Investors pour $30bn into global ETFs
Investors placed over $30bn into exchange-traded funds this week, beating the previous record of $26.5bn set in the week to 26 April, with US equity funds leading the way, reported Nicole Bullock in the Financial Times.
Exchange-traded funds took in more than $30 billion in their strongest week this year, led by U.S. equity funds, as major market benchmarks hit new highs, according to EPFR Global.

Investors poured $31.6 billion into ETFs globally in the week ending on Wednesday, beating a previous high for the year of $26.5 billion during the week to April 26.

In spite of a high-profile sell-off in technology shares, particularly among the so-called Faangs — Facebook , Amazon , Apple , Netflix and Google — all four of the major U.S. indices hit new highs over the past week. The S&P 500, Nasdaq Composite and Russell 2000 reached intraday highs on Friday, while the Dow Jones Industrial Average hit a fresh high on Wednesday.

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"Everyone talks about Faangs, but it is a little bit of Fomo [fear of missing out]," said Matthew Bartolini, head of SPDR Americas research at State Street Global Advisors . "The equity market continues to rally."