International bond exchange-traded funds have hit $2 trillion in property underneath administration for the primary time, after a wave of recent cash rushed into the merchandise within the first half of the yr, BlackRock stated on Friday.
The landmark determine, reached this week, highlights the rising attraction of each the ETF construction and of the juicy yields accessible on bonds.
Yield-hungry buyers have poured round $170 billion into the merchandise since January, in keeping with BlackRock knowledge. Round $1.38 trillion of property underneath administration are in U.S. bond ETFs, and roughly $380 billion is in European funds, BlackRock stated.
Supply: Reuters (Reporting by Harry Robertson; Modifying by Amanda Cooper)
