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Financials Overview: Week of August 28–September 1, 2017

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Part 3
Financials Overview: Week of August 28–September 1, 2017 PART 3 OF 3

Strong ETF Inflows Continued for the Week Ended September 1

Higher inflows in US equity

US-listed ETFs had strong inflows last week with the addition of $10.3 billion, bringing the year-to-date total to $303.7 billion. August witnessed inflows worth $29.9 billion. Most major asset classes saw positive flows during the week. Despite geopolitical concerns, the stock market’s impressive rally led to higher inflows in US equities (BAC) (JPM) that amounted to $4.4 billion. International equities also witnessed impressive inflows worth $2.8 billion. The US Fixed Income added $1.9 billion.

Strong ETF Inflows Continued for the Week Ended September 1

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The iShares Core S&P 500 (IVV) had the largest inflows of $1.9 billion, followed by the PowerShares QQQ ETF (QQQ) with additions of $1.1 billion. The SPDR S&P 500 ETF (SPY) added $958.0 million. The SPDR Gold Shares (GLD) added $709.0 million. The largest outflow was witnessed by the iShares Russell 2000 (IWM) with net redemptions of $671.4 million. The SPDR Dow Jones Industrial Average ETF (DIA) had outflows of $501.5 million.

Upcoming events

This week, the United States (MS) (GS) and Canada will release the balance of trade data for July. The week will also see the release of the second quarter GDP data for Australia and Switzerland. The Reserve Bank of Australia and the Bank of Canada will also announce their interest rate decisions. The ISM (Institute of Supply Management) Non-Manufacturing PMI (Purchasing Managers’ Index) data for July will also be released this week.

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