In the Margins
Money flowed into stock exchange-traded funds at the fastest pace since flows that immediately followed the U.S. presidential election, Lipper said on Thursday, as the Federal Reserve raised interest rates. U.S.-based equity ETFs took in nearly $18 billion in cash in the seven days through Wednesday, while U.S.-based stock mutual funds posted cash withdrawals of $11 billion for the same period, according to Lipper data. Read the original story from Reuters.
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