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 close to $19.7 billion being added.