FYI: With just three more trading days left in June, the S&P 500 has rallied more than 17% in 2019, pushing the SPDR S&P 500 ETF to new highs. ETF inflows remain positive but choppy — and are slowing down significantly from a year ago.
Average monthly inflows have fallen from $30 billion to closer to $10 billion — a rate Nick Colas from DataTrek Research said will be the new norm.
“We’re not going to have this monster growth that we had in the middle part of the decade,” Colas said Monday on CNBC’s “ETF Edge.” “It’s just going to be slower and more organic.”
And so far, the U.S. has seen total inflows of roughly $68 billion — about half of what we saw by this time last year, according to ETF.com — slowing but still growing.
Still, the ETF business has had some notable winners this year — and it’s a fairly diverse group leading the charge.
Regards,
Ted
https://www.cnbc.com/2019/06/25/the-best-performing-etfs-of-2019-and-whats-driving-them.html
