News about capital flows

Invesco's QQQ took in $1.66 billion in an ETF flow count dated October 14, 2026, while its sister fund QQQM drew $380.7 million. Both funds track the Nasdaq-100 with the same holdings and weights, so the main difference for investors is the expense ratio, which is higher for QQQ. That gap compounds over long holding periods, though Invesco cut QQQ's fee after holders approved converting the fund to an open-end ETF in December 2025. According to the article, QQQ still attracts large inflows for its deep liquidity, tight bid-ask spreads and active options market, which can outweigh the fee for traders or hedgers. For long-term holders, the fee gap is largely the only difference, and selling QQQ in a taxable account could trigger capital gains tax.

According to SoSoValue data, US spot Bitcoin and Ether ETFs recorded net outflows of $549 million last week, with Bitcoin ETFs losing $229 million and Ether funds $320 million. It was a second straight weekly outflow for Bitcoin ETFs and a third for Ether funds, though the pace slowed from the previous week's $1.22 billion. Spot Ether ETFs have seen roughly $955 million in net outflows in October so far, more than in any other month this year. Ether fell 5% over seven days to about $2,433 and Bitcoin dipped 1.3% to $82,783, per CoinGecko. Even so, both fund groups remain positive for 2026 year-to-date, with Bitcoin ETFs at about $259 million and Ether ETFs at about $610 million in net inflows.

VN-Index fell 29.18 points (1.68%) in the October 12-16 week to 1,705.91, its fourth straight weekly decline and down 4.4% year to date. Liquidity weakened, with average market trading value down 27.3% to VND 14,576 billion, while foreign investors net sold VND 3,141 billion in the week and VND 115,503 billion year to date. MBS flagged the 1,650-point zone, the July 2026 bottom, as a key support level to watch for the October 19-23 week. The report cited Q3 GDP growth of 9.95% and Brent crude closing the week at USD 109.86 per barrel, and MBS noted October has the weakest performance of the year. Experts advise choosing stocks based on business results rather than chasing sector rotations.

US tech stocks fell sharply last week, with the Nasdaq 100 down 5.5%, the S&P 500 down 2% and the Philadelphia Semiconductor Index down 11.4%. Broadcom CEO Hock Tan compared speculative AI investing to casino gambling, while the article flags worries over heavy capital spending and rising debt, such as CoreWeave's roughly $50 billion in borrowings. US inflation reached 3.7% in September and Brent crude hit $112 a barrel, leaving the Federal Reserve less room to maneuver. Still, 70% of S&P 500 stocks rose on the week as money rotated into energy, utilities and consumer staples. Global tech equity funds saw $4.75 billion in outflows, emerging-market equity funds drew $717 million, and the PSEi rose 2.1% to 5,782.70.

The Nifty snapped an eight-week decline to close marginally higher, but still formed a fresh 52-week low, as the RBI raised rates by 25 basis points and shifted to “calibrated tightening”. Brent crude above $100, higher US bond yields and a weaker rupee kept sentiment under pressure, with FIIs net sellers for an eighth straight week (Rs. 302.94bn) while DIIs bought Rs. 303.13bn to absorb the selling. The index closed the week at 22,520.45, up 0.4%, though it is down 0.44% month-to-date. The analysis expects volatility to persist amid FII selling and global headwinds, with strong domestic buying limiting downside. Investors will watch US and Indian inflation data, US bond yields, Brent prices and US-Iran tensions next week.

U.S. spot Bitcoin ETFs recorded net outflows of $228.6 million this week, following $681.1 million the week before, according to SoSoValue. Outflows exceeded inflows on three of five trading days, with Wednesday's $261.4 million redemption the worst session, coinciding with a hotter-than-expected September CPI reading of 3.7%. A hot producer price figure followed, reviving bets on further Federal Reserve rate hikes, and Bitcoin briefly fell below $80,000 as nearly $950 million in leveraged crypto positions were liquidated. Nexo analyst Iliya Kalchev said the drop pushed Bitcoin below the average ETF holder's cost basis near $82,300. The funds are down about $615 million for October, though cumulative net inflows since launch remain $57.3 billion.

The Jio Platforms IPO, worth Rs 30,213 crore, opens for subscription on October 21 and closes October 23 at a price band of Rs 1,065 to Rs 1,119 per share, and at the upper end would be India's largest IPO to date. The issue consists entirely of fresh shares, with up to Rs 27,500 crore earmarked for repaying borrowings of Reliance Jio Infocomm. Investors will also watch September-quarter earnings from banks such as ICICI Bank and HDFC Bank, along with crude oil prices, foreign investor outflows and the rupee. The Nifty 50 rose 2.8% to 23,146.15 and the Sensex gained 3.1% to 74,729.27 on October 16, as Indian equities posted their strongest weekly performance in six months, led by IT stocks. The RBI Monetary Policy Committee minutes are scheduled for October 21.

Analysts from Pinetree and Kafi say VN-Index has not yet confirmed a bottom, though it regained 1,700 points on Friday after a fourth straight weekly decline. Pressures include high interest rates, 9-month average CPI of 4.52%, possible Fed rate hikes, and foreign net selling of over VND 3,000 billion on HoSE last week. Pinetree sees a technical rebound with resistance at 1,715–1,750 points, while Kafi warns of a possible retest of 1,650–1,670 if 1,680 is lost. Q3 earnings, due by October 20, are expected to drive sharper divergence among stock groups. The experts advise limiting margin loans, avoiding chasing rallies, and favoring stocks with strong Q3 prospects.

Foreign portfolio investors have pulled Rs 52,100 crore from Indian equities so far in October, taking 2026 withdrawals to Rs 3.12 lakh crore, far above the Rs 1.66 lakh crore withdrawn in all of 2025. The October selling follows Rs 35,861 crore of outflows in September and is attributed to high crude prices, elevated US bond yields, a stronger dollar and the AI-led rally in North Asian markets. FPIs made a marginal net purchase on October 16, which analyst V K Vijayakumar says may be tactical, helped by the US 10-year yield easing to 5.08% and a firmer rupee. Selling concentrated in financial services and oil-related stocks, while consumer services attracted inflows. In the debt market, FPIs withdrew Rs 1,620 crore via the FAR route and Rs 772 crore via the VRR route in September, while the general route saw Rs 3,387 crore of investment.