BlackRock Move Sends Record $1.4 Billion to Inflation-Hedged ETF
- TIP’s large inflow corresponds roughly with exit from GOVT
- Firm says it’s repositioning models for protection, exposure
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A tweak to BlackRock Inc.’s model portfolios has triggered a record inflow for the biggest exchange-traded fund protecting investors from inflation.
The $30.7 billion iShares TIPS Bond ETF (ticker TIP) absorbed nearly $1.4 billion on Friday, according to data compiled by Bloomberg. The same day, $1.3 billion was pulled from the $16.3 billion iShares U.S. Treasury Bond ETF (GOVT) -- also the most-ever.