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Overall, ETFs pulled in $11.5 billion capital last week ending Aug 19, pushing year-to-date inflows to $393 billion. U.S. equity ETFs led the way higher with $12.3 billion inflows, closely followed by $590 million in international fixed-income ETFs, per etf.com. On the other hand, international equity, U.S. fixed income and commodity ETFs saw outflows during the period.
Financial Select Sector SPDR Fund (XLF - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) , Invesco QQQ Trust (QQQ - Free Report) , Invesco S&P 500 Low Volatility ETF (SPLV - Free Report) and Vanguard Total Stock Market ETF (VTI - Free Report) dominated the top creation list last week.
U.S. stocks snapped the four-week rally last week on the prospect of another round of an aggressive Fed rate hike that has sparked fears of a potential economic recession ahead. Markets are placing bets that Fed Chair Jerome Powell will turn hawkish to tamp down inflationary expectations and tighten financial conditions at the gathering later this week in Jackson Hole, WY. A top U.S. central bank official, James Bullard, commented that he is expecting a 75 bps interest rate hike at the central bank's next policy meeting (read: Best Inverse/Leveraged ETFs of Last Week).
Global growth concerns added to the woes. Russia's Gazprom announcement that it would halt natural gas supplies to Europe for three days at the end of August took a toll on the stock market.
The ultra-popular Financial Select Sector SPDR Fund ETF topped the asset flow creation last week, gathering $1.5 billion in capital. It seeks to provide exposure to 66 companies in diversified financial services, insurance, banks, capital markets, and mortgage real estate investment trusts (“REITs”).
Financial Select Sector SPDR Fund has AUM of $33.7 billion and charges 10 bps in annual fees. It trades in an average daily volume of 41.7 million shares and carries a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook (read: 5 Financial ETFs Outperforming the Market).
iShares Core S&P 500 ETF has accumulated $1.3 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.4% of assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while healthcare, consumer discretionary and financials round off its next four spots with a double-digit allocation each.
iShares Core S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4.6 million shares. It has AUM of $320.6 billion and a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Invesco QQQ gathered about $1.2 billion in its asset. QQQ provides exposure to the 102 largest domestic and international non-financial companies listed on the Nasdaq by tracking the Nasdaq 100 Index. Invesco QQQ is heavily concentrated on the top two firms with a double-digit allocation, while other firms hold no more than 7% of assets. The product is also heavily tilted toward information technology at 50.8%, while consumer discretionary and communication services round off the next two spots.
Invesco QQQ is one of the largest and most popular ETFs in the large-cap space, with AUM of $183.2 billion and an average daily volume of 51 million shares. QQQ charges investors 20 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook.
Invesco S&P 500 Low Volatility ETF pulled in $1.2 billion in capital, propelling its AUM to nearly $13 billion. It provides exposure to stocks with the lowest realized volatility over the past 12 months. It tracks the S&P 500 Low Volatility Index and holds 111 securities in its basket. Invesco S&P 500 Low Volatility ETF is widely spread across sectors, with utilities, consumer staples, healthcare and financials receiving double-digit exposure each.
Invesco S&P 500 Low Volatility ETF trades in heavy volume of around 3 million shares a day on average and charges 25 bps in annual fees. It has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Vanguard Total Stock Market ETF gathered $1.1 billion in capital, taking its total AUM to $282.6 billion. It provides exposure to the broader stock market by tracking the CRSP US Total Market Index. Vanguard Total Stock Market ETF holds a large basket of well-diversified 4,076 stocks with key holdings in technology, consumer discretionary, healthcare, industrials, and financials (read: Asset Generating ETFs in Last One Year of Inflationary Pressure).
Vanguard Total Stock Market ETF charges 3 bps in fees per year from investors and trades in an average daily volume of 3.6 million shares. VTI has a Zacks ETF Rank #3 with a Medium risk outlook.
