ETF Inflows Rebounded despite Rising Geopolitical Concerns
The latest economic data and renewed geopolitical concerns failed to thwart ETF inflows last week. According to FactSet, US-listed ETFs attracted inflows worth $13.2 billion, which took the year-to-date inflows higher to $71.2 billion. All of the major asset classes witnessed positive inflows. US equity ETFs added $6.9 billion, while international equity collected $1.0 billion. US fixed-income ETFs also saw a healthy addition of $4.0 billion amid a rise in the ten-year bond yield to 2.83%—compared to 2.78% last week. International fixed-income garnered $355 million.