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SPDR 1-3 Month T-Bill ETF (BIL) raked in $2.12B in new inflows in August, representing a...

SPDR 1-3 Month T-Bill ETF (BIL) raked in $2.12B in new inflows in August, representing a tripling of its AUM to $3.13B. This despite the fact it closed the month with a yield of just 0.08% as investors sought safety during record volatility. SPDR Gold Trust (GLD) led all ETF outflows, with nearly $2B in redemptions in August.
Comments (1)
  • SA Editor Jonathan Liss
    , contributor
    Comments (466) | Send Message
     
    I wonder if anyone has insight into why more of that money didn't end up in funds like MINT (current yield 0.89%). Obviously it has a longer avg. effective duration (0.63 years vs. 0.17 years) and invests in corporates but I have to imagine a lot of that $2B in creations in BIL were simply looking for safety, which they could have received with a much better yield via MINT.
    2 Sep 2011, 06:25 AM Reply Like
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