Inflation Jitters Spark Retreat From Bond ETFs
Investors pulled almost $1 billion from BlackRock fund in one day
The bond market’s October retreat fueled record withdrawals from some popular exchange-traded funds, the latest sign of investor anxiety over inflation.
Investors pulled $998 million last Thursday from iShares iBoxx High Yield Corporate Bond ETF, the oldest and largest junk-bond ETF. That is the largest daily withdrawal on record, said BlackRock...