- Bond ETF inflows surged to $9.8B (2.8% of assets) in the two weeks ended last Friday, according to TrimTabs -the largest two-week haul since February.
- Since the start of Q3, inflows into bond ETFs have averaged $400M daily for a total of $19.9B. Treasury ETFs have been notably popular, raking in $7.4B, or 11.2% of assets since mid-August. Corporate bond ETFs pulled in $5B, or 2.1% of assets in the last two weeks.
- It's not about performance - total returns are negative since the start of August - says TimTabs CEO David Santschi, but instead about investors' perception that the Fed won't be hiking rates this week (a series of plunges in global equities probably didn't hurt either).
- ETFs: AGG, BND, BOND, PTY, RCS, DBL, BTZ, HTR, PCM, SCHZ, JHI, BHK, TAI, LAG, JMM, ICB, VBF, FBND, PAI, SAGG, GBF, IUSB, VBND