ETFs

BlackRock Inc.’s $56 billion iShares iBoxx $ Investment Grade Corporate Bond (LQD) -- the largest credit ETF -- posted an outflow of $1.3 billion on Tuesday, the second-largest outflow for the fund.

Precise formulas for predicting the future worth of companies are often disproved by reality.

More than $7 billion was pulled from the $172 billion Vanguard S&P 500 ETF (VOO) on a single day this week, about 4% of the fund’s assets.

A record 14 new issuers entered the market in 2020, besting the 10 new entrants in 2019 and seven in 2018.

With the pending addition of an approximate 1.5% weighting in Tesla, investors in ETFs such as SPY are being reminded that passive funds undergo regular changes. 

After lagging bond funds for most of 2020, ETFs tracking equities lured a record $81 billion last month, bringing their total haul for the year to $196 billion.

The central bank’s corporate-bond facilities may expire on Dec. 31, but their legacy will inform investor behavior for years to come.