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Investors Poured $7.54 Billion Into Equity ETFs After Rocky G7 Meeting: ICI

(Reuters) Equity exchange-traded funds, which draw a diverse set of clients including fast-trading hedge funds, attracted $7.54 billion of net new cash in the week ended June 13, according to Investment Company Institute data released on Wednesday. After the divisive G7 summit in Quebec left stock indexes relatively soft, equity ETF investors got a boost by the “decent” meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un, said Bryan Hinmon, portfolio manager of the Motley Fool Global Opportunities Fund.

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