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.

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.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.