Investors poured into fixed income ETFs in April as equity market volatility jumped with several month’s leading asset-gathering ETFs being bond funds.

For example, the iShares Short Treasury Bond ETF (NASDAQ: SHV), iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) and the iShares 1-3 Year Treasury Bond ETF (NYSEArca: SHY) were among the top ETFs in terms of new assets added last month.

The iShares Floating Rate Bond ETF (NYSEArca: FLOT) was another prolific asset gatherer in April. Floating rate notes, like the name suggests, have a floating interest rate.

Specifically, the notes’ have a so-called reset period with interest rates tied to a benchmark, such as the Fed funds, LIBOR, prime rate or U.S. Treasury bill rate. Due to their short reset periods, these floating rate funds have relatively low rate risk.

“Interest-rate risk also guided corporate-debt exposures, with investors allocating a record $1.3 billion to the iShares Floating Rate Bond ETF,” reports Bloomberg.

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