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On June 23, Thornburg expanded its active ETF lineup with the launch of the Thornburg Premium Income Builder ETF (THOR). The fund targets dividend paying equities at the global level and pairs them with an options strategy that generates income.
Thornburg Multi Sector Bond ETF (NASDAQ: TMB - Get Free Report) shares were up 0.2% during trading on Thursday. The stock traded as high as $25.68 and last traded at $25.62. Approximately 251,795 shares changed hands during trading, an increase of 340% from the average daily volume of 57,258 shares. The stock had previously closed
Just over a year ago, the Thornburg Core Plus Bond ETF (TPLS) and the Thornburg Multi Sector Bond ETF (TMB) made their debut. The launches came in a year that saw a record number of active ETFs hit the market (almost 1,000, per Morningstar).
In personal finance vernacular, it's a common saying that “cash is king.” Given the current rate-cutting cycle and the rise of the “debasement trade,” that reign could be over.
Fixed income investors have been basking in the sunlight of higher yields the past few years amid the Fed's aggressive rate-hiking cycle. Fast forward to now, with the Fed instituting its second rate cut of the year.
According to inflows data from State Street Investment Management, fixed income ETFs came off a record October that saw the space garner $51 billion inflows. This was an astounding feat, as uncertainty continues to permeate the markets.
Given how uncharacteristically telegraphic the Federal Reserve has been with interest rate policy decisions as of late, it didn't surprise the markets that it cut the federal funds rate by 25 basis points for a second time in 2025.
The Fed instituted the first rate cut of the year and there are potentially more to come before 2025 turns into 2026. This puts fixed income investors on alert to ensure they properly position their portfolio for this shifting interest rate environment.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.