More than a dozen municipal bond ETFs each gathered over $100 million of net inflows year to date, highlighting a diversity of popular offerings. The subcategory gathered $8.6 billion of new money and is on pace to exceed 2020’s flows.
Thematic funds also come out ahead; Bob Doll joins faith-based asset manager; State Street CIO retires; and Nuveen adds portfolio managers on both coasts.
The U.S. central bank accumulated roughly $8.6 billion worth of bond exchange-traded funds in 2020 as it worked to backstop markets amid a quickly descending pandemic.
The Fed plans to start the process with ETFs -- with the selling of corporate bonds to begin later in the summer. The aim is to complete the exercise by the end of the year.
Astoria Portfolio Advisors' John Davi, an Inside ETFs advisory board member, discusses trends in portfolio construction, how ETF investors are moving beyond low-cost beta funds toward more high-conviction active portfolios, and what economic...
