ETF Investors Continue To Be Risk Averse: UBS

With considerable inflows witnessed over the last month in precious metals and U.S. Treasury funds, ETF investors continue to be risk averse as they shed their equity holdings, reports UBS. Ramin Nakisa points out in his Feb. 24 research note titled “Global Positioning Summary: How are investors positioned and where is money flowing?” that mutual funds in the U.S. are shedding their bond holdings also and moving to money market funds.

ETF Investors see outflows again, only money market funds witnessed inflows

Nakisa points out that mutual funds in the U.S. with total AUM of $15.7 trillion are going through a period of de-risking. He adds that December was a strong risk-off month for U.S. mutual funds in which all asset classes except money...