FYI: While it has been a record-breaking first half for fixed income ETFs driven by low cost index-based strategies, investors also continue to pour new money into actively managed ones. Managers of such funds can seek attractively valued bonds as well as adjust the interest rate sensitivity to reflect shifting sentiment on the Federal Reserve’s next move.
As of late June, fixed income ETFs gathered approximately $70 billion this year, with more than $7 billion pouring into actively managed ETFs. While the active component remains relatively small, the $63 billion base has climbed to 8.3% of the $763 billion fixed income ETF market, up from a 5.3% share at the midpoint of June 2017.
Regards,
Ted
https://www.etf.com/sections/blog/active-fixed-income-etfs-gaining-ground
