Record equity market performance is driving record inflows of $ 55 billion and assets of $1.47 billion in ETFs and ETPs in Q1 2013
Net inflows of $55 billion in Q1 help to push assets invested in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) listed in the United States to a new all-time high of $1.47 trillion US dollars at the end of Q1 2013. At the end of March, the US ETF and ETP had 1,439 ETFs and ETPs, with 1,439 listings, assets of $1.47 billion, from 53 providers on 3 exchanges...ETF and ETP assets have increased by 8.8% from $1.35 billion to $1.47 billion in Q1, according to figures from ETFGI's Global ETF and ETP industry insights report for Q1.
In March 2013, ETFs and ETPs listed in the US recorded net inflows of $17.1 billion. Equity ETFs/ETPs gathered the largest net inflows with $12.3 billion,
With the move we've seen in the healthcare and consumer sectors lately, we thought it would be worthwhile to post long-term charts of the 10 S&P 500 sectors so you can see exactly where things stand in relation to prior highs and lows. The charts below go back to 1990. Sectors in green are at new all-time highs, while sectors in red have yet to make new highs.
We've certainly seen an explosion higher
Note: In this series, I am attempting to describe the fundamental relationships between and within the yield and price complexes.
Keynes wrote that the old gold standard functioned according to an unwritten set of principles, which he called "the rules of the game." The "rules" primarily referred to gold's role in international trade and finance, but in this article, I am going to refer to them as the broader relationship that gold had with prices and equity and bond yields.
In my previous article, I showed that there appears to have been a revolution in the way that gold relates to these factors. Understanding the nature of that revolution can help investors and citizens understand some of the paradoxes of the modern market.
First, let's review some of what we have learned so far. Or what we think we've learned, at any rate.
1. Real commodity prices have