ETF Snapshot: Correction causes investors to rotate out of US large caps

Outflows of €12.8bn

Tom Eckett
clock • 1 min read

In the week ending 9 February, investors appeared to have shut the door after the horse had bolted, with US large caps posting record outflows following a two week sell-off in markets.

According to data from TrackInsight, US large caps were the only equity asset class to see negative flows, with outflows of €12.8bn compared to €22.9bn inflows over the two weeks prior, as investors panicked after US markets neared a technical correction. The Dow Jones suffered its worst weekly loss since October 2008 plummeting 4.6% to 24,346 on 5 February, down 9.8% since the 11 January high. Some investors rotated into other equity asset classes with global stocks seeing the highest flows this week with inflows of €2bn. European large caps reversed negative flows the previous we...

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