November ETF Fund Flows

November saw bullish ETF action, with over $8 billion in top 10 inflows, spread primarily among emerging markets, commodities (specifically GLD), and, surprisingly, the dollar, via the UUP. In the outflow category, the Russell 2000 (IWM) continues to be the biggest loser at ($775) million, even as its S&P sibling, the SPY saw an inflow of $857. We believe this confirms the activity which has started in recent months, of rotation from higher beta stocks (RUT) into merely high beta ones (SPY).

h/t Hedged In

Comments

[Shameful]

Nice to see paper gold swelling, helping keep the physical price affordable for us poor slobs.

[gatopeich]

But premiums skyrocket. Doubled up on Krugers in my town since last week, to 10%.

[mule65]

That explains why IWM was up 6.5% since start of November.

[ghostfaceinvestah]

in other flow news, the Fed continues to buy 70% of the MBS market.

http://www.newyorkfed.org/markets/mbs/

this week, they largely gave up the charade of buying Ginnie's, since that market doesn't really need their support.

[Ragnarok]

Off Topic: Does anyone have any opinions/information on the credibility of the Internet posts of ANOTHER, FOA and FOFOA? Those are some pretty intense THOUGHTS!

Thanks

http://fofoa.blogspot.com/

http://www.usagold.com/goldtrail/archives/another1.html

http://www.usagold.com/goldtrail/archives/goldtrailone.html

[delacroix]

that was some good reading, and excellent perspective from a mideast point of view. better to know too much, than not enough.    but that was 1998, I guess timing is hard to get right, with so many hands in the pie.

[FreddyInBangkok]

gold, oil & interest rates are the 3 kings.