Many investors appear comfortable betting on stocks to continue rising after a surprising strong first half, according to fund flow data. All four exchange-traded funds that brought in more than $1 billion in new cash over the past week were broad equity funds, according to FactSet. The Vanguard S & P 500 ETF brought in the biggest haul with $4.6 billion, per FactSet. Investors even plowed $1.9 billion into the Invesco QQQ Trust ETF , which is up almost 40% so far this year.
The QQQ still had negative net flows this year as of June 29, though the slightly cheaper QQQM version has positive inflows for the year. The inflows also suggest investors have not been looking to lock in their gains after the first-half rally. Large bond funds such as iShares Core U.S. Aggregate Bond ETF and the Vanguard Total Bond Market ETF also saw inflows this week, so some investors are still hedging their bets on stocks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase stock on pace to snap five-session winning streak amid reported setback for bitcoin ETFsCoinbase Global Inc. shares were dropping about 2% in morning trading Friday after The Wall Street Journal reported that the Securities and Exchange...
Source: MarketWatch - 🏆 3. / 97 Read more »
Charles Schwab, Eli Lilly and more: CNBC's 'Halftime Report' traders answer your questions'Ask Halftime' traders answer your questions about individual stocks and ETFs.
Source: CNBC - 🏆 12. / 72 Read more »
US SEC deems spot Bitcoin ETFs filings as inadequate: ReportThe securities regulator told the Nasdaq and the Cboe that their filings for a sport Bitcoin ETF are not 'sufficiently clear and comprehensive.' According to the Wall Street Journal, the securities regulator told the NASDAQ and the Chicago Board Options Exchange (Cboe) that their filings are not 'sufficiently clear and comprehensive.' These exchanges represent asset managers in the filing of the financial product. Spot Bitcoin ETFs have been denied since 2017 by the SEC. In Canada, however, the financial product is already available. Three significant funds — Purpose Bitcoin, 3iQ CoinShares and CI Galaxy Bitcoin — are all directly invested in spot Bitcoin.
Source: Cointelegraph - 🏆 562. / 51 Read more »