- Adjusting to U.S. Treasury yields at seven-year highs, investors are taking record amounts of cash out of large-cap, municipal bond, and REIT exchange-traded funds
- About $2.7B, or 12% of assets, was pulled out of the $18.3B iShares Russell 1000 ETF (IWB -0.1%) on Monday, its largest outflow since it began 18 years ago. The ETF tracks the Russell 1000 Index, made up of the largest 1,000 companies in the Russell 3000 Index.
- An outflow of $464M from iShares Cohen & Steers REIT ETF (ICF -0.1%) was its biggest outflow, amounting to about 19% of its assets. iShares U.S. Real Estate ETF (IYR -0.2%) had $87M get pulled on Monday, resulting in outflows for the week of more than $834M.
- For municipal bond ETFs, Vanguard Tax-Exempt Bond ETF (VTEB), the market's third-largest fund tracking municipal bonds, experienced an outflow of $25M on Monday. the largest since the $3.6B fund started three years ago. Investors yanked $9.5B last week from BlackRock's $9.5B iShares National Muni Bond ETF (MUB), the largest muni ETF.
- Previously: Treasury yield high weighs on futures (Oct. 9)
- ETFs: CRF, USA, SCHX, ZF, VV, FEX, JKD, EQL, EEH, IWL, FWDD, SYE, JHML, GSEW, ESGL, HUSV, CHGX, USSD, DUSA, USWD, BIBL, PMOM, VNQ, IYR, RQI, SCHH, RNP, RFI, KBWY, DRN, NRO, URE, ICF, XLRE, JRS, RWR, SRS, FREL, DRA, MUNI, DRV, RIF, SBI, MUI, ITM, NID, LRET, REK, RIT, FRI, NBH, FTY, PSR, USRT, FPT, WREI, IARAX, RORE, ITMS, BBRE, EVLMC, FLMI, PPTY
- Now read: Columbus Had Fled Europe To America For A Very Good Reason - And He Wasn't Even Aware Of It
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