ETFs across various categories raked in $24.1 billion in capital last week, bringing year-to-date inflows to $593.4 billion. The space remains on track for another trillion-dollar year in terms of inflows.
Investor appetite was broad-based, with U.S. fixed-income ETFs leading the way with $6.3 billion in inflows. International equity ETFs attracted $6.2 billion in capital while U.S. equity ETFs saw $5.7 billion in inflows. Vanguard S&P 500 ETF VOO, SPDR Portfolio S&P 500 ETF SPLG, iShares Bitcoin Trust IBIT, iShares Core MSCI Emerging Markets ETF IEMG and Financial Select Sector SPDR ETF XLF dominated the top creation list last week.
The massive flows came amid the volatile stock market. The S&P 500 hit a new record last week but pulled some gains following an escalation in the trade war. President Donald Trump announced a 35% tariff on imports from Canada and proposed higher blanket levies of 15-20% on most trading partners. The renewed tariff threats have weighed on investors' sentiment (read: How to Trade the Ups and Downs of the S&P 500 With ETFs).
We have detailed the ETFs below.
Vanguard S&P 500 ETF (VOO)
Vanguard S&P 500 ETF is the top asset creator, pulling in $2.7 billion in capital. It tracks the S&P 500 Index and holds 506 stocks in its basket, each accounting for no more than 7.3% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector, while financials and consumer discretionary round off the next two spots with a double-digit allocation each. It charges investors 3 bps in annual fees. Vanguard S&P 500 ETF has an AUM of $697 billion and trades in an average daily volume of 7.7 million shares. VOO sports a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.
SPDR Portfolio S&P 500 ETF (SPLG)
SPDR Portfolio S&P 500 ETF saw inflows of $1.6 billion in capital. It follows the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 7.6% of the assets. SPDR Portfolio S&P 500 ETF is heavy on the information technology sector, while financials and consumer discretionary round off the next two spots with a double-digit allocation each. It charges investors 2 bps in annual fees and trades in an average daily volume of 11 million shares. It has AUM of $76.8 billion and a Zacks ETF Rank #1 (read: S&P 500 ETFs Up 6% This Year: What Lies Ahead?).
iShares Bitcoin Trust (IBIT)
iShares Bitcoin Trust raked in $1 billion in capital last week. It seeks to reflect the performance of the price of Bitcoin and has been the most traded Bitcoin ETF since its launch. It enables investors to access Bitcoin within a traditional brokerage account. The fund charges 25 bps in annual fees from investors. IBIT has AUM of $80 billion and trades in an average daily volume of 45 million shares (read: Bitcoin Tops $118K: ETFs to Make the Most of the Rally).
iShares Core MSCI Emerging Markets ETF (IEMG)
This fund pulled in about $977 million in capital last week. It holds a broad basket of 2,688 stocks of emerging markets with key holdings in information technology, financials, consumer discretionary, and communication. China takes the largest share at 25.9% while Taiwan and India make up for at least 19% share each. The product has AUM of $97.7 billion and charges 9 bps in annual fees. It trades in an average daily volume of about 10 million shares and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Financial Select Sector SPDR Fund (XLF)
Financial Select Sector SPDR Fund has accumulated about $740 million last week. It seeks exposure to 73 companies in the financial services, insurance, banks, capital markets, mortgage real estate investment trusts, consumer finance, and thrifts and mortgage finance industries. Financial Select Sector SPDR Fund is an ultra-popular financial ETF with AUM of $51.4 billion and average daily volume of 38 million shares. It charges 8 bps in annual fees and has a Zacks ETF Rank #1.
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Financial Select Sector SPDR ETF (XLF): ETF Research Reports Vanguard S&P 500 ETF (VOO): ETF Research Reports iShares Core MSCI Emerging Markets ETF (IEMG): ETF Research Reports SPDR Portfolio S&P 500 ETF (SPLG): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).
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