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2024 has been a tough year for most bond funds, as delayed rate hikes led to lower bond prices. Some bond ETFs have managed to outperform in spite of these tough conditions. These tend to focus on investments with low, sometimes negative, duration.
The market is showing signs of weakness and lacks sustainable upside momentum. The recent sell-off has broken key moving averages, indicating a potential shift in market sentiment.
The RINF ETF gives investors a duration hedged exposure to 30Yr TIPS bonds. Despite market rhetoric, there are few signs that core inflation is trending lower. In fact, they have been increasing in recent months.
RINF: A Direct Bet On Inflation Break-Even Rates.
The Federal Reserve's preferred inflation measure increased last month at its fastest clip since June.
The RINF ETF gives investors a duration hedged exposure to 30Yr TIPS bonds. Although headline inflation has peaked, there are signs that inflation may come back in the short, medium, and long term.
The ProShares Inflation Expectations ETF tracks 30-year US inflation expectations as measured by the performance of inflation-linked bonds relative to regular bonds. Since the Covid crash lows, 30-year breakevens have risen from 1.0% to 2.3% currently, generating 62% returns.
The RINF ETF gives investors a duration hedged exposure to 30Yr TIPS bonds. The RINF ETF does not pay a distribution, as its exposures are synthetically created.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.