Weekly ETF Flows: Eight Sectors Record Outflows; Gold Leads Inflows
For the week ended August 21, eight out of eleven sectors recorded net outflows as investors shifted capital away from broad market exposure. Despite a decline in price performance by 0.90%, SPDR S&P 500 ETF Trust (SPY) still attracted $7.68 billion in inflows due to its status as the world's largest ETF. Meanwhile, gold-related investments saw strong demand with SPDR Gold Shares ETF (GLD) receiving a significant influx of capital totaling $3.38 billion for the same period.
Topics: ETF flows GLD inflows SPY performance