FYI: As the domestic and global economies alike flash recessionary signals, investors have been prepping their portfolios accordingly.
Over the past month, three of the top 10 highest outflow ETFs have been corporate bond ETFs, including the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
For the period July 12 to Aug. 12, HYG, LQD and VCIT have seen outflows of $1.39 billion, $1.38 billion and $949 million, respectively.
Regards,
Ted
https://www.etf.com/sections/features-and-news/recession-fears-shift-etf-flows
