Or more likely, retail investors are pulling their money out of managed funds and putting it into ETFS. When pulling their money out of the managed fund, the m

Or more likely, retail investors are pulling their money out of managed funds and putting it into ETFS. When pulling their money out of the managed fund, the managed fund will then have to sell some assets to maintain their portfolio ratios which is then bought up by the ETFS said retail investors are moving too.