- U.S. equity ETFs took in more cash in October ($10B) than the rest of the year combined (Jan-Sept $6B), according to Bloomberg. The averages in October also happened to have their best month in four years. Coincidence?
- Corporate bond ETFs (LQD) brought in $8.3B - the most money ever in one month. Most of that was in the particularly beaten-up high-yield sector (HYG, JNK), which brought in $5.6B - also a record. Up until last month, junk ETFs had seen net outflows year-to-date.
- Emerging markets ETFs broke a 12-month string of outflows, bringing in $1.6B. Noteworthy are $900M of inflows for popular buy-and-hold ETFs like IEMG, along with $700M of inflows for a hot-money favorite like EEM.
- Previously a golden boy sector for inflows this year, health care (NYSEARCA:XLV) saw $1.2B of cash exit in October, sparked by the Hillary Clinton-related biotech selloff.
- After taking in $4.9B YTD through September, German ETFs EWG and HEWG saw $600M in outflows in October despite the market's rally. Both funds have about 15% exposure to auto manufacturers (like Volkswagen).