Short-duration bond ETFs, such as the Vanguard Short-Term Bond ETF (BSV), are drawing investor attention, as are funds like the Vanguard Total Bond Market ETF (BND). Mutual funds have witnessed $446 billion in outflows this year, largely driven by the Fed’s response to inflation. In a phone interview with Bloomberg Sean Collins, chief economist at the Investment Company Institute, said, “the Fed meets and tells the world at 2 p.m. what they’re going to do.