ETFs See $4 Billion Outflows in June

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July 8 (Bloomberg) -- ETFGI Partner and Co-Founder Deborah Fuhr and Bloomberg's Eric Balchunas discuss ETF outflows with Adam Johnson on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

It is a long one.

Give us the highlights.

The highlights are investors are concerned about qe, when will it stop, be tapered, and they are also concerned about gold.

We saw outflows of nearly 4 billion.

It is the first time we have had outflows in nearly two years.

Etf's have been doing well.

Where we did see money going in was equities.

People are more optimistic on the u.s. market, looking for dividend.

Higher volatility, minimum variance.

Gold has seen that outflows in the month of june oh $4 billion, and year to date, $28 billion has been taken out of gold products.

We look at the top providers of etf's, only vanguard was able to take in net assets in the month of june.

A very difficult month.

Year to date, vanguard has received $28 million of net inflows and the i shares shares business only $22 billion.

Eric , can you speak to where the money has been flowing within equities?


In financials, large cats, small caps.

The u.s. equity space has been doing well.

Xlf has been a big winner . that is the big one.

The big one.

When you look at the top 10, they have been slowly rising.

It is three in terms of new inputs this year.

And from rbc, rob sluymer, said that was a scepter he likes, financials.

Deborah fuhr, i know it is difficult to make an apples to apples comparison, but in terms of outflows we have seen a in the first half of the year, especially the connect fixed income, when is the last time we saw a comparable outflow?

The last time we saw outflows was december, 2010. it has been a long time.

We see that investors become concerned about mutual funds gating and they have used etf's to tactically adjust.

A number of investors -- forgive me, but can you explain what gating means?


Basically, a mutual fund can say you can not take out your money right now.

They have put up a gate.

He had seen that happen in funds, noticeably in 2008 after the lehman brothers bankruptcy.

Many mutual funds were in a wait and see what will happen mode.

Etf's, the ability to trade with multiple brokers any time during the trading day has been a huge benefit, but now investors are cautious and have taken money out of the market and gone into cash and bank deposits as opposed to other asset

This text has been automatically generated. It may not be 100% accurate.


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