An exchange traded fund that has experienced abnormal volumes in recent days, and subsequent creation activity which has led to a notable increase in assets under management, is iShares Barclays MBS Bond Fund (NYSEArca: MBB).
MBB grants exposure to the investment grade fixed rate mortgage backed market (GNMA, FNMA, and FHLMC).
Like other fixed income ETFs, performance has been solid this year as equity funds have suffered.
MBB and related mortgage backed ETFs including Vanguard Mortgage Backed Securities (NasdaqGM: VMBS) and SPDR Barclays Capital Mortgage Backed Bond (NYSEArca: MBG) have delivered impressive performance, up 2.33%, 3.43%, and 5.25% year to date respectively.
iShares Barclays MBS Bond Fund
Chart source: StockCharts.com.
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