Jun
18

ETF Investors Dump Bonds as BlackRock Sees September Liftoff

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Investors in U.S. exchange-traded funds have sold the most bonds in June in 15 months. So far, it’s proving to be a winning bet.

They pulled $2.14 billion out of fixed-income funds since May 31, on course for the biggest monthly withdrawal since March 2014, according to data compiled by Bloomberg.

With everyone getting ready for the Federal Reserve to raise interest rates, Treasuries have fallen almost 1 percent since the end of May, based on Bloomberg World Bond Indexes. That’s set to be the biggest monthly decline since February. BlackRock Inc., the world’s largest money manager, says the Fed will act this year…

ETF Investors Dump Bonds as BlackRock Sees September Liftoff

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