ETF Inflows of $26.8B Exceed $21B Equity Futures Selling Last Week
JPMorgan data showed ETF buying exceeded futures selling in U.S. equities. Fixed-income funds drew inflows while commodities and some emerging-market funds recorded outflows.
quantifiedstrategies.comU.S. equity futures recorded $21 billion in net selling last week, according to JPMorgan data cited by @DeItaone. Most of the pressure occurred on Friday in S&P 500 and Nasdaq 100 contracts. 8 billion during the same period and more than offset the futures selling.
The net result left overall equity exposure higher despite the week’s volatility. Fixed-income ETFs attracted strong demand. Commodities funds and some emerging-market funds posted redemptions. Investors rotated holdings across sectors while maintaining long equity positions.
The continued long stance persisted even as prices fluctuated during the week.
