Investors are turning bullish on equity exchange-traded funds after a year mostly characterized by caution.
U.S.-listed stock ETFs took in $23.9 billion of fresh investor cash last week, according to FactSet. That’s equal to roughly 11% of the total inflows in 2023 for equity funds.
Stocks have traded in a tight range in recent weeks, but investors have been ramping up bets that the U.S. economy will retain its strength, keeping Treasury yields high. Fixed-income ETFs took in about $6 billion in the trading week ended Friday.
