Invesco Global Short Term High Yield Bond ETF Price & Performance (PGHY)

April began with $3.2 billion pulled from U.S.-listed ETFs, led by a $6.5 billion outflow from the SPDR S&P 500 ETF Trust. While U.S. equity ETFs saw steep redemptions, some riskier bond funds attracted selective inflows, reflecting investor caution and shifting sentiment as volatility persists.12

Global ETF inflows remained strong in Q1 2025 despite volatile markets and economic fears, as central banks worldwide reduced interest rates to support growth. The U.S. Federal Reserve, however, held rates steady, citing stable economic indicators, while investors weighed the risks of rising debt and inverted yield curves.34

Invesco reported $8 billion in net long-term inflows to fixed income products in Q1, with continued strength into April. Despite trade tensions and recession concerns, investment grade and short-duration strategies remained popular, offsetting outflows in bank loan ETFs and global equities. Private market interest also stayed robust.56