Customers took out $10.3 billion from long-term funds in the first quarter. However, for iShares, customers added a net $18.2 billion, or a 74% jump year-over-year, with half of the assets going into bond-related ETFs.
Additionally, investors are engaging in what CEO Laurence Fink calls “de-risking” as more money is shifted from cash and short-term bonds to equities and longer-term debt. Still, Fink does not believe a “major shift” is evident in investors’ attitudes. [ETF Data: Outflows on Market Weakness]
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Max Chen contributed to this article.