Bond funds

The firm’s chief investment officer spent as much as a third of that on high-yield funds, according to people with knowledge of the matter.

While the central bank’s support may help keep credit flowing amid the coronavirus, “it doesn’t necessarily improve the outlook for bankruptcies.”

“This market environment is a very good one for investors to do a self-awareness check,” an expert says.

“Ideally, you would like clients to try not to make really short-term decisions, however this is an unprecedented situation,” an expert says.

Even when the market was climbing to records earlier this year, John Miller’s risk appetite exceeded that of some of his peers.

The funds are also some of the lowest-duration products in the market.

The central bank’s pledge to buy investment-grade credit and certain funds helped spark a rally in higher-rated debt.

Asset managers may need to reassess the assumption that’s become widely held in recent years: that inflation is dead.

“Recent further Fed action from COVID-19 seems to put another layer on a near-40-year bond bull market,” an expert says.

The relief allows funds to obtain cash infusions through collateralized loans until the end of June.

The iShares fund saw the second-biggest inflow in its 18-year history after the central bank said it would begin buying corporate bonds and credit ETFs.

After becoming unmoored in recent weeks as bond market liquidity dried up, funds that stand to benefit from the central bank’s buying are now rallying.

The funds are trading at staggering discounts to their net asset values in what some have dubbed an “illiquidity doom loop.”

The fund paid out about $150 billion in redemptions Thursday, all in cash.

Funds with higher risk profiles — high-yield and emerging markets — are now paying the price.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

The bloodbath in risk assets has intensified on deepening concerns about the economic fallout from the spread of the coronavirus.

The firm, run by Big Short protagonist Greg Lippmann, may make sustainability the linchpin of its CLO business after completing its first deal that complies.

Although roughly 40% of the actively managed industry beat their indexes, the worst-performers eked out an average gain of just 1.07%.

A flight to safety that saw funds in short-term bonds and utilities add cash as coronavirus dominated headlines has given way to a vigorous rally.