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Diminishing Appetite for Fixed-Income ETFs
Investors' risk aversion at the beginning of the year has given way to increasing confidence in equity markets.
Exchange-traded funds (ETFs) that buy bonds in the U.S. are losing out to equity ETFs as investors move toward riskier assets, signaling confidence in the strength of the economy.
Investors deposited $251 million into fixed-income ETFs yesterday, below the 20-day average of $960 million, according to data compiled by Bloomberg. That compares with $3.9 billion that flowed into stock funds.
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