In the US, end of the week ETF inflows paint an interesting picture

Jay Soloff

Argonath Financial

In the US, end of the week ETF inflows paint an interesting picture. The biggest inflows were taken in by the Utilities Sector SPDR Fund (XLU). That makes sense given the recent prevalence of the risk-off trade. Next biggest flows went to the iShares MSCI India ETF (INDA). India has been a hot spot for investment dollars as the recent election results have been very bullish for the country's stocks. What's most interesting is the third most inflows went to Direxion Daily Small Cap Bull 3X Shares ETF (TNA). Utilities and India makes sense, but a 3x leveraged small cap fund? That's a fairly risky proposition given the environment. It's the sort of trade you'd expect to see in a risk-on market. Perhaps it's a sign that investor sentiment is starting to shift. As always, only time will tell. (VIEW LINK)

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Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


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