Stoked by Greece's flirtation with Eurozone departure, which prompted a five-week closure of equity markets there, and plummeting Chinese stocks, July was a turbulent month for global stocks but that did not stem the tide of inflows to exchange traded funds.
“July global ETP flows of $36.3 billion were the best in five months, and the second best month of the year, with investors initially favoring safer fund categories before shifting attention to non-U.S. developed markets equity later in the month,” according to BlackRock, the world's largest asset manager and parent company of iShares, the world's largest ETF sponsor.
U.S. Equity
As China and Greece rattled some investors last month, U.S. equity and fixed income ETFs benefited. For example, the SPDR S&P 500 ETF (NYSE: IVV), Vanguard S&P 500 ETF (NYSE: VOO) and the iShares Core S&P 500 ETF (NYSE: IVV) were each among the month's top 10 asset-gathering ETFs. Only SPY added more than the $1.96 billion hauled in by the iShares 1-3 Year Treasury Bond ETF (NYSE: SHY), a sign that investors were comfortable turning to shorter ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5738079/china-greece-dont-derail-etf-inflows-in-july alt=China, Greece Don't Derail ETF Inflows In July>Full story available on Benzinga.com
More...