After soaring in March, ETFs came back to earth in April.
U.S. exchange-traded funds saw a net inflow of $37.98 billion last month. That’s 63% less than in March, when the funds took in a whopping $102.53 billion. In terms of investor cash, it was the assets’ smallest haul since August 2023.
Equity-based funds were hit particularly hard. U.S. equity ETFs took in $13.54 billion, a steep drop from the $54 billion they garnered in March. And sector equity plunged from a net inflow of $7.89 billion in March to a net outflow of $3.19 billion in April.
Given the month the stock market had, this is not surprising. In April, the S&P 500 fell by 4.2% and the Dow fell by 5%, ending a five-month stretch of gains for both indexes.
But not all ETFs did poorly last month. The commodities category jumped from $127.81 million to more than seven times that amount in April, with a net inflow of $930.89…
