UPDATE 1-U.S. stock ETFs attract most cash since June -Lipper [Reuters (UK)]
VAN ECK VECTORS GENERIC DRUGS ETF (GNRX)
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vaneck.com/etf/equity/gnrx/overview
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Source: Reuters
U.S. stock ETFs attract most cash since June: Lipper | Reuters Trevor Hunnicutt 2 Min Read NEW YORK (Reuters) - U.S. fund investors regained their risk appetite during the latest week, draining money market funds and pouring their cash into stocks after six straight weeks of withdrawals. Stock exchange-traded funds in the United States attracted $9.2 billion during the week ended Aug. 30, the most since June, according to Lipper data on Thursday. That more than offset the $3.1 billion that bled from equity mutual funds in the same period, the research service said. Mutual funds are heavily favored by retail investors, while ETFs draw a diverse set of clients, including fast-trading hedge funds. Tom Roseen, head of research services for Thomson Reuters' Lipper unit, said there is plenty to worry about with ongoing conflict between North Korea and the United States as well as "lofty" U.S. stock prices. Yet the global economy looks good. "People were a little bit more aggressive," Rose
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