U.S. equity ETFs have pulled in $12 billion this month after attracting $14 billion in September, Bloomberg reported. Europe ETFs have not been slouches on the inflows front and that is especially true this month.
Since Oct. 1, the Vanguard FTSE Europe ETF (NYSEArca: VGK) has pulled in $467 million while the SPDR Euro STOXX 50 (NYSEArca: FEZ) has brought in $196 million.
Excluding special dividends, payouts from companies in the MSCI Europe ex-U.K. Index will rise 6.8% to $251.2 billion this fiscal year, research firm Markit recently said. [Bank on European Bank Dividends With These ETFs]
PowerShares QQQ
Tom Lydon’s clients own shares of EEM, IWM and QQQ.