ETFs pulled in a whopping $1.6 billion in June – See why investors are flocking to these income-generating investments

Boston, MA – Income-seeking investors in the fixed income market showed a strong interest in exchange traded funds (ETFs) during June, with a total of $1.6 billion in flows, according to a report by State Street. The surge in investments was primarily focused on ETFs holding bank loans and collateralized loan obligations, reflecting a shift towards higher-yielding opportunities in the market.

Over the past 13 months, these funds have consistently attracted inflows, totaling more than $18 billion during this period. Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors, highlighted some of the select offerings in this space that boast 30-day SEC yields exceeding 6%, making them an attractive option for income-seeking investors.

Meanwhile, Tesla, the electric vehicle manufacturer, continued its winning streak in the stock market, marking its 10th consecutive positive session with a 3.7% gain on Tuesday. Despite a sharp increase in stock price in recent weeks, Tesla’s shares are up only modestly for the year, indicating some volatility in its performance over the past year.

The recent surge in Tesla’s stock was fueled by the release of the company’s second-quarter production and deliveries report, which surpassed analysts’ expectations. With deliveries reaching 443,956 vehicles during the period, exceeding the anticipated 439,000, Tesla’s performance in the market has been positively impacted by strong operational results.

In a separate development, stock futures opened relatively unchanged in the market, reflecting a sense of caution among investors amid ongoing economic uncertainties. The stability in futures signals a wait-and-see approach among market participants, as they evaluate various factors influencing the market’s direction in the coming days.