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5 ETFs That Gained Investors' Love Last Week
Overall, ETFs pulled in $11.5 billion capital last week ending Aug 19, pushing year-to-date inflows to $393 billion. U.S. equity ETFs led the way higher with $12.3 billion inflows, closely followed by $590 million in international fixed-income ETFs, per etf.com. On the other hand, international equity, U.S. fixed income and commodity ETFs saw outflows during the period.
Financial Select Sector SPDR Fund (XLF - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) , Invesco QQQ Trust (QQQ - Free Report) , Invesco S&P 500 Low Volatility ETF (SPLV - Free Report) and Vanguard Total Stock Market ETF (VTI - Free Report) dominated the top creation list last week.
U.S. stocks snapped the four-week rally last week on the prospect of another round of an aggressive Fed rate hike that has sparked fears of a potential economic recession ahead. Markets are placing bets that Fed Chair Jerome Powell will turn hawkish to tamp down inflationary expectations and tighten financial conditions at the gathering later this week in Jackson Hole, WY. A top U.S. central bank official, James Bullard, commented that he is expecting a 75 bps interest rate hike at the central bank's next policy meeting (read: Best Inverse/Leveraged ETFs of Last Week).
Global growth concerns added to the woes. Russia's Gazprom announcement that it would halt natural gas supplies to Europe for three days at the end of August took a toll on the stock market.
We have detailed the ETFs below:
Financial Select Sector SPDR Fund (XLF - Free Report)
The ultra-popular Financial Select Sector SPDR Fund ETF topped the asset flow creation last week, gathering $1.5 billion in capital. It seeks to provide exposure to 66 companies in diversified financial services, insurance, banks, capital markets, and mortgage real estate investment trusts (“REITs”).
Financial Select Sector SPDR Fund has AUM of $33.7 billion and charges 10 bps in annual fees. It trades in an average daily volume of 41.7 million shares and carries a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook (read: 5 Financial ETFs Outperforming the Market).
iShares Core S&P 500 ETF (IVV - Free Report)
iShares Core S&P 500 ETF has accumulated $1.3 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.4% of assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while healthcare, consumer discretionary and financials round off its next four spots with a double-digit allocation each.
iShares Core S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4.6 million shares. It has AUM of $320.6 billion and a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Invesco QQQ Trust (QQQ - Free Report)
Invesco QQQ gathered about $1.2 billion in its asset. QQQ provides exposure to the 102 largest domestic and international non-financial companies listed on the Nasdaq by tracking the Nasdaq 100 Index. Invesco QQQ is heavily concentrated on the top two firms with a double-digit allocation, while other firms hold no more than 7% of assets. The product is also heavily tilted toward information technology at 50.8%, while consumer discretionary and communication services round off the next two spots.
Invesco QQQ is one of the largest and most popular ETFs in the large-cap space, with AUM of $183.2 billion and an average daily volume of 51 million shares. QQQ charges investors 20 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook.
Invesco S&P 500 Low Volatility ETF (SPLV - Free Report)
Invesco S&P 500 Low Volatility ETF pulled in $1.2 billion in capital, propelling its AUM to nearly $13 billion. It provides exposure to stocks with the lowest realized volatility over the past 12 months. It tracks the S&P 500 Low Volatility Index and holds 111 securities in its basket. Invesco S&P 500 Low Volatility ETF is widely spread across sectors, with utilities, consumer staples, healthcare and financials receiving double-digit exposure each.
Invesco S&P 500 Low Volatility ETF trades in heavy volume of around 3 million shares a day on average and charges 25 bps in annual fees. It has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Vanguard Total Stock Market ETF (VTI - Free Report)
Vanguard Total Stock Market ETF gathered $1.1 billion in capital, taking its total AUM to $282.6 billion. It provides exposure to the broader stock market by tracking the CRSP US Total Market Index. Vanguard Total Stock Market ETF holds a large basket of well-diversified 4,076 stocks with key holdings in technology, consumer discretionary, healthcare, industrials, and financials (read: Asset Generating ETFs in Last One Year of Inflationary Pressure).
Vanguard Total Stock Market ETF charges 3 bps in