iShares

The fund hasn’t seen a day of inflows since June.

The liquidations are part of an ongoing process to ensure its products meet their clients' evolving needs, the firm says.

While diversification is important, more isn’t always merrier with these funds.

The biggest losers so far? High yield bond and large value products.

Passive funds attracted new cash even if their returns were negative.

Total assets of the fund have increased almost 20 times since December.

As equities in the sector extend a $3.8 trillion rout, the strategy has resulted in annualized returns of as much as 190%.

The firm’s new iShares fund comes amid massive outflows from the sector in recent periods.

Although investors think the 10-year Treasury yield will easily reach 3.5%, analysts warn “there might be a few blips on the way.”

The only other fund of its kind has $269 million in assets, a figure that’s ballooned roughly 1,700% this year.