For fund flows, April came in like a lion, and went out... like a lion.
ETF flows, which have been strong all year, continued strong in April. Roughly $42 billion in net new money came in, which is roughly the same inflow we have seen every month this year. The four month total is now $170 billion, the highest level for inflows in the first four months we have ever seen.
At this pace, we could have a $500 billion dollar year for inflows, which would be a record. It also works out to roughly $1.3 billion a day for ETFs so far in 2017.
"As has been the case the last few months, this was a rising tide lifting all ships. Pretty much all risk on asset classes had strong flows," said Dave Nadig, CEO of ETF.com.
Three sectors saw particularly strong inflows:
- Plain-vanilla U.S. ETFs (IVV, VOO), particularly S&P 500 ETFs.
- European funds, with a particularly strong month for the iShares MSCI Eurozone ETF (EZU), which increased its assets under management by 10 percent.
- Emerging markets, where large funds from iShares (IEMG) and Vanguard (VWO) increased assets by roughly 5 percent apiece.