Whipsawing markets and fluctuating yields this week sent investors in exchange-traded funds to the shelter of U.S. Treasuries.
The Schwab Intermediate-Term U.S. Treasury ETF added over $1 billion through Thursday, while the Schwab U.S. TIPs ETF took in over $1.2 billion.
“It’s definitely a flight to safety,” said Aaron Clark, portfolio manager at Boston-based GW&K Investment Management. “Some memories are fresh with Greece and the issues that Europe was having in general, and the U.S. is always a sort of quality trade in scenarios like that.”
Source: Bloomberg Pro Terminal
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