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« December 3rd Blogger Sentiment Poll | Main | December 10th Blogger Sentiment Poll »


It may be this blog that is the source of a (now) often quoted 'fact' that the outflows from equity mutual funds has been totally offset by inflows into equity ETFs.

Therefore the previously stated 'cash on the sidelines will drive up markets when they pile on' and 'investors missed all the great gains' were all hogwash.

But can the author explain why the statistics of ETF's units and mutual fund inflow/outflows say ANYTHING about cash flows into/outof equities? Both these structures hold actual company shares. When they shrink, they liquidate their holdings of these shares and sell TO SOMEONE ELSE.

Ownership changes but the number of company shares in the market does not change. SOMEONE still owns them.

ETF units can be hugely driven by institutions (not retail) as witnessed in the logarithmic growth in the Credit Crunch, when mutual funds needing liquidity swapped baskets of their shares for ETF units.

ETF Total Assets Rise to $1.32T hmm beatfull

ETF Total Assets Rise to $1.32T

articipate at this trading poll sentim

t this trading poll sentim

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Blogger Sentiment

  • The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2015 Ticker Sense Blogger Sentiment Poll

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