Financials ETF ‘XLF’ falls into favor as basic materials fund ‘XLB’ falls out.
Financials ETF ‘XLF’ falls into favor as basic materials fund ‘XLB’ falls out.
Investors pulled money out of ETFs during the first week of October.
Despite a flat week for flows, U.S.-listed ETFs have attracted a healthy wave of new assets this year.
U.S.-listed ETFs attracted more than $23 billion in new assets, nearly all of it going to equities.
Stocks neared record highs and investors added $23 billion to U.S.-listed ETFs this week.
Fixed income ETFs powered this week’s net inflows of $6 billion.
Gold and fixed income ETFs offset net outflows from equity ETFs.
U.S. fixed income ETFs pushed overall ETF flows into positive territory.