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Sell in May and Go Away? SPY Has Seen Outflows Every Day in May!

May 13, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

spy-price-chart

 

  • What a turnaround for the S&P 500 ETF Trust (SPY) whose 1-month fund flows stood at +USD$7.5 billion as of the beginning of May!

 

  • Since the beginning of May, outflows from S&P stands at USD$12 billion!
    • Translates to 4.2% of assets under management (AUM) as of the beginning of the month

 

  • What is interesting is that up until May, flows into US large-cap passive ETFs were positive in comparison to US mutual funds
    • Flows out of US mutual funds has been north of $35 in outflows since May 8 according to research by Goldman Sachs

SPDR S&P 500 Trust (SPY) Daily Fund Flows chart

 

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Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS