QUICK SPARK: Gold ETF Leads Inflows as Investors Pull Billions From Mega-Cap ETFs in One Day
GLD led ETF inflows with $1.19 billion, while QQQ, IVV and SPY shed a combined $4.35 billion as investors rotated across gold, value and defensive ETFs.
People moved some of their money from big tech stocks into gold, which is like trading exciting growth bets for something safer. This tells us investors were feeling a bit nervous and wanted steadier, more protective investments for a day.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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