AdvertisementETF enthusiasmInstead of single stocks, clients across the board are putting their money into ETFs.
Bank of AmericaEven though clients sold off individual small-cap stocks, they're not shying away from that size segment of the market at all.
Clients invested more money in small-cap ETFs than large-cap ones, providing small-caps with the biggest boost since May of this year.
Similarly, while individual tech stocks experienced a sell-off, tech ETFs saw the largest capital inflow out of all sectors last week.
Small-cap ETFs include Vanguard Small-Cap Index (VSCIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
Persons:
—, Jill Carey, Goldman Sachs
Organizations:
Service, Bank of America's, Bank of America, Equity, Business, JPMorgan, Citigroup, Big Tech, Health, Bank of America Investors, Communication, Fidelity MSCI Information Tech, NYSE Technology, Vanguard Infomation Technology, Vanguard