ETFs
The 20 ETFs with the biggest outflows for April 2024
April is the cruelest month, the poet TS Eliot once wrote. And while he may not have thought about ETFs, last month’s net flows for the funds were a bit of a wasteland.
In April 2024, U.S. exchange-traded funds absorbed 63% less investor capital than in March. In total, consumers invested $37.98 billion in these products, compared to a massive sum of $102.53 billion the preceding month.
The decline in stocks in April partly explains the drop in investments. Last month, after nearly six months of gains, the S&P 500 fell 4.2% and the Dow Jones fell 5%. According to a Arizent survey of wealth managersThe decline has made many investors nervous and reluctant to take risks.
All of this appears to have taken a toll on equity-based ETFs. In April, U.S. stock ETFs took in $13.54 billion, down 75% from March. And sector stock ETFs went from inflows to outflows, suffering a net loss of $3.19 billion in investor cash.
Which funds suffered the biggest outflows? Scroll through the card overview below to find out. All data comes from Morningstar Direct and is current as of April 30, 2024.
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