Home News Mystery $3.7 Billion Pushed Through BlackRock ETF

Mystery $3.7 Billion Pushed Through BlackRock ETF

San Francisco, CA, USA - Feb 9, 2020: American global investment management corporation BlackRock, Inc.'s office in San Francisco, California.

On Jan. 25 the iShares MSCI Kokusai exchange-traded fund (ticker TOK) brought in $3.7 billion, according to data compiled by Bloomberg. The ETF then continued trading like normal — with mostly zero flows — until the billions swiftly exited the fund over two separate trading days in February. The fund generally has very few inflows so the large move was extermely odd.
The fund strategy is to buy large and mid-cap companies around the globe, excluding Japan.