In contrast, Treasury bond ETFs experienced some of the largest outflows, which suggests that investors remained wary over the rebound in U.S. government debt. The iShares 7-10 Year Treasury Bond ETF (NYSEArca: IEF) saw $667.9 million in net outflows and the iShares 1-3 Year Treasury Bond ETF (NYSEArca: SHY) lost $407.3 million in assets. EDV even saw $34 million in outflows over the first quarter.
Bond ETF investors were also given more choices at the start of the year. For instance, the SPDR DoubleLine Total Return Tactical ETF (NYSEArca: TOTL), an ETF adaptaion of Jeff Gundlach’s DoubleLine Capital flagship bond strategy, was the most heavily traded newly launched fixed-income ETF over the first quarter, experiencing a 3-month average daily volume of 282,650. [With Gundlach’s Entry, Active Bond ETF Competition Rises]
For more information on the fixed-income market, visit our bond ETFs category.
Max Chen contributed to this article.