Corporate bond funds bounced back into favour last month as investors appeared to put fears of a mushrooming banking crisis behind them.
Investors had pulled money from corporate bond exchange traded funds for a second straight month in March, even as government bond ETFs sucked in a record $34.9bn, as savers sought refuge from the banking turmoil that had engulfed Credit Suisse and a string of regional US banks.
However, April flows seem to indicate that investors have sounded the all-clear, even as regional US bank stocks continue to trade at depressed levels.
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