Demand for equity ran strong in a month when stocks did well, and demand for gold all but dried up.
Demand for equity ran strong in a month when stocks did well, and demand for gold all but dried up.
Strong inflows for ‘BBJP’ helped propel year-to-date inflows to $148.5 billion.
Investors pulled $2.3 billion from U.S.-listed ETFs during the month, including $11.2 billion from international equity ETFs.
U.S. equity ETFs were back in vogue thanks to a rise to record highs for the Russell 2000.
Higher interest rates, including a 10-year Treasury yield above 3%, compelled investors to move into fixed-income ETFs.
For a second-consecutive month, investors pulled money out of U.S.-listed ETFs.
ETFs registered net outflows in February, but it could have been worse.
More than $68 billion in new assets flowed into U.S.-listed ETFs.