With short rates on the rise and forecast to continue rising, what's not to like about these funds?
Among those seeing big inflows are the Goldman Sachs Access Treasury 0-1 Year ETF (NYSEARCA:GBIL) and the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL). GBIL saw a rush of $220M on Tuesday and $145M on Monday, bringing AUM above $2B for the first time ever.
It might be a "risk-off" move suggests Goldman's Michael Crinieri, with investors looking to build up some "dry powder" for a future downturn.
It's the equivalent of "putting your money under a mattress," says Bloomberg's Eric Balchunas.
Now read: A Penny Saved Is 2 Pennies Earned »
Subscribe for full text news in your inbox