On Wednesday, 10 ETFs, across all asset classes, hit record highs. Seven of those ETFs were bond funds.
Investors looking for active management of interest rate risk can consider ETFs such as the PIMCO Enhanced Short Maturity ETF (NYSEArca: MINT), Invesco Enhanced Short Duration Bond (NYSEArca: GSY), SPDR SSgA Ultra Short Term Bond ETF (NYSEArca: ULST) and iShares Short Maturity Bond ETF(NYSEArca: NEAR).
Investors’ shift to bonds “highlights the risk-averse sentiment that’s pervaded the investing landscape in recent months, as equities have suffered a series of painful pullbacks,” according to Business Insider.
For more information on the fixed-income markets, visit our bond ETFs category.