Investors are favoring ETFs over the traditional mutual fund when it comes to bond investing. That's may be old news, but BlackRock has put some figures behind the ugly story from 2013.
Fixed income ETFs pulled in $27.5 billion while "old-fashioned" bond funds saw $85.4 billion flow out the door in 2013, based on BlackRock figures reported by
The WSJ's Money Beat blog.
So just how long will it take for Bond ETFs to catch up to Bond funds? The blog article fails to mention the total AUM in each group, so readers cannot figure it out. It did give the comparison for the Bond King's fund though.
Bill Gross'
PimcoTotal Return fund did not escape the trend: the open-end version of the fund lost 17.3 percent of its AUM walk while the ETF version lost just 4.7 percent of its base.  
Edited by:
Sean Hanna, Editor in Chief
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE