The world's largest asset management company BlackRock has stated that bond exchange-traded funds (ETFs) attracted $300 billion in inflows last year, reaching a historical high, as investors were drawn to the highest bond yields in decades. BlackRock pointed out that as central banks around the world raised interest rates last year to curb inflation, bond yields skyrocketed, making fixed-income funds appear more attractive than in the past few years. Data shows that in the bond market, mutual funds have gradually been replaced by ETFs. According to the Investment Company Institute (ICI), assets managed by U.S. fixed-income mutual funds reached $5.6 trillion in November 2021, but had dropped to around $4.6 trillion by last summer. BlackRock forecasts that by 2030, the assets managed by bond ETFs will increase from slightly over $2 trillion currently to $6 trillion.