Cinthia Murphy, Managing Editor, ETF.com
Cinthia Murphy, Managing Editor, ETF.com
It’s been a tricky few days for traders. As coronavirus-focused headlines rattle markets throughout the globe, ETF traders have taken discover, and have now pulled out some $21 billion in web belongings from U.S.-listed ETFs final week.
The large redemptions marked the primary week of asset outflows for the ETF market this 12 months. The majority of belongings got here from U.S. fairness funds, led by $18.5 billion in web outflows from the SPDR S&P 500 ETF Belief (SPY). Additionally amongst high web losers have been the Invesco QQQ Belief (QQQ), which bled $1.four billion final week, and the Monetary Choose Sector SPDR Fund (XLF), with outflows of $1.1 billion in 5 days.
ETF Weekly Flows By Asset Class
In unstable markets confronted with a attainable international pandemic akin to this one, it’s commonplace to see traders confronted with that fight-or-flight query, and to see demand for danger belongings go down. However as ETF.com’s analyst Sumit Roy…