The Crowd Votes for Stocks over Cash
What do investors love and what do they hate? Where are they putting their money? Analyzing the money inflow/outflow data for ETFs gives us some clues. In a study of U.S. ETF flows just published by the SPDR ETFs, David B. Mazza, the Head of Research observed: “Equities drove a disproportionate share of September’s inflows with …