BondBloxx Investment Management has surpassed $1 billion dollars in AUM and formed a strategic partnership with Macquarie Asset Management. The firm passed the Billion dollar mark 12 months after listing its first ETFs on the New York Stock Exchange. Fixed Income ETFs saw $189 billion of inflows in the last year, $52 billion of that coming in Q1 of 2023.  

Macquarie Asset Management will sub-advise one of BondBloxx’s ETFs and has provided an equity investment that will allow the company to devote more resources to creating new bond ETFs.

Investors pulled $60 billion dollars out of money market funds invested exclusively in T-bills and short-dated treasuries during the week ending April 19th, in what was the category’s largest weekly drawdown since March 2020, according to Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth. 

Money market funds saw inflows balloon in March, as investors drew down their bank accounts amid stress in the banking sector and parked cash in money market funds. 

J.P. Morgan Asset Management is launching three new fixed-income Betabuilders ETFs: the JPMorgan BetaBuilders U.S Treasury Bond 20+ Year ETF, ticker: BBLB; the JPMorgan BetaBuilders U.S Treasury Bond 3-10 Year ETF, ticker: BBIB; and the JPMorgan BetaBuilders U.S Treasury Bond 1-3 Year ETF, ticker: BBSB. All of the new ETFs are listed on the CBOE Global Markets.

Each of the ETFs will track the ICE US Treasury Bond Indexes of their namesake duration periods. The addition of the three ETFs brings JPMorgan’s full US ETF suite to 51 products representing over $100 billion in AUM.