MBB Sees $1.2B Inflow Amid Reaction to UK Trade Agreement

Reported 2 days ago

The iShares MBS ETF (MBB) attracted $1.2 billion in inflows on Thursday, raising its assets under management to $38.2 billion as stocks rose following President Trump's announcement of a UK trade deal. The Vanguard S&P 500 ETF (VOO) also saw inflows of $436 million while other large equity funds experienced outflows, including the SPDR S&P 500 ETF Trust (SPY), which had redemptions of $1.8 billion. Overall, the ETF market gained $1.4 billion in net inflows as U.S. fixed income led the asset classes with $2.9 billion in inflows.

Source: YAHOO

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