Exchange traded funds are attracting greater asset inflows as investors become more confident that the rally in stocks is for real.
According to a Deustche Bank research note, exchange traded products saw another week of robust inflows for the week ended Jan. 27, bringing year-to-date inflows to almost $29 billion.
U.S.-listed ETPs brought in $6.7 billion in inflows for the week, compared to $10 billion in the week ended Jan. 20. [U.S. ETFs See More Inflows]
ETPs covering all asset classes, except foreign currencies, saw positive inflows over the week. Notably, equity, fixed income and commodity ETPs gained $3.4 billion, $2.5 billion and $1.2 billion, respectively.
Looking within equity ETPs, emerging market investments took in the lion’s share, with $1.5 billion, followed by mid-cap ETPs with $0.7 billion. [Reemerging Markets ETFs?]
For fixed-income assets, corporate bond funds brought in the largest portion at $1.8 billion in inflows, followed by sovereign debt ETPs with $0.4 billion.
In commodity ETPs, precious metals saw the highest inflows, adding $1 billion.
On the other hand, leveraged products experienced the biggest outflows, losing $0.5 billion.
For more information on ETF flows, visit our ETF performance reports category.
Max Chen contributed to this article.
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.