MarketWatch: “Investors got spooked by the Christmas market massacre, new fund flow data shows”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek:
.... "In the seven months since the massive Christmas market sell-off, exchange-traded and mutual funds still haven’t recovered all the money flows they lost. And the money that has come back in to funds is being allocated very differently, suggesting investors are a bit more risk-averse – and yield-hungry.
Those observations come from DataTrek Research, which tallies up information from the Investment Company Institute, for mutual funds, and www.xtf.com, for ETFs. DataTrek co-founder Nicholas Colas notes that $134 billion rushed out of U.S. listed funds and ETFs in December 2018, and as of about mid-July, only $130 billion has flowed back in"....
Read the full article here on MarketWatch!