Carving Up the Bond Market Swells Into $39 Billion ETF Business
- Maturity-focused BlackRock and Invesco bond funds are booming
- Advisers are focused on duration risks: VettaFi’s Nadig
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Money managers are flocking to extremely precise fixed-income exchange-traded funds as a hawkish central bank and economic uncertainty batter the bond market.
Assets in BlackRock Inc. and Invesco Ltd.’s maturity-focused bond ETFs, which hold debt maturing in a certain year, have soared to all-time highs this year, data from the issuers show. BlackRock’s iBonds lineup now holds over $22 billion, while Invesco’s BulletShares suite of funds isn’t far behind with over $16 billion.