Jun 6, 08:47 AM

U.S. Small-Cap ETF Outflows Continue Amid Record $75B Gold Inflows and $95B Cash Surge; Europe, Emerging Markets See Gains

Recent data from Bank of America and EPFR indicate notable shifts in global investment flows. U.S. equity exchange-traded funds (ETFs) have experienced outflows for the past three weeks, with small-cap and large-cap segments particularly affected. In contrast, European equities have seen inflows for eight consecutive weeks. Sector rotations within U.S. equities show increased inflows into gold and high-yield debt ETFs, while financials, broad municipal bonds, and treasury ETFs have seen outflows. The largest weekly ETF flows include outflows from the iShares Russell 2000 ETF (IWM) totaling approximately $2 billion and the Invesco QQQ Trust (QQQ) with nearly $1.9 billion in outflows. Conversely, inflows were recorded for the SPDR Gold Shares (GLD) at about $1.1 billion and the iShares Core Aggregate Bond ETF (AGG) at $1.4 billion. Gold has experienced a record inflow year, reaching $75 billion year-to-date, while cash saw its largest inflow since January, approaching $95 billion in the latest week. Emerging markets have recorded the strongest inflows into equities and debt over the past eight weeks.

#Bank of America #EPFR #European #iShares Russell 2000 ETF #Invesco QQQ Trust #QQQ #SPDR Gold Shares

Written with ChatGPT (GPT-4).

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