Inflation-Linked ETF Attracts Most Cash Ever as Prices Pick Up
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Investors are betting on higher inflation, and sending more cash than ever into the biggest exchange-traded fund that protects against rising consumer prices.
Signs that prices are starting to firm prompted investors to pile into the iShares TIPS ETF, which is comprised of Treasury Inflation-Protected Securities. Shares of the fund looked like a better bet last week, after the Labor Department reported that March consumer prices excluding food and energy rose by more than expected from last year, and oil prices held above $50 a barrel for 10 days straight.