Seeking Alpha

Worst money flows for ETFs in more than 3 years

  • Barring a massive move today, U.S. ETFs are poised to lose more about $16B in August, according to data from BlackRock, the worst for the industry since January 2010.
  • Hardest hit is industry giant, State Street's (STT) SPDR S&P 500 ETF Trust (SPY), which shed about $13B (a bit less than 10% of AUM). Indexing took a hit, but stock-picking is a different story. Stock mutual funds saw $10.8B in inflows this month.
  • Outflows from fixed income funds have been well-documented and it looks like they'll sum to about $6.8B for ETFs.
Comments (1)
  • sl100
    , contributor
    Comments (110) | Send Message
     
    Why not sell here, smart money is getting out now. The big run up Is base on fiat money priniting, leverage and market manipulation. US is the only place where most of people's saving is invested in the stock market the riskiest assets to hold. Not sure people understand this and fund mangers take fee out of the savings.
    31 Aug 2013, 12:54 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|