ETF snapshot: Investors take profits in US large caps after strong week

Small caps and high yield also see outflows

During the week ending 5 May, US large-cap ETFs globally gave up some of the strong gains they had seen during the previous week, according to data from TrackInsight, while emerging market and global stocks saw the highest inflows.

US large-cap ETFs saw redemptions of €4.2bn during the week, after seeing €11.5bn of inflows during the previous week, as investors took some profits. This could be partly due to a slowdown in US growth to 0.7% in Q1, though Fed chair Janet Yellen has tried to calm markets by saying this is "likely to be transitory". Small-cap stock ETFs also gave up some of the strong demand, seeing outflows of €666m versus inflows of €3.8bn during the week ending 28 April. In bonds, developed investment grade bond ETFs continued to see strong demand, with €1.3bn of inflows added to the previous w...