ETF Snapshot: US large caps only asset class to record outflows

Outflows of €4.5bn

In the week ending 15 September, US large cap ETFs was the only asset class in the red, according to data from TrackInsight, as investors took profits on soaring US stocks.

US equity markets have continued to grind upwards this year, with the S&P 500 rising 13.7% year to date and 3.3% over the past month.  As a result, the asset class saw outflows of €4.5bn as investors took profits, while concerns remain US President Donald Trump will not be able to secure a fiscal package by the end of the year. Small caps were the strongest performing equity asset class, with €2bn of inflows into ETFs investing in this area, while global stocks and European large caps were also both in the black, recording inflows of €1.3bn and €623m respectively. Emerging stocks E...