Grapevine

By Cnbc
Aug 3, 2024

ETF inflows set record high in July, State Street Global Advisors finds

It's a July for the record books.

State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm's head of SPDR Americas research notes it is also the second-largest monthly inflow ever.

"Part of it is just the market," Matt Bartolini told CNBC's "ETF Edge" on Thursday. "We see investors deploy cash from the sidelines. A lot of cash was built up over the years. We started to see investors really make a concerted effort to continue to buy into this rally. We also saw sort of broadening in the market depth in terms of rotation take place."