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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 close to $19.7 billion being added.

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