Bond-Liquidity Desperation Sends Record Cash Into ETFs Worldwide
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The unprecedented demand for bond exchange-traded funds in the U.S. is spreading across the pond as European investors seek an easy way to buy into one of the longest bull runs in credit-market history.
The ETFs, which trade like stocks and can be purchased online, have attracted $35.7 billion this year worldwide, on track to exceed the record $84.9 billion placed last year, according to data compiled by BlackRock Inc. About $14 billion of that was in Europe, the data show.