Wall Street ETF Gets $211 Million Mystery Inflow, Most Since 2008
- IAI sees its second-biggest inflow in off-exchange transaction
- ETF focused on broker-dealers, exchanges is up 25% since June
This article is for subscribers only.
Seemingly out of nowhere, an exchange-traded fund tracking the fortunes of Wall Street has been lavished with its largest inflow since February 2008.
After months with barely any capital moving in or out, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (ticker IAI) added $211 million on Monday, according to data compiled by Bloomberg. It was the second-best influx since the product launched in 2006, and one of only two inflows of more than $100 million in well over a decade.