MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 22, 2020 ETF Inflows Continue Despite the Crisis, But ... Though ETFs have maintained positive flows despite the coronavirus crisis, their inflows have shrunk dramatically. ETFs in the U.S. gathered $7.81 billion in net inflows in March, according to the ETFGI team, even as the overall mutual fund industry (including ETFs, but excluding money funds and funds of funds) suffered an estimated $326.378 billion in net outflows. Yet ETFs' March net inflows still fell more than 81 percent from their January record and 23 percent from February. (The market's woes began in late February.) Meanwhile, as MFWire previously noted, ETF closures are way up. ETF.com reported on Monday that so far nearly 100 ETFs have shut-down in 2020, while there have been not quite 60 launches. Printed from: MFWire.com/story.asp?s=61190 Copyright 2020, InvestmentWires, Inc. All Rights Reserved |