The iShares iBoxx $ High Yield Corporate Bond ETF (HYG), brought in nearly $1.2 billion in cash over the past week, according to FactSet.
Investors are beginning to stretch for yield as the Federal Reserve's rate-hiking cycle winds down, ETF flows data suggests. The iShares iBoxx $ High Yield Corporate Bond ETF , brought in nearly $1.2 billion in cash over the past week, according to FactSet. That made it the fifth top fund of the week by inflows, trailing only four broad equity funds. But it wasn't just HYG. The seven biggest high-yield ETFs saw inflows over the past week, according to FactSet.
"High yield's kind of in a sweet spot right now. It's got a really attractive yield that you haven't seen in almost two decades. ... I think investors are bullish. In terms of the equity market, you're seeing a pretty strong rally this week. High yield is loaded to growth in terms of some of the smaller companies, lower-rated companies," said Komson Silapachai, vice president of research and portfolio strategy at Sage Advisory in Austin, Texas.
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