ETF Trends publisher Tom Lydon appeared on CNBC’s Closing Bell on Wednesday to discuss ETF flows with anchors Kelly Evans and Bill Griffeth.
Lydon was featured alongside CNBC’s Bob Pisani who discussed out-performing retailers at 52 week highs and sinking tech stocks with Steve Grasso, Stuart Frankel & Co. director of institutional sales.
“Valuations in the U.S. are lofty for sure, but traditionally investors in the U.S. are underallocated overseas,” Lydon said. “When you look at general flows specific to ETFs, we’re going to break through $600 billion this year, crushing last year’s record of $380 billion. And the key thing is equity fund flows have been greater overseas than they were last year, so that’s a good thing from a valuation standpoint.”
As investors are seeing pullbacks around the world, Lydon said many should consider taking advantage in greater valuation markets like emerging markets.