Less than a month ago from Nuveen Growth Opportunities ETF (NUGO) there were almost no assets. Now its volume is $2,7 billion, and the flow of money has a strange repetitive rhythm. During 13 from 18 trading days, approximately at 16:00 across New York, someone invested in this exchange-traded fund about $200 million. Among industry professionals, who follow the money on Wall Street, this raises questions about, who is behind this investment. Most ETFs are either launched after the pre-seed stage – The money, already "lined up", invested in the first day or two – either gaining assets organically in the following weeks. NUGO does not fit any of these shapes., what does it say, that a large investor makes constant injections of funds, according to Bloomberg Intelligence. ETF is aimed at long-term capital increase of companies with a market value of more than $1 billion. The inflow of funds at NUGO was large and unusually stable. "Most likely, Nuveen lined up investors, who wanted to enter in parts, and not at a time ", – says Eric Balchunas, Senior ETF Analyst at BIoomberg. "Flow diagrams, which look unified in a similar way, usually refer to the same institution or internal assets. But it is extremely rare to see, so that they come in perfect portions for several days in a row ". Хотя суммы скромны в масштабах рынка …
Every day 200 million dollars pouring into one exchange-traded fund Read more