During the past week, U.S. equity exchange traded funds (ETFs) issued $865 million, or $173 million daily. It is too early to tell whether investors are returning to the U.S. stock market although there has been a stream of big inflows this year. If they are back, it would be a reversal from the past year. According to TrimTabs from Forbes, global equity ETFs redeemed $200 million, the first weekly outflow in 11 weeks. U.S. equity funds and U.S. ETFs posted a combined inflow of $5 billion during 3 of the past 12 months.
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.