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Yet another writer with little to say. Dateline July 1, starts by saying S&P 500 (SPY) gained 0.71% through May, but its own data table says that was the 1 year return, and the YTD return was 5.3%. (Not to mention that its June return alone was an additional 4%.)
Talks about how much money poured into fixed income ETFs, implies that cap weighted equity ETFs were losing money, yet never gives a figure for that. Looking at table provided, the largest five such ETFs had net inflows of $3.5B.
Talks about how precious metals have been performing poorly (implying a positive correlation between performance and flows), yet GLD had net inflows of $2.5B while being down 2.4% YTD. Talks about how investors are becoming more conservative, yet while they're taking money out of S&P 500 and total market ETFs, they're pouring it into emerging markets and cubes. (While SPY saw $3B in outflows, VWO - Vanguard EM - saw $6B in inflows; pulled in $1.7B.)
There may be some patterns here, but they certainly don't seem to be what the writer is suggesting.
Comments
Talks about how much money poured into fixed income ETFs, implies that cap weighted equity ETFs were losing money, yet never gives a figure for that. Looking at table provided, the largest five such ETFs had net inflows of $3.5B.
Talks about how precious metals have been performing poorly (implying a positive correlation between performance and flows), yet GLD had net inflows of $2.5B while being down 2.4% YTD. Talks about how investors are becoming more conservative, yet while they're taking money out of S&P 500 and total market ETFs, they're pouring it into emerging markets and cubes. (While SPY saw $3B in outflows, VWO - Vanguard EM - saw $6B in inflows; pulled in $1.7B.)
There may be some patterns here, but they certainly don't seem to be what the writer is suggesting.