-risk equity funds suffered $11.71 billion worth of net selling, the biggest weekly outflow since June 21. Global corporate bond funds drew about $1.16 billion and government bond funds a net $2.71 billion, the biggest amount since July 12. Meanwhile, bond funds faced their biggest weekly net outflow in nine months at a net $1.74 billion.

Persons: Dado Ruvic, Lipper, Gaurav Dogra, Patturaja, Kirsten Donovan Organizations: REUTERS, Reuters Graphics, Federal Reserve, Reuters Graphics Reuters, Global, Thomson Locations: Saudi, China, Europe, Asia, Bengaluru

☆ Global equity funds see first weekly outflow in four weeks
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

July 21 (Reuters) - Global equity funds witnessed their first weekly outflow in four weeks in the week to July 19, reflecting concerns over slower growth in China and caution ahead of the Federal Reserve's policy meeting next week. According to Refinitiv Lipper data, global equity funds observed a net $2.67 billion worth of net selling in the week ended July 19, booking their first weekly outflow since June 21. Investors withdrew $3.04 billion from U.S. equity funds while purchasing Asian and European equity funds to the tune of $609 million and $336 million, respectively. Government and corporate bond funds attracted $627 million and $724 million worth of inflows, respectively. Meanwhile, data for 24,134 emerging market funds showed equity funds received $1.1 billion, the biggest weekly inflow since May 3, while bond funds obtained about $568 million, marking a third straight weekly inflow.

Persons: Gaurav Dogra, Patturaja, David Holmes Organizations: Global, Reuters Graphics Reuters, U.S . Commerce Department, Investors, Government, Thomson Locations: China, Bengaluru

☆ Global equity funds see over $15 bln in outflows on rate hike worries
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

Investors withdrew a net $15.12 billion from global equity funds which had seen net inflows of $16.04 billion a week earlier. The U.S. and European equity funds witnessed outflows of $16.47 billion and $1.81 billion, respectively, while investors pumped about $2.6 billion into Asian funds. Reuters Graphics Reuters GraphicsMeanwhile, investors withdrew a net $15.13 billion from money market funds, their second straight week of outflows. Among commodity funds, investors withdrew $498 million from precious metal funds, their fourth successive week of net selling. They also purchased $812 million of equity funds.

Persons: Jerome Powell, Financials, Gaurav Dogra, Patturaja, Vinay Dwivedi Organizations: Global, European Central Bank, Federal Reserve, Investors, Reuters Graphics Reuters, . House Financial, Bank of England, Healthcare, Energy, Thomson Locations: U.S, outflows, Bengaluru

☆ ETF trends reflect a wild first quarter for the stock market
▼ + stars: | 2023-03-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

It's the end of a wild first quarter for stock and bond investors, and ETF flows are reflecting that turmoil. The good news: Despite big market swings , equity and bond ETFs still saw overall inflows in the first quarter. ETF flows year to date: $70 billion inflows Consisting of: Equity: $24 billion inflows Fixed Income: $43 billion inflows Other (currency, etc. ): $3 billion inflows Source: ETF Store While that is still inflow, it is far less than has been typical in recent years. Much of that uncertainty can be seen in a notable pickup in money going into money market funds, traditionally a safe haven asset.

☆ Global equity funds see biggest weekly outflow in two months
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +2 min

March 3 (Reuters) - Global equity funds suffered their biggest weekly net selling in two months in the seven days to March 1 as global stocks fell after strong U.S. economic data stoked fears about further rises in interest rates. Data from Refinitiv Lipper showed global equity funds saw a net $13 billion worth of outflows in the week to March 1, the biggest amount since Jan. 4. Fund flows: Global equity sector fundsMeanwhile, global bond funds accumulated $6.83 billion worth of inflows, compared with just $1.46 billion worth of net purchase in the previous week. Government bond funds attracted $4.38 billion and corporate bond funds secured $3.56 billion with outflows from high-yield funds easing to a three-week low of $1.74 billion. Data for 23,732 emerging market funds showed equity funds drew an eighth weekly inflow, worth $1.56 billion, but bond funds remained out of favour for the third week with $924 million in outflows.

☆ Yields are popping again. Here's how investors can take advantage of that, according to the pros
▼ + stars: | 2023-02-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

How can investors ride on higher yields? Buy high-quality or short-term fixed income BlackRock Investment Institute said it likes high-quality credit and short-end government bonds "as interest rates stay higher for longer." "Fixed income finally offers 'income' after yields surged globally. "We believe that investors should hold around 2% of cash in their portfolios and should use short-term fixed income (anything below a 2-year maturity) as a proxy for cash," Alvarado added. Wells Fargo Investment Institute's tactical portfolios are allocating between 2% (for "aggressive growth investors") and 17% (for conservative income investors) to short-term fixed income.

☆ BlackRock's iShares flows top Vanguard's ETFs, fixed income on the up
▼ + stars: | 2023-01-11 | by ( Davide Barbuscia | ) www.reuters.com time to read: +3 min

NEW YORK, Jan 11 (Reuters) - BlackRock's iShares exchange traded funds (ETFs) gained more net flows than Vanguard's ETFs last year, according to estimates from industry tracker Morningstar, putting the world's biggest asset manager in the lead for the first time since 2019. Despite the yearly declines, net flows into ETFs, both globally and in the United States, were the second-highest ever last year, with BlackRock's iShares regaining the top position. Estimated net flows into BlackRock's global iShares ETFs amounted to about $220 billion last year against nearly $214 billion in estimated net flows into Vanguard's ETFs, according to Morningstar data. Net flows into Vanguard's ETFs had been higher in the prior two years. "For many investors, ETFs remained the vehicle of choice for low-cost, broadly diversified exposure to the stock and bond markets."

☆ Global equity funds record biggest weekly outflows in three months
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, investors offloaded a net $22.03 billion worth of global equity funds, marking their biggest weekly net selling since Sept. 7. read moreInvestors sold a net $26.65 billion in U.S. equity funds, although they purchased European and Asian equity funds worth $3.41 billion and $990 million, respectively. Fund flows: Global equity sector fundsMeanwhile, global bond funds attracted $8.54 billion in inflows after witnessing outflows for four weeks. Corporate bond funds received $2.17 billion, and government bond funds drew $1.06 billion, the biggest weekly inflow in three weeks, while outflows from short- and mid-term bond funds eased to a 16-week low of $272 million. According to data available for 24,734 emerging market (EM) funds, equity funds saw outflows of 1.06 billion after two straight weeks of inflows, but investors purchased $1.35 billion worth of bond funds.

☆ Analysis: Investors warm to European corporate bonds after a brutal year
▼ + stars: | 2022-11-23 | by ( Harry Robertson | ) www.reuters.com time to read: +4 min

A net $3.62 billion flowed into BlackRock's exchange-traded products which track investment grade European corporate debt in the 30 days to November 17. This has buoyed government bond prices, pushing their yields down, and boosted riskier assets such as corporate bonds and stocks. The iBoxx euro corporate bond index (.IBBEU003D) has risen almost 4% since hitting an eight-year low in October, although it remains down 13% for the year. Goldman Sachs strategists recently told clients that one- to five-year European corporate bonds are "very attractive". They said they're more appealingly priced than U.S. corporate debt, with many investors overly pessimistic about the outlook for Europe's economy.

LONDON, Nov 18 (Reuters) - Inflows into global equity funds hit their highest level in 35 weeks in the week to Wednesday, according to a report from Bank of America (BofA), as investor optimism brightened. Investors poured a net $22.9 billion into equities, BofA said, citing EPFR data, and $4.2 billion into bonds. They pulled $3.7 billion from cash funds and $300 million from gold. U.S. equity funds saw inflows just shy of $24 billion in the week to Wednesday, BofA said. Money flowed into emerging market (EM) equities for the fourth week running, at $1.9 billion.

☆ What traders are thinking about before the big Fed decision Wednesday afternoon
▼ + stars: | 2022-09-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The S & P 500 is about 70 points below where it was at the close of the last Federal Reserve meeting on July 27. The last several Fed meetings have seen the S & P close up on the announcement day, but there's no pattern after that. After the May 4 meeting, the S & P dropped three days in a row, and after the March 16 meeting, a rally continued for several days. Corporate bond funds are also at new lows, including the Vanguard Short-Term Corporate Bond ETF (VCSH) and the iShares Investment Grade Corporate Bond ETF (LQD) . Remarkably, there have not been outflows from these funds, likely because they have strong institutional support and broad bond funds like these tend to be "sticky."

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