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ETF Specialist

ETF Investors Bought in May and Kept Buying in June

Bond ETFs are on track for record inflows in 2020.

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Global markets regained more ground in June. At month-end, the Morningstar Global Markets Index--a broad gauge of global stock markets--had rebounded 38% from its recent low and sat just 9% below its mid-February peak. The index declined 7% through the first half of the year. The bond market has stabilized since the U.S. Federal Reserve’s late-March intervention. After dropping into negative territory earlier in the year, the Morningstar US Core Bond Index was up just over 6% for the year to date by the end of June.

Here, I will take a closer look at how the major asset classes performed last month, where investors were putting their money, and which segments of the market look cheap and dear--all through the lens of exchange-traded funds.

Ben Johnson has a position in the following securities mentioned above: IJH, IJR. Find out about Morningstar’s editorial policies.