Investors have been pouring into Exchange Traded Funds (ETFs) this year. $108 billion flowed into ETFs year to date, $24 billion of which came during the last three months.
Yet while investors have been pouring into commodity, fixed income, and global equity ETFs, one very important category has remained a complete pariah — U.S. Stocks.
Despite the stock market rally we’ve witnessed during the last three months, money has continued to flow out of U.S. equity ETFs. Thus while some might be able to argue that the crowd has jumped into commodities, fixed income, and global equities, it’s pretty hard to say that investors are in love with stocks again.
ETF investors continue to flee American stocks, which suggests we are nowhere near a new ‘bubble’ for U.S. equities.
Get This Delivered To Your Inbox
You can get this dropped in your inbox every afternoon as The Chart Of The Day. It’s simple. It’s convenient. It’s free. All we need is your email address (though we’d love your name and state, too, if you’re willing to share it). Sign up below!
Email State First Name Last Name
Business Insider Emails & Alerts
Site highlights each day to your inbox.