BlackRock’s Real Estate ETF Bleeds $2.1 Billion in Just Six Days
- IYR has seen big inflows flip to outflows in past two weeks
- Fund assets retreat from record of more than $7.5 billion
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After stellar inflows in June, one of the biggest real estate ETFs is coming back to earth fast.
Investors pulled a net $295.7 million from the iShares U.S Real Estate exchange-traded fund (ticker IYR) in the latest session, according to data compiled by Bloomberg. That means almost $2.1 billion has now exited the ETF in six days.