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Despite all the cash being pulled from emerging markets and precious metals ETFs during the month of January, it was still a solid month of gains on the inflows front with $9 billion in new cash pouring into exchange traded products. January marks the fifth straight month inflows outpaced redemptions, according to State Street Global Advisors. State Street's
STT SSgA unit is the second-largest U.S. ETF issuer behind iShares.
Large-cap and bond funds saw the bulk of the inflows with $6.6 billion and $2.9 billion, respectively. SSgA says that during January emerging markets ETFs had outflows of $4.5 billion and commodities ETFs lost $2.7 billion, according to Barron's. Small-cap funds lost $1.4 billion.
By assets, the top five ETFs were: The SPDR S&P 500
SPY at $93.5 billion; the SPDR Gold Shares
GLD at $52.5 billion; the Vanguard MSCI Emerging Markets
VWO at $44.7 billion; the iShares MSCI Emerging Markets
EEM at $39 billion and the iShares MSCI EAFE
EFA at $37.9 billion, Barron's reported.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsSector ETFsBroad U.S. Equity ETFsSpecialty ETFsBarron'sEmerging Market ETFsCurrency ETFsIntraday UpdateETFsAsset Management & Custody BanksFinancials
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