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. • iShares MBS ETF sto