ETFs experienced record monthly outflows of $12 billion in June, interrupting a 16-month streak of consecutive monthly inflows, the
WSJ's Chris Dieterich reported.
In comparison to $76 billion in net inflows through the first half of last year, ETFs are seeing less net inflows this year, bringing in $73 billion. The entire year of 2012 had net inflows of $188 billion, a record for ETFs.
Gold prices fell 23 percent, the worst percentage decline since 1975, bringing down gold ETFs, with the
SPDR Gold Trust [
profile] seeing $11.5 billion in outflows. Emerging market equity ETFs suffered as well.
BlackRock's
[profile] iShares MSCI Emerging Markets suffered $6.7 billion in outflows. Last but not least, large bond funds such as
iShares iBoxx Investment Grade Corporate Bond ETF had outflows of $3 billion.
But there is a silver lining:
ETFs holding bonds with shorter durations are still going strong as rising interest rate concerns have ruled demand. The
iShares Short Treasury Bond, that holds bonds which mature in less than a year, brought in $1.5 billion.
To read the full story, click
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Edited by:
Casey Quinlan
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