Sleepy Schwab Bond Fund Notches $2 Billion of Flows in One Day
- Big inflows often signal a heartbeat trade or portfolio shift
- Investors have cycled out of ETFs tracking shorter term bonds
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A bond ETF with no meaningful flows since it was launched more than three years ago just got an injection of nearly $2 billion.
Assets in Schwab 5-10 Year Corporate Bond ETF (ticker SCHI) swelled to a record $2.33 billion on Monday from around $356 million previously. The fund, a product of the financial company Charles Schwab Corp., tracks the total return of an index following the performance of intermediate-term US corporate bonds.