ETF Flows Keep Rolling in as Stocks Rebound in October
ETFs continued to drum up flows as investors kept an eye toward inflation last month.
October marked another month of inflows for U.S. exchange-traded funds, as markets broadly course-corrected after a shaky September. ETFs pulled in an estimated $77.2 billion of new money last month. Their year-to-date haul rests at $720 billion with two months left in what has already been a record-setting year.
Stocks rebounded last month after slipping in September. The Morningstar Global Markets Index--a broad gauge of global equities--climbed 4.8%, its best month since December 2020. Bonds curbed their slide as well but couldn’t recoup their losses. The Morningstar U.S. Core Bond Index didn’t provide a return in October and has declined 1.63% for the year to date.
Ryan Jackson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.