It’s July for the record books.
State Street Global Advisors notes that inflows into exchange-traded funds amount to $127 billion. Not only was it the best July ever, but the company’s head of SPDR Americas Research notes that this is also the second-largest monthly inflow on record.
“Some of it is just the market,” Matt Bartolini told CNBC’s “ETF Edge” on Thursday. “We see investors betting money from the sidelines. A lot of money has been built up over the years. We started to see investors really making a concerted effort to keep buying into this rally. We also saw some sort of broadening of market depth in Rotation conditions are taking place.”
Bartolini also points to a narrowing spread between growth and value-oriented ETFs.
“It’s not so heliocentric toward technology,” he said.
First trillion dollar year for ETF industry?
BTIG’s Troy Donohue thinks ETFs are headed for a major milestone by the end of the year, as long as election season macro factors don’t make investors too hesitant.
“It’s been a great start to the year,” said Donohue, head of BTIG’s portfolio trading in the Americas. “[It] could be the ETF industry’s first trillion-dollar year.”
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