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Fund News Advisors Can Use: The Fed Wins Big with Credit ETFs

Fed Is Among the Biggest Winners From Its Foray Into Credit ETFs

Fed Is Among the Biggest Winners From Its Foray Into Credit ETFs The U.S. central bank accumulated roughly $8.6 billion worth of bond exchange-traded funds in 2020 as it worked to backstop markets amid a quickly descending pandemic. Katie Greifeld | Jun 04, 2021   (Bloomberg) Staving off the collapse of the financial system came with an added bonus for the Federal Reserve: A tidy profit. The U.S. central bank accumulated roughly $8.6 billion worth of bond exchange-traded funds in 2020 as it worked to backstop markets amid a quickly descending pandemic. Now, as the Fed prepares to unwind its holdings on June 7, it’s sitting on a gain of $140 million from the price appreciation alone, according to Citigroup Inc.

Fed Starts To Wind-Down Secondary Corporate Credit Bailout Fund

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