The buyside continued to pour money into the exchange traded fund sector in July.
According to a recent report from State Street, “U.S. ETF Flash Flows,” flows into the ETF sector continued despite instability overseas, particularly in China and Greece. The money manager also noted that the S&P 500 reversed its -2% drop in June with a +2% gain in the month of July.
Following are a few highlights from the report:
Equity ETFs continued their charge toward the $100 billion mark for the year with $16.6 billion of inflows in July; bringing the YTD to $90.3 billion;
Fixed Income ETFs attracted inflows of $6.9 billion after recording $1.6 billion in outflows in June;
As Bloomberg’s U.S. Dollar Index gained +1.6% for the month, currency hedged ETFs led foreign market flows, attracting $3.1 billion. This brought YTD flows to $43.1 billion.
