Syl Flood

I work for Morningstar, but opinions here are my own. My interests vary widely--investing, sports, history, and in general seeking the truth.

[Syl Flood @SylFlood]

US momentum ETFs ticked up in returns and flows in Q1-- organic growth rebounded to 11.5%--but returns have cooled so far in April. $SPMO $XMMO $JMOM led the way in flows, while category gorilla $MTUM placed 4th. Category (small c) assets increased by 31%.

[Syl Flood @SylFlood]

US ETFs are on track to have a record month of inflows. In the 4 wks from Feb 29 thru Mar 20, they have $93 bil of inflows. The monthly record of $128 bil was just set in December.

[Syl Flood @SylFlood]

Weekly US money market #flows were $16bn for the week ending Weds 7-Feb. Assets are at a record level, but as a proportion of long-term assets, their level is about normal. Source: Morningstar Direct.

[Syl Flood @SylFlood]

@RobinWigg @BW Yes, and 2023 was an exceptional year for passive fixed-income. From https://t.co/lEws7aWvXV

[Syl Flood @SylFlood]

Sure, there's a record $7.7 tril on the sidelines in global money market funds, but in proportion to long-term assets, it's about normal. See this and more in Morningstar's new global asset flows report for 2023.
https://t.co/Kg2fAZJAVM

[Syl Flood @SylFlood]

Dollars continued to flow into US money-market funds, but last week's $42 bil paled versus the previous week's $72 bil. The 2-week total is significant, but not compared to the flight to safety at the beginning of the pandemic in Mar-Apr 2020.

[Syl Flood @SylFlood]

Money on the sidelines? US money market assets are at a historically high level ($4.7 tril), but as a % of all L/T fund & ETF assets, it's just rising from 2017's low. The argument that there's a meaningful pool of $ poised to jump into risk assets doesn't hold by this metric.

[Syl Flood @SylFlood]

Long-term US fund & ETF flows were +$15bn in the week ending Weds, led by US Equity with +$11bn. Money market funds attracted $18bn, about 2x the avg over the past 24 weeks. ETFs had +30bn.

[Syl Flood @SylFlood]

@christine_benz Yes, but it's not included in the Costco 10lb chocolate bags, so kids hardly know about it. The ToT-ers will remember you!

[Syl Flood @SylFlood]

.@Tesla to retail investors: We think you're dumb.

[Syl Flood @SylFlood]

@MorningstarES Thank you for 20 years of service to Spanish investors and Morningstar, Fernando! Two decades went by too quickly!

[Syl Flood @SylFlood]

@93XRT you've been laying on the Zeppelin & Floyd a little heavy lately. I thought, "At least they don't play Jethro Tull any more" Then you played JT. Please give us more new music. Been listening since '90.

[Syl Flood @SylFlood]

@ImDtF24 KC’s strategy is the same as Simeon’s in the state semi, Nephew. Foul on every play and see if the refs get tired of calling them.

[Syl Flood @SylFlood]

@RyanLizza Flood 2020 We need the darker color carpet to hid the dirt

[Syl Flood @SylFlood]

@RussKinnel https://t.co/TaKcHIOKod

[Syl Flood @SylFlood]

@RussKinnel Are we talking XRT here?

[Syl Flood @SylFlood]

@WatchMarquee you need to add the number of outs to the onscreen scoreboard

[Syl Flood @SylFlood]

It's been a while since we saw such a pure differentiation across value, blend and growth.

[Morningstar, Inc. @MorningstarInc]

We are excited to share plans to fully acquire @Sustainalytics and the prospect of putting sustainable investing analytics into the hands of investors worldwide. https://t.co/PtsthjWug7

[Syl Flood @SylFlood]

@hollyblack_ltc I find that singing it out loud exorcises the demons. I’m looking forward to watching the series finale tonight