High yield bond funds saw the highest annual outflows on record last year, First Trust Advisors launches active ETF, CIBC debuts its own fund and a Canadian asset manager rolls out market neutral ETF with high fees
The rising interest rates spurred fixed income flows in December last year which in turn boosted the amount of capital collected by global exchange-traded products (ETPs) for all of 2018 to US$514.8 billion, according to the ETP landscape report by Blackrock . This marks the second-best year on record behind 2017 but also a 20% drop from the previous year as passive investors lose appetite in high yield bond funds and European equity. Treasury/sovereign bond funds saw record flows last year, co
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