Credit: Shutterstock photoInvestors plowed nearly $5 billion into ETFs on the first trading day of 2013, but the powerful stock market rally resulting from the U.S. Congress averting the so-called fiscal cliff was the bigger impetus behind total U.S.-listed ETF assets soaring to a new record yesterday.
Net inflows totaled $4.7 billion and total ETF assets reached almost $1.379 trillion, easily eclipsing the previous record of $1.350 trillion reached on Dec. 20, according to data compiled by IndexUniverse.
The SPDR S&P 500 ETF (NYSEArca:SPY) was the biggest asset gainer yesterday, pulling in $3.62 billion, the leading edge of a big move into equities.
Fixed income was the big loser yesterday, and the iShares Barclays 3-7 Year Treasury Bond Fund (NYSEArca:IEI) was the least popular ETF, losing $763.4 million, or almost a quarter of its assets.
Top 10 Creations (All ETFs)
Top 10 Redemptions (All ETFs)
ETF Daily Flows By Asset Class
Top 10 Volume Surprises, Funds 'gt;$50 mm AUM
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
