Investors pumped $25.2 billion into U.S.-listed ETFs during the first 17 trading days of the year and 92% of that cash has ended up in stocks, according to ConvergEx Group.
The ETF market has experienced a run rate of $1.5 billion of inflows a day, which exceeds the January 2012 pace by a healthy 66%, says Nicholas Colas, ConvergEx chief market strategist. [BlackRock Chief Says Investors Using ETFs to Buy Stocks]
Meanwhile, in mutual funds, investors have added $12.7 billion to stocks during the first two weeks of January. [Stock ETFs Rally as Investors Return to Risky Assets]
“With ETF flows so solidly ‘Risk on,’ at least we know the market’s huge move from the March 2009 lows is, finally, getting some attention,” Colas said in a note Tuesday.