Billions Are Flowing to Cash-Like ETFs in ‘Hunt’ Before Fed Hike

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Billions Are Flowing to Cash-Like ETFs in ‘Hunt’ Before Fed Hike
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As investors brace for an increasingly aggressive Fed, money is flooding into cash-like ETFs — which are seen as relatively less vulnerable to interest-rate risk

, money is flooding into cash-like ETFs -- which are seen as relatively less vulnerable to interest-rate risk.

Traders have been piling into exchange-traded funds mostly focused on ultra-short instruments like Treasury bills, while offloading ETFs tracking longer-dated debt -- even those that are considered short-term bonds maturing in five years or less.

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