High-yield bond ETFs have also been on the receiving end of robust inflows. The PIMCO 0-5 Year High Yield Corporate Bond Index (NYSEArca: HYS) and the actively managed AdvisorShares Peritus High Yield ETF (NYSEArca: HYLD) have combined 2014 inflows of $971 million as of Feb. 21. [Plenty of Cash Flowing to Junk Bond ETFs]
“With a weekly combined average inflow of $240 million for high-grade and high-yield funds, total inflows for 2014 are now in excess of $1.4 billion, driven by a 9.8% year-on-year increase in money going into high-yield ETFs, with 3.3% finding its way into investment grade ETFs,” Risk.com reports, citing Bank of America Merrill Lynch data.
PIMCO 0-5 Year High Yield Corporate Bond ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of LQD.