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Highest ETF Outflows in Three Months

Peter Barnes
Highest ETF Outflows in Three Months

Due to the reconstitution of the Russell indices, US-listed ETFs saw huge outflows last week. FactSet data showed that ETFs posted net outflows of $21.6 billion during the week, which pushed the year-to-date inflows down to $129.4 billion—the largest outflows since late March. US equity (GS) (MS) (BAC) registered outflows of $21.2 billion, while international equity had net redemptions of $4 billion. US equity outflows were mainly concentrated in the iShares Russell ETFs. US fixed-income ETFs was the only asset class that garnered positive inflows for the week. US fixed-income ETFs added $3. ...