Here's a summary of notable news and events in the industry:
Fear over Fed interest rate hikes spurred investors to withdraw billions from bond ETFs this month. Bloomberg reports there were $6.1 billion in outflows from bond ETFs through March 16, or 1.9% of total fund assets, according to TrimTabs Investment Research data. Outflows concentrated among funds investing in U.S. government debt and bonds with longer duration. Bloomber reports that government-bond funds suffered roughly $3.6 billion in withdrawals this month, while long-term bond funds lost $1.2 billion. Hit with its biggest three-week withdrawl ever was the iShares 20+ Year Treasury Bond ETF, losing 17% of its asset size in March.