On August 20, billionaire Ken Fisher's eponymous firm appears to be betting that the longest-term U.S. Treasuries will rise, seeking to profit from opportunities presented by yields nearing a 20-year high. Earlier this month, Fisher Investments was a key driver behind a record $4 billion inflow into a BlackRock exchange-traded fund (ETF) that invests in U.S. Treasuries with maturities of 20 years or more. Meanwhile, another BlackRock fund focused on shorter-term U.S. Treasuries experienced a similar outflow, indicating a shift of funds toward the longer end of the yield curve. A spokesperson for Fisher Investments stated that due to fiduciary responsibilities to clients, the firm cannot comment on individual securities.
All Comments