We Just Saw the Largest Daily Inflow Ever to a Corporate Bond ETF
A U.S. exchange-traded fund investing in corporate bonds took in more than $1 billion in one day last week, a record amount.
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The rise of exchange-traded bond funds is both rapid and relentless.
To get a sense of the momentum, take a look at LQD. The iShares iBoxx Investment-Grade Corporate Bond ETF, or LQD, as it's also known, is the world's second-largest bond ETF and it took in $1.1 billion of new funds on Thursday. That's its biggest daily inflow ever and the largest ever recorded for a corporate bond ETF, according to data compiled by Bloomberg.