Dip-buying still alive in bond ETFs after drying up in stocks | Insights | Bloomberg Professional Services

This article was written by Bloomberg Intelligence ETF Analyst Athanasios Psarofagis. It appeared first on the Bloomberg Terminal. 

Performance-chasing in stocks, dip-buying in bonds

With many bond ETFs underwater this year and the benchmark iShares Core U.S. Aggregate Bond ETF (AGG) in a 17% drawdown from its all-time high, investors have been buying the most beaten-up names (decile 10) in hopes of a rebound if interest rates drop. In equities, by contrast, flows have gravitated to the best performers.