Developed investment grade bond ETFs was the only asset class to see inflows north of €10bn last month, according to data from TrackInsight, after the Federal Reserve adopted a more dovish approach.
The asset class witnessed inflows of €12.6bn in January, building on the €19.4bn inflows seen the previous month. Investors were more bullish about the outlook for the wider fixed income market after Fed chairman Jerome Powell indicated rate hikes would be put on hold due to slower growth in major markets and heightened political uncertainty after the Federal Open Market Committee (FOMC) meeting last month. 'This will come home to roost': Warning investors not prepared for QT impact All fixed income asset classes posted positive flows with developed government bond ETFs seeing infl...
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