Institutional investors are likely behind the selling.
Equity ETFs are on track for a record year of inflows, while fixed-income ETF investors are rotating to shorter-duration funds.
Investors lock in profits in high-yield bond funds and increase flows to government-bond funds.
Emerging markets drove ETF flows in January.
Product proliferation in the fixed-income space supports portfolio-construction flexibility.
How to use ETFs to implement fund managers' current ideas at lower costs.
Also, Schwab launches Treasury ETFs.
Cost-conscious investors can use ETFs to implement themes similar to those of smart, well-respected active mutual fund managers.