Inflation: Investors voting with their feet.
This From Don Dion over at The Street.com
Ben Bernanke's ETF Nightmare
Investors are on to the Fed's game, which means the game is over.
If the Federal Reserve is always on the lookout for inflation expectations, I suggest that Ben Bernanke take a look at the September ETF net cash flows, courtesy of the National Stock Exchange. It is ringing a bell, loud and clear, that investors fear inflation.
The No. 1 destination of investors' cash was SPDR Gold Shares {GLD} with $2 billion in net inflows. It was followed by iShares Barclays TIPS {TIP} with $847 million; Vanguard MSCI Emerging Markets {VWO} with $770 million; iShares MSCI Emerging Markets {EEM} with $651 million; and ProShares UltraShort 20+ Year Treasury {TBT} with $538 million.
Altogether, that's more than $4.8 billion for antidollar, anti-inflation investments, more than 50% of the $9.5 billion in total ETF inflows for the month.
If the Federal Reserve is always on the lookout for inflation expectations, I suggest that Ben Bernanke take a look at the September ETF net cash flows, courtesy of the National Stock Exchange. It is ringing a bell, loud and clear, that investors fear inflation.
The No. 1 destination of investors' cash was SPDR Gold Shares {GLD} with $2 billion in net inflows. It was followed by iShares Barclays TIPS {TIP} with $847 million; Vanguard MSCI Emerging Markets {VWO} with $770 million; iShares MSCI Emerging Markets {EEM} with $651 million; and ProShares UltraShort 20+ Year Treasury {TBT} with $538 million.
Altogether, that's more than $4.8 billion for antidollar, anti-inflation investments, more than 50% of the $9.5 billion in total ETF inflows for the month.
Link:http://www.thestreet.com/p/_yahoo/rmoney/etf/10607747.html?cm_ven=YAHOO&cm_cat=PREMIUM&cm_ite=003190
*Long GLD & TIP for certain client accounts.
posted by CR English at 11:29 AM
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