Investors have been been voting with their feet recently by putting more money into exchange-traded funds than into mutual funds, Dow Jones Newswires reports.
In the week ended Nov. 22, domestic equity mutual funds suffered
outflows of $530 million, while their four-week moving average for net
outflows was $812 million.
Domestic ETFs took in a net $3 billion for the week, and their four-week moving average was $2.37 billion in inflows.
It’s the same pattern with international ETFs. International mutual
funds took in $910 million for the week ended Nov. 22 and $860 million
for the four-week moving average. That compares to $1.25 billion for
the week and a four-week moving average of $1.07 billion for the
corresponding ETFs.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.