Bond funds

Despite the exodus, all of the mutual funds and ETFs on the list posted net gains for the year.

“There’s less performance chasing than you saw in the past, and that’s a positive thing,” an expert says.

Banks are hoping strategies like technology-enabled portfolio trading will help them grab a bigger slice of the shrinking fixed-income pie.

Those that shorted the market suffered “steep losses,” while market-neutral products posted “modest gains.”

Data reported by the Investment Company Institute.

The large number of closures in equities and “other” categories could not be offset by new additions, Index Industry Association research shows.

The SEC’s recently passed ETF modernization rule, which expands choice in the market, “is probably the end of the mutual fund industry.”

Given that almost one-third of leveraged loans are just a downgrade away from triple-C, even a modest slowdown could create a snowball effect of sorts.

The downside for their clients, however, is it may obscure just how much credit risk they’re exposing themselves to.

The $10.1 billion fund’s star manager, well known for his contrarian investments, held on to a short position against U.S. Treasurys even as bonds rallied.

Data reported by the Investment Company Institute.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

The five-month-old fund from Tabula Investment Management just became one of the largest of its kind after taking in $68 million last week.

The underperformance is a rarity for the fund, which has beaten the benchmark for nine of the past 10 years.

Nearly all bested the broader market at roughly a third the price of the average fixed income product.

Data reported by the Investment Company Institute.

Some of the same features that led to their unpopularity may also be what uncorrelated them from their peers, an expert says.

While bond investor anxiety previously focused on how the funds respond to abrupt withdrawals, skeptics are now homing in on secondary trading.

Fixed-income products designed to minimize interest rate risk are among the leaders.