“U.S. ETFs have realized only a single month’s worth of outflows in the last year,” Morningstar ETF analyst Abraham S.H. Bailin said in a research note.
TrimTabs argues that the money is finding its way into ETFs, noting that the pervasive withdrawal from mutual funds for ETFs is “the theme of the year.” The research firm points out that U.S. equity mutual funds saw net outflows of $73.4 billion, whereas U.S. equity ETFs brought in $17.3 billion. [ETF Flows Hold Up as Investors Flee Stock Mutual Funds]
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Max Chen contributed to this article.