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.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »