Record $2.7B BlackRock Mortgage Bond ETF Outflow Tops Global Financial Crisis, COVID-19: What’s Driving the Exodus?
The sell-off in mortgage-backed securities ETFs was even more extreme than September’s headline $2.4 billion sector outflow suggested. BlackRock’s iShares MBS ETF NASDAQ:MBB suffered roughly $2.67 billion in redemptions in September, its largest monthly outflow since the fund’s 2007 inception.• iSh…
The sell-off in mortgage-backed securities ETFs was even more extreme than September’s headline $2.4 billion sector outflow suggested. BlackRock’s iShares MBS ETF NASDAQ:MBB suffered roughly $2.67 billion in redemptions in September, its largest monthly outflow since the fund’s 2007 inception.• iSh…
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