NEW YORK: Exchange-traded funds focused on municipal bonds are raking in unprecedented amounts of cash. The funds have seen a record US$ 5. 8bil( RM24. 10bil) of inflows in the second quarter, according to data compiled by Bloomberg, driving this year’s haul to about US$ 11bil( RM45. 70bil)....
That has been a boon to the two biggest ETFs, run by BlackRock Inc and Vanguard Group, which received nearly half of the funds. ETFs are a small-but-growing force in the US$ 4 trillion( RM16.62 trillion)
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2021-07-01 00:00:00.0