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Among the big ETF winners after Jerome Powell’s dovish bonanza this week: Corporate debt teeming with interest-rate risk, homebuilders and regional banks.
Take the nearly $3 billion iShares 10+ Year Investment Grade Corporate Bond ETF (ticker IGLB), which raked in $134 million Wednesday, the biggest daily inflow since October 2020, data compiled by Bloomberg show. Set up in 2009, the fund has attracted net inflows of more than $600 million over the past year.