The third quarter of the year is now in the books and newly released data shows ETF investors were net buyers of large-cap stocks over the last three months. ETFs that track the S&P 500 Index accounted for three of the five largest inflows, totaling over $16.5 billion in new assets.
Not surprisingly, the SPDR S&P 500 ETF Trust (NYSE: SPY) led the way with $11.3 billion in new money. This capital surge came despite a relatively tepid 1.13 percent total return over the last three months. Investors have been eschewing small and mid-cap stocks for stalwart large-cap names due to better relative strength and stability.
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Emerging markets were also a gainer ...
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