A $15 Billion ETF Fires Up Wall Street’s Booming Bond Trade
- Assets in BlackRock fund swell relative to underlying market
- Rise in investment prompts new platform for portfolio trades
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When Gilles Pradere saw a money-making opportunity to go long European credit in January, he decided against selling default swaps and rode one of this year’s hottest trades instead.
He bought shares in BlackRock Inc.’s Core Euro Corporate Bond ETF.