FYI: When stocks fall, investors typically pull money out of the market. But when U.S. equities suffered their worst two-day slump since May, some traders didn’t blink an eye.
Exchange-traded funds took in $78.5 billion in January, exceeding the previous monthly record by nearly 30 percent. ETFs saw close to $4 billion a day in inflows even on the stock market’s down days, according to Eric Balchunas, a Bloomberg Intelligence senior ETF analyst, who cited the example of the index-tracking SPDR S&P 500 ETF Trust (SPY).
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-01/what-selloff-etfs-see-4-billion-daily-inflows-as-stocks-slump?srnd=etfcenter
