Financials Overview: Week of October 9–13, 2017

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Part 3
Financials Overview: Week of October 9–13, 2017 PART 3 OF 3

Yearly ETF Inflows Surpassed $350 Billion

International equity 

ETF inflows continued to trend higher last week even as the equity markets made new highs. The S&P 500 Index (SPX-INDEX) (SPY) closed at 2,553.2—up 0.86%. The MSCI World Index also recorded its all-time high. Around $8.3 billion worth of inflows were added in the ETF last week, which takes the year-to-date total to $353.1 billion. All of the major asset classes witnessed positive inflows with international equity pulling in the highest inflows at $4.1 billion followed by the US equity (JPM) (BAC) (C) (WFC) at $1.8 billion. US fixed income continued to witness steady inflows with $1.7 billion, while commodities added $97.5 million.

Yearly ETF Inflows Surpassed $350 Billion

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The iShares Core S&P 500 ETF (IVV) was the top ETF of the week with inflows worth $1.3 billion. YTD, IVV witnessed record inflows of $25.2 billion. Last week’s other popular ETFs included the iShares Core MSCI Emerging Markets ETF (IEMG) and the iShares Core MSCI EAFE ETF (IEFA) with inflows of $962 million and $863 million, respectively.

The SPDR S&P 500 ETF Trust (SPY) continued to lose ground with net redemptions of $866 million followed by the Utilities Select Sector SPDR Fund (XLU) with outflows of $529 million.

Upcoming events

This week, China and the United Kingdom will report their inflation numbers for September. China’s consumer prices rose 1.8% year-over-year in August, while the United Kingdom’s consumer prices rose 2.9%. The United Kingdom will also release the unemployment rate for August. Japan will announce the balance of trade data for August. The US will release data pertaining to building permits, housing starts, and industrial production.


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