We recently published Top 10 Trending Stocks and ETFs as Analyst Predicts $9 Trillion Productivity Gains Due to AI. iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) is one of the top trending stocks..
Jay Jacobs, U.S. Head of Equity ETFs at BlackRock, explained in a recent program on CNBC why he likes SGOV.
“Well, a lot of investors are looking to get yield and they’re not necessarily getting that through holding cash in a brokerage account. So, you’ve seen a lot of investors move into SGOV, our short-term government bond ETF, just to capture that yield that government bonds are paying. There’s still $7 trillion sitting on the sidelines in money market funds. And I think a lot of that could come into the ETF industry over the next several months and years as investors want to participate in continuing markets.”
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This article is originally published at Insider Monkey.