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Cecelia Zhong Joins Interactive Brokers as Executive Director
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Robinhood banks on retail trader loyalty in IPO debut
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Wall Street-Tracking ETF Suffers Worst Outflow Since 2008 Crisis
Jul 22 2021, 2:58 PM
July 21 2021, 5:35 PM
July 22 2021, 2:58 PM
(Bloomberg) An exchange-traded fund tracking the fortunes of Wall Street has just posted its worst day for flows since the 2008 financial crisis.
(Bloomberg) An exchange-traded fund tracking the fortunes of Wall Street has just posted its worst day for flows since the 2008 financial crisis.
Investors withdrew $110 million from the iShares U.S. Broker-Dealers & Securities Exchanges ETF (ticker IAI) on Tuesday, according to data compiled by Bloomberg. That cut assets in the product by 12% to $805 million.
Itâs a notable reversal for the fund, which had lured almost $700 million in the year through Friday after a decade in the doldrums.