The iShares Short Treasury Bond ETF holds bonds maturing in one year or less.
Treasury bills payouts are nearly as high as profits generated by S&P 500 companies.
The $98 million Vanguard Alternative Strategies Fund will be liquidated in the second quarter.
Americans can now piggyback Congress members' personal portfolios.
The influx came amid a stock-and-bond rally sparked by growing conviction that inflation has peaked.
Steady income streams were in high demand last year as volatility reverberated across asset classes.
Investors pulled nearly $3.6 billion from over 20 Pimco and Allianz-branded funds.
Moriarty played an instrumental role in the creation of the first exchange-traded fund.
Market optimism has taken a beating in 2022.
The cuts follow similar moves by rivals Charles Schwab, Vanguard and State Street Global Advisors.
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