My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“Active ETFs are not a contradiction, but an innovation.”
“If you omit gold ETF assets from the picture, this is a forlorn group of ETFs chasing scarce dollars.”
ETF Tweet of the Week: ETFs are on pace to celebrate an *annual* inflow record complete with barbeque, fireworks, and six months to spare!
U.S. ETFs are going to break their annual flow record, and it could happen around July 4th — with 6 months to spare. Current record is around $497 Bln from 2020. Currently taking in $3.9 Bln per DAY.
For context, ~$4 Bln per day makes for $1 trillion in annual flows. pic.twitter.com/yCBvsxZ0OM
— James Seyffart (@JSeyff) June 3, 2021
ETF Chart of the Week: While not specifically related to ETFs (though there was some impact), meme stocks stole the show this week. The below chart displays the history of tickers mentioned on r/WallStreetBets over the past 90 days. Note AMC’s recent surge.
Source: Joe Weisenthal / YOLO Stocks