39 days ago • Posted by Martin Boujol
Record inflows for stock ETFS in February
The combination of rising Treasury yields and tech stocks backing up encourage exchange traded funds to pour money into equities. ETFs tracking stocks recorded their best month of inflows, as traders added $86 billion into those funds in February. Equities keep climbing, led by an economic reopening. The trend is further supported by treasury yields and vaccines rollouts, as well as by the pressure on already high valued tech stocks. Vanguard Group's S&P 500 ETF lured over $11 billion of inflow, BlackRock Inc's iShares Core S&P 500 ETF saw a intake of $8.4 billion this month, as new record, while Invesco's QQQ Trust Series 1 came third with $3.5 billion.