ETFs
Citi – ETFs continue to bring weekly inflows
Citi Research highlighted on Friday that the investment community was overall net buyers of fund assets for the week ended June 5, with exchange-traded funds seeing a week of positive inflows.
In total, market participants injected $10.7 billion into equity funds, while adding $17.8 billion into bond funds, according to the bank.
The financial institution went on to say that most of the inflows observed were primarily towards US and global exchange-traded funds, which saw $7.7 billion and $3.6 billion in inflows, respectively. Elsewhere in the world, funds based in Europe and Japan continued to experience larger declines.
On the emerging markets front, Taiwan and India ETFs both generated significant investor inflows, bringing in $3 billion and $1.2 billion, respectively. As for China, it saw outflows of $1.1 billion, but Hong Kong saw overall positive inflow ETF data.
Separately, averages for major Wall Street markets fell Friday following the latest payrolls report, sending ETFs that track the market lower.
ETF tracking Dow, S&P and Nasdaq: (NYSEARCA:DIA), (DDM), (UDOU), (DOG), (DXD), (SDOW), (NYSEARCA:TO SPY), (VOO), (IVV), (SSO), (UPRO), (SH), (MSDS), (SPXU), (NASDAQ:QQQ), (Queensland), (TQQQ), (QID), And (SQQQ).