Stock Bulls Added Most in Two Years to ETFs Before 2% Slide
- More than $38 billion was absorbed by equity funds in November
- S&P 500 was hit by its worst losing streak in two months
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A 2% slump in the U.S. stock market couldn’t have come at a worse time for investors in exchange-traded funds.
More than $38 billion flowed into equity-focused ETFs in November, the biggest monthly influx in almost two years, data compiled by Bloomberg show. The inflows accounted for about 77% of cash absorbed by U.S. ETFs in the period through Nov. 30, the highest proportion since April.