QUICK SPARK: $5.3B Flows Into ETFs. VOO, SGOV and GLD Lead Investor Demand
VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
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GLD slips 22% from its peak as Goldman Sachs cuts its gold price target. Explore the tactical bear case and the structural bull case.
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VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
Dan Loeb's Third Point sold its entire gold stake after one quarter, just before bullion rallied in August.
QQQ attracted $860.25 million and VOO $693.23 million in ETF inflows Thursday, while GLD added $627.68 million as total ETF flows reached $2.83 billion.
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