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Revived investor enthusiasm for bonds and growing confidence in a “soft landing” for the US economy is buoying some of the world’s biggest financial groups and sparking record inflows into fixed-income exchange traded funds.
BlackRock and JPMorgan Chase said on Friday that they had each pulled in unprecedented amounts of new assets to manage in the third quarter as they reported better than expected quarterly profits.
Bond giant Pimco said its assets under management had reached $2tn for the first time since the 2022 full-scale Russian invasion of Ukraine sent bond and equity markets tumbling.
“I’ve been investing in fixed income for more than 30 years, and the current environment is one of the most attractive I’ve seen in public markets for an active…
