BlackRock’s Top European Credit ETF Sees Inflows Surge
- Euro high-grade tracker adds almost €1.9 billion in November
- Inflows come amid rebound in corporate bond performance
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BlackRock’s flagship exchange-traded credit fund in Europe is on track to record its biggest monthly inflow since early 2020 as bets that central banks are done boosting interest rates supercharge returns in corporate bonds.
The iShares euro corporate bond ETF — also known by its ticker, IEAC — has drawn almost €1.9 billion ($2.1 billion) so far in November, based on data compiled by Bloomberg. Barring significant outflows in the coming days, that would mark the biggest inflow to the fund since April 2020, when policymakers’ support for markets after the initial shock of the Covid pandemic persuaded investors to return.