Money Managers Piling Into Equities As 2017 Approaches

Analyst Paul Weisbruch of Street One Financial points out substantial flows into the “big three” major index equities-linked ETFs as we approach the end of the year.

Inflows into SPY have picked up steam following the FOMC rate decision earlier this week, and we see a staggering more than $8.3 billion entering the fund via creation flows in the past several days. The SPX itself has been hanging in there in spite of rocky trading in Emerging Markets and in things like Crude Oil this week, trading within 13 points of its all-time intraday high just four trading sessions ago.

Additionally, recent outflows in QQQ (Nasdaq 100) have quickly reversed to substantial inflows, as QQQ has taken in over $2 billion in recent sessions as well. Other “benchmark” index ETFs like DIA (Dow Jones Industrial Average) have also been active this week post-FOMC with more than $900 million entering that fund.

In short, it feels like managers whom may have missed the last quarter by staying in cash or perhaps even by being short, are using broad based index ETFs to quickly embrace equity exposure headed into year end.

The SPY and DIA were both slightly higher in Friday afternoon trading, while the QQQ was off by about 0.25%.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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