By Dhirendra Tripathi
Investing.com – U.S.-listed exchange traded funds saw a record weekly inflow of $71 billion, driven by a rapidly recovering economy and liquidity sloshing around the world, for the week ended March 18.
In less than three months, $252.5 billion has flowed into ETFs, according to financial data and analytics company FactSet. At the current pace, ETFs are on track to collect over $1 trillion this year, which would put the current record of $507.4 billion in 2020 to shame.
U.S. equity ETFs have garnered most of the money with inflows -- totaling $138.1 billion -- in the January 1 to March 18 period, ETF.com said, quoting data from FactSet. That's as a result of skyrocketing U.S. companies, particularly tech stocks that have been fueled by the legions of people sent to work from home.
The Federal Reserve’s continued pumping of the economy to keep Covid-19 damage from overwhelming the economy is helping the fund flow. Central banks all over the world have followed the Fed in doing their bit to keep their economies going. The net result has been booming stock markets.