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BlackRock’s $22 Billion TIPS Fund Adds Most Since 2015 After Fed

  • TIP sees biggest one-day inflow since 2015 after Fed rate cut
  • U.S. inflation may pick up after virus fears abate: Jefferies
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At least one corner of the $4.4 trillion exchange-traded fund market is betting the Federal Reserve can juice inflation.

Investors plowed nearly $500 million into BlackRock Inc.’s $22 billion iShares TIPS Bond ETF, which tracks inflation-protected securities, on Tuesday, according to data compiled by Bloomberg. The cash influx was the biggest since April 2015 and followed the Fed’s surprise rate reduction, geared toward cushioning the world’s largest economy from the impact of the coronavirus.