Corporate bond funds have also been riddled with outflows this month. Retail investors pulled $1.96 billion from U.S. high-yield funds for the week ended March 11, with 97% of the total, or $1.91 billion, from ETFs, writes Matthew Fuller of S&P Capital IQ on Forbes.
To this point in March, the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) and the SPDR Barclays High Yield Bond ETF (NYSEArca: JNK), the two largest junk bond ETFs by assets, have lost $1.88 billion and $727 million, respectively.
Perhaps because 10-year Treasury yields have traded modestly lower this month, investors have not rushed to inverse bond ETFs. The ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT), which seeks to deliver twice the daily inverse performance of the Barclays Capital US Treasury 20+ Year Treasury Bond Index, has seen March inflows of $96.3 million. TBT’s triple-leveraged rival, the Direxion Daily 20-Year Treasury Bear 3X ETF (NYSEArca: TMV), has added $18 million this month.
ProShares UltraShort 20+ Year Treasury
