Artificial intelligence, cryptocurrency and private markets have dominated ETF headlines this year, but one of the industry's fiercest battles is unfolding in a far less glamorous corner of the market: cash.
Asset managers are increasingly competing to attract investors looking for a place to park money without taking meaningful interest-rate or equity risk. • iShares 0-3 Month Treasury Bond ETF shares are testing new highs.
Why are SGOV shares at highs?
The latest evidence is the rapid growth of ultra-short Treasury ETFs, led by BlackRock's iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV), which is nearing $100 billion in assets, per Etf.com.
State Street's SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL) has grown to $46.6 billion, while Vanguard's 0-3 Month Treasury Bill ETF (NASDAQ:VBIL), launched just last year, has already amassed nearly $10 billion.
