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Thematic funds also come out ahead; Bob Doll joins faith-based asset manager; State Street CIO retires; and Nuveen adds portfolio managers on both coasts.
The U.S. central bank accumulated roughly $8.6 billion worth of bond exchange-traded funds in 2020 as it worked to backstop markets amid a quickly descending pandemic.
The Fed plans to start the process with ETFs -- with the selling of corporate bonds to begin later in the summer. The aim is to complete the exercise by the end of the year.