iShares MBS ETF

MBB

Börsenwert 35,9 Mrd. $

The sell-off in mortgage-backed securities ETFs was even more extreme than September's headline $2.4 billion sector outflow suggested. BlackRock's iShares MBS ETF (NASDAQ:MBB) suffered roughly $2.67 billion in redemptions in September, its largest monthly outflow since the fund's 2007 inception.

Agency MBS are backed by Fannie Mae, Freddie Mac, or Ginnie Mae; if an underlying residential borrower defaults, the agency repurchases the loan at par value, insulating holders from direct loss. Newly minted agency mortgages carry a 6.0% production coupon up from 5.5% earlier this year. We look at several options yielding 4.3% to 15% to invest in agency mortgages.

Shorter-dated Treasuries, high quality corporates and munis as well as international bonds make sense for a diversified portfolio.

The iShares MBS ETF (MBB) faces downside risk due to rising intermediate-term rates and persistent inflation pressures as an intermediate duration FI exposure. Convexity risk and borrower prepayment optionality limit MBB's upside in speculative positive developments, while effective duration of 5.68 years exposes it to a possible rate hiking cycle incoming. Fed's hawkish stance, strong jobs data, geopolitical instability, and crowding out dynamics in debt markets reinforce the bear case for MBB as a duration bet.

Mortgage-backed securities are seeing greater interest and just got a vote of confidence from the largest sovereign wealth fund. The Norges Bank Investment Management (NBIM), which oversees Norway's $2.3 trillion sovereign wealth fund, proposed cutting its government bond allocation and rotating into mortgage-backed securities (MBS).

MBB SE (MBBDF) Q2 2026 Earnings Call Transcript

Agency mortgage-backed securities (MBS) are quietly coming off their best year since 2002 — climbing over 8.5%. So far, the macroeconomic backdrop of 2026 suggests last year's rally was far from a fluke.

ING appoints Hilde Garssen to the Management Board Banking ING announced today that Hilde Garssen will be appointed to the Management Board Banking (MBB) as chief human resources officer (CHRO), effective 1 September 2026. Hilde is currently chief people officer and a member of the Board of Management at KPN.

Some investors' hearts start racing when they hear real estate, but that's unwarranted in 2026, especially if you're investing in an ETF like the iShares MBS ETF ( NASDAQ :MBB ).

A stunning one-day surge of 40% in Fannie Mae (OTC:FNMA) and a 47% rise in Freddie Mac (OTC:FMCC) stocks has shocked the market, but the real story could be in the overall, untapped opportunity in mortgage- and housing-related exchange-traded funds (ETFs).