Cumulative Mutual Fund + ETF Flows by Bull Market Cycle: Bonds vs. Equities Flows Is this the most hated bull market in history? Well, investors continue buying bonds. Picture source: ICI Mutual & ETF Flow
U.S. Bond ETFs Top Inflows Record In June, investors significantly increased their exposure to bond funds, as weak economic data fuels slowdown worries. U.S. bond ETFs inflows hit $25.4bn. Picture source: Financial Times
Short Interest on the Largest S&P 500 ETF Is at the Highest Since 2015 Keep in mind that the S&P 500 Index is only 5% away from its all-time high. Picture source: Bloomberg
US Equity Market Sentiment and Relative ETF Flows Since 2018 This chart shows the correlation between US equity market sentiment and relative ETF flows recently. Inflow to US equity type ETF has picked up recently. Picture source: Nomura
The Rise of ETFs May Distort the Stock Market Vanguard holds more than a 5% stake in 99.8% S&P 500 stocks. Picture source: BofA Merrill Lynch
US Fund Flows 2013-2019 (All Stocks, All Bonds, Mutal Funds and ETFs) Once again, it looks like investors see a recession on the horizon by selling equities and buying bonds. See “The Stock Market Continues to Climb the Wall of Worry” Picture source: Topdown Charts
The Short Interest in the S&P 500 ETF (SPY) to Lowest Since Late 2017 Is it a contrarian indicator? Only time will tell… The market is strong and historically, the 3rd year of a president’s term is positive (91% of the time since 1925). Source: Hedgopia
GLD Gold Holdings SPDR Gold Shares (GLD) is the world’s largest physical gold ETF. A continued growth in ETF gold holdings over a period of time could be a bullish factor. Picture source: State Street Global Advisors SPDR Gold Shares, Lighthouse
U.S. Active vs. Passive Fund Net Flows Active mutual funds exhibits persistent outflows, while inflows into index-tracking U.S. mutual funds and ETFs continue to rise. Picture source: Bloomberg
The Rise of Passive Investing Net inflows into index-tracking U.S. mutual funds and ETFs rose by around 50% in the second quarter from a year earlier. Picture source: The Wall Street Journal
