The month of May was all about the gradual reopening of global economies and relentless research on coronavirus vaccines as well as some positive outcomes on it. Moderate corporate earnings have also led to market strength. The energy market staged a comeback too. Key U.S. indexes were in the green in the month. In this scenario, we highlight ETF asset flows for the month of May.
High-Yield Bond ETFs Top
Risk-on sentiments and the Fed’s monetary favor are working wonders for the segment.In mid-April, the Fed said it would expand its bond-buying program to include debt that was investment-grade rated as of Mar 22 but was later downgraded to no lower than BB-, or three levels into high yield. The very move made iShares iBoxx USD High Yield Corporate Bond ETF HYG appealing and it added about $4.38 billion in assets in May. SPDR Bloomberg Barclays High Yield Bond ETF