ETF Flow Round-Up
March 30th at 1:04pm by Tom Lydon
Even though the market declined in February, exchange traded fund (ETF) assets were net positive for the month. ETF assets rose to $433.4 billion in February, reports Ian Salisbury of Dow Jones Newswires. This is up 0.5% from January. At the end of February there were 432 ETFs – 331 domestic stock, 87 international equity and 14 bond.
TrimTabs, a research firm that tracks fund flows, projected equity mutual funds had $3 billion in net flow this month up to March 28, and ETFs had a flow of $6.19 billion. U.S. equity ETFs attracted $6.31 billion, while international ETFs had outflow of $120 million. Paul Katzeff of Investor’s Business Daily states that some of the international retreat was due to the February 27th drop in China’s market.
