Pimcos 0-5 Year High Yield Corporate Bond ETF reported $204.1 million of inflows on April 8, the same day the SPDR Barclays High Yield Bond ETF recorded its second-biggest daily redemption since its inception more than five years ago, equal to about $378 million worth of shares,Bloomberg reports.
Pimcos ETF has amassed $1.63 billion of net assets since its June 2011 inception, according to data on Pimcos website. The fund bets on debt thats less sensitive to rising interest rates, with high-yield bonds that mature in five or fewer years poised to outperform dollar- denominated notes on average for the first time since 2008.
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