Examining the Fixed Income ETF Market

One of the most important determinants of fixed income (FI) market evolution is the growth and dynamics of the exchange traded funds (ETF) market. The ETF tsunami has hit the FI segment nearly as much as it has the equities market, if perhaps a little later. And, like equities ETFs, the FI ETF market contains a wide variety of fund types from a wide variety of managers. So, it is appropriate at this time to take a look at the FI ETF market from several viewpoints. This TABB Group report incorporates both a static and dynamic analysis of the more than 350 FI ETFs in existence, including such factors as market structure and concentration, market segmentation and 1-year and YTD inflows and outflows, and draws some conclusions about the ETF market's impact on the underlying bond markets.