ETF snapshot: Investors sell US large-cap ETFs, rush into bonds

European large caps and global stocks also see inflows

During the week ending 23 June, investors sold more than €3bn of US large-cap stock ETFs, taking profits as US markets continued to rise to record levels, according to data from TrackInsight, while developed country bond ETFs took in money.

The money flowing out of US equity ETFs could highlight the fact investors are becoming increasingly bearish about President Donald Trump's ability to implement his pro-growth agenda, with the €3bn of outflows coming in stark contrast to the €4.7bn during the previous week. Investors also seem to be taking some risk off the table, as developed high yield bonds recorded outflows of €1.1bn while developed government bonds saw inflows of €1.3bn. Furthermore, developed investment grade bond ETFs continued their strong run, taking in €2bn during the week.  Unlike US equity products, glo...