This Hedge Fund Is Shorting High-Yield ETFs: Here’s WhyMichelle Jones
Earlier this month, data indicated that investors are flocking to bond exchange-traded funds, but one hedge fund firm continues to advise against following the crowd in this trend. State Street reported inflows of $7.4 billion into fixed income ETFs in June, compared to outflows of $5.8 billion for equity ETFs and $2.1 billion for commodity ETFs.
This isn't a new trend either. June marked the 35th month in a row in which bond ETFs recorded inflows, and the trend is . . .
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