BlackRock, Pimco Push Back Against Bets Inflation Cooling Fast
- Investors pulled $10.8b from inflation ETFs in past 6 months
- World’s biggest money managers warn market may be too sanguine
Shoppers in Chicago, Illinois.
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
Inflation is slowing the world over, but some of the biggest money managers say it’s no time to ditch protection against rising consumer prices.
BlackRock Inc., AllianceBernstein Holding LP and Pacific Investment Management Co. warn the market may be too sanguine on the pace of price growth. Investors pulled money from exchange-traded funds tracking inflation-linked government debt for a sixth consecutive month in January, the longest streak in at least six years and a combined net outflow of $10.8 billion, data compiled by Bloomberg show.