In recent weeks, several bond exchange-traded funds (ETFs) have experienced a significant surge in inflows, indicating a heightened interest among investors.
This shift coincided with a market that significantly upped bets on Federal Reserve rate cuts for 2024, backed by a robust and ongoing disinflationary trend in the U.S. economy.
Speculators have gone as far as factoring in an initial rate cut as early as March 2024, with whispers of a total of five rate cuts by December 2024.
But which bond ETFs are currently piquing investors' interest?
From 'Cash-Like' to 'Equity-Like'
While the third quarter in 2023 witnessed a notable uptick in inflows into cash-linked bond ETFs, primarily those investing in short-dated Treasury bonds and bills, the latest trends are veering towards more aggressive fixed-income strategies.
Investors are strategically positioning themselves in anticipation of an imminent U-turn in Fed's monetary policy stance, eyeing a select group of bond ETFs that have weathered the storm during the recent spate of interest rate hikes.
Their bullish stance on riskier bond ETFs underscores a burgeoning belief that the bond market landscape could undergo a substantial recalibration in the coming months, as they brace for a more accommodating monetary policy environment.
These ETFs encompass a diverse range, including long-term Treasury bonds, emerging-market bonds, and high-yield corporate bonds.
Top 10 Bond ETFs by Fund Inflows in the Past Month
Name
Fund Flows (1-month)
iShares Trust – iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG)
$3.69 bn
iShares Trust – iShares Core U.S. Aggregate Bond ETF (NYSE:AGG)
$2.62 bn
SPDR Series Trust – SPDR Bloomberg High Yield Bond ETF (NYSE:JNK)
$1.99 bn
iShares Trust – iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB)
$1.89 bn
iShares Trust – iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)
$1.62 bn
Vanguard Bond Index Funds – Vanguard Total Bond Market ETF (NASDAQ:BND)
$1.56 bn
iShares Trust – iShares Broad USD High Yield Corporate Bond ETF (NYSE:USHY)
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
But which bond ETFs are currently piquing investors' interest?
しかし、現在どの債券型ETFが投資家の関心を引いているのでしょうか？