World & BusinessTwo largest municipal bond ETFs reportedly draw record weekly inflows
Bloomberg reports that BlackRock and Vanguard funds hit the records shortly after a bond rout fueled withdrawals from other municipal bond funds.
TLDR
The two largest municipal bond exchange-traded funds, from BlackRock and Vanguard, recorded their largest weekly inflows ever, Bloomberg reports. The inflows came shortly after a bond rout drove money out of other municipal bond funds.
Two largest municipal bond ETFs reportedly draw record weekly inflows
Bloomberg reports that BlackRock and Vanguard funds hit the records shortly after a bond rout fueled withdrawals from other municipal bond funds.
TLDR
The two largest municipal bond exchange-traded funds, from BlackRock and Vanguard, recorded their largest weekly inflows ever, Bloomberg reports. The inflows came shortly after a bond rout drove money out of other municipal bond funds.