Market Vectors Gold Miners (NYSEArca: GDX) also took in over $500 million in assets on increased volume throughout the week, and the ETF traded at a multi-year high on Thursday before giving back some ground during Friday’s session. [Gold Miners ETF Pares Gains After Breakout]
A number of fixed income ETFs including iShares Barclays 7-10 Year Treasury (NYSEArca: IEF), iShares Barclays 1-3 Year Treasury (NYSEArca: SHY), Vanguard Total Market Bond (NYSEArca: BND) and iShares Barclays Aggregate Bond (NYSEArca: AGG) also saw inflows this week, which is consistent with investors flocking to bonds amidst another rocky week in the equity markets and heading into a weekend of uncertainty.
To this point, over $6 billion was yanked out of SPDR S&P 500 (NYSEArca: SPY) as well as it certainly felt on Friday that investors wanted to limit their exposure to equities going into the weekend with talk about a potential terror plot in the U.S. as well as rumors of a default in Greece.
Finally, we mentioned SPDR Barclays 1-3 Month T-Bill (NYSEArca: BIL) last week in terms of seeing massive inflows, and most of these assets fled the product this week, as it seems that the initial trade was simply a short term way to “park” free cash in a stable value 1-3 Month T-Bill linked product before redeploying elsewhere.
PowerShares DB US Dollar Index Bullish
Chart source: StockCharts.com.
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