Market Extra: Corporate bond ETFs suffer huge outflows as investors get set for Trump

Fixed income exchange-traded funds saw sharp outflows last week, in the wake of the unexpected victory by Donald Trump in the U.S. presidential election, which analysts said was likely to lead to increased fiscal stimulus and reflation.

The outflows accompanied a sharp decline in the value of bond funds. Mutual funds and exchange-traded funds benchmarked to the Bloomberg Barclays Aggregate U.S. Bond Index lost about $17.7 billion in value this week, according to a MarketWatch analysis of data provided by Morningstar.

About $2.61 billion were pulled from fixed income ETFs over the week, according to FactSet data, with corporate bonds seeing the most in outflows.

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