Bond funds saw almost $2 billion in outflows this week, compared to $900 million in outflows the week prior. However, in the ETF space, Treasury bond ETFs are attracting safe-haven investors, with the iShares 1-3 Year Treasury Bond ETF (NYSEArca: SHY) bringing in $3.7 billion in assets. [Bond ETFs See Best Start Since ’08]
U.S. equity funds have been the least favorite asset as investors sold $8.6 billion in SPDR S&P 500 ETF (NYSEArca: SPY) over the past week.
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Max Chen contributed to this article.
For full disclosure, Tom Lydon’s clients own shares of SPY.