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Lipper: U.S.-Based Stock ETFs Rake In Cash as Fed Raises Rates:

TedTed
in The Bullpen
FYI: Investors piled into stock exchange-traded funds at the fastest pace since their record-setting haul following the U.S. presidential election, Lipper said on Thursday, as policymakers raised interest rates.

U.S.-based equity ETFs took in nearly $18 billion in cash in the seven days through Wednesday, while U.S.-based stock mutual funds posted cash withdrawals of $11 billion for the same period, according to Lipper data. Mutual funds are seen to represent retail investors' moves, while ETFs reflect a range of investors, including institutions such as hedge funds.
Regards,
Ted
http://www.reuters.com/article/investment-mutualfunds-lipper-idUSL1N1EA2BE
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