Investors Rushed to Into Asia ETFs Amid the Trump-Kim Meeting
- Ex-Japan Asia ETF had almost $200 million of volume on Monday
- Silver funds also see action as price of metal climbs
This article is for subscribers only.
At the surface, the much anticipated meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un seemed to be a big nothing for markets.
But behind the scenes, traders were scurrying to move money amid the geopolitical noise, sending flows to some Asia exchange-traded funds. Volumes for U.S.-listed ETFs on Monday were almost 20 percent below their daily average over the past 20 days, according to an analysis by Josh Lukeman of Credit Suisse Group AG.