ETF Flows Cool Off as Stocks Stumble Out of the Gate
Tepid ETF flows accompanied turbulent markets in January.
Global stock markets hit reverse in January 2022 after barreling full speed ahead last year. The Morningstar Global Markets Index--a broad gauge of global equities--followed last year's 17.8% return in 2021 with a 5.2% slide last month. That was the benchmark's worst monthly showing since its pandemic-fueled 14.2% drawdown in March 2020. Bonds offered no shelter. The Morningstar US Core Bond Index retreated 2.1% in January, its worst month since November 2016.
Ryan Jackson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.