The largest bank ETF has seen inflows of more than $1.5 billion in recent weeks despite concerns around monetary policy and regulatory reform from Capitol Hill.
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US investors are dipping their toes back into European and emerging markets and even high-yield bonds as domestic rally slows and post-Brexit trade appeals.
ETFs continued to enjoy strong inflows in March, adding to the record sales figures of the previous two months to make Q1 2017 the best quarter on record in terms of inflows. Developed market equities took in the bulk of the money.