ETF Investors Are All-In on Stimulus With $17 Billion Stock Bet
- Funds this month lure $23.3 billion in only seven trading days
- Flows come ahead of likely worst earnings season in history
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As stocks posted their biggest weekly gain since 1974, skeptical Wall Street veterans shook their heads in amazement. But exchange-traded fund investors did what they always do -- they piled in.
In only seven trading days this month, equity ETFs took in more than $16.5 billion, according to data compiled by Bloomberg. The torrid pace puts inflows on track to exceed the monthly total of $42.5 billion in December, when stocks rallied during what ended up being the tail end of an 11-year bull market.