Despite the S&P 500’s decline in January, investors poured new money into higher-beta areas across the board, as the pace of inflows picked up steam compared with December. Welcome to the 5th issue of Flow Charts, a monthly summary of fund flow data from our ETF universe. As a reminder, we take a slightly different…
Money flooding into ETFs slowed in December, capping off a historically strong year. Analysis of the flow data suggests that while in some aspects investors were growing more cautious, they also continued to allocate fresh money to “risk-on” areas of the market. Welcome to the 4th issue of Flow Charts, a monthly summary of fund…
November was a blockbuster month for money flooding into ETFs. Coinciding with the historic stock market rally, pro-cyclical plays were the biggest winners, with one notable exception: Emerging Market stocks. Welcome to the 3rd issue of Flow Charts, a monthly summary of fund flow data from our ETF universe. As a reminder, we take a…
Monthly summary of fund flow data from our ETF universe, with a spotlight on “Net Long” figures, revealing where the bulls and bears are really putting their money to work.
Monthly summary of fund flow data from our ETF universe, with a spotlight on “Net Long” figures, revealing where the bulls and bears are really putting their money to work.
The headline number for new money flowing into Exchange Traded Funds moderated in May to about $28 billion, down from about $36 billion in April. However, stripping out the effect of short sales, net long money flows actually increased slightly, to almost $37 billion in May from $34 billion in April. (The unwinding of short…
The flood of money into ETFs continued in March, though not quite as robust as first blush. According to our database, equity funds saw roughly $39.6 billion in new money for the month, while Bond ETFs captured some $9.2 billion, representing increases in overall assets under management of 1.8% and 1.9%, respectively. However, after adjusting…
ETF investors put some $43 billion in new money to work in February, according to our database tracking 1,546 ETFs with $2.7 trillion in AUM. Investors expressed a preference for higher risk areas like emerging markets and small cap stocks, but also hedged their bets by increasing short positions pretty much across the board. Among equity ETFs, overall short interest increased…
ETFs have long been a favorite vehicle for short sellers, not only because they are easy to borrow—market makers can always create more shares when demand is sufficient—but also because they allow investors to easily express a negative view on a particular asset class or sector without taking on single-stock risk. But short interest in…
