07.07.21
ETF Inflows on Track to Shatter 2020 Record
by: Jeff Benjamin
Through the end of June, net flows into exchange-traded funds (ETFs) reached $473 billion, which is just $31 billion shy of the record $504 billion for all of 2020. While the flows into ETFs are unprecedented even against the backdrop of a record 2020, the trend has been shifting away from bond ETFs toward equity funds this year, according to Todd Rosenbluth, director of mutual fund and ETF research at CFRA. Bond ETF inflows set a record last year at $208 billion, which compares to $106 billion so far this year. Meanwhile, equity ETFs have taken in $363 billion already this year, which compares to $249 billion for all last year. Rosenbluth cites a migration away from mutual funds as a potential factor, as well as money moving from individual stock portfolios and money moving off the sidelines.
Read the full article on InvestmentNews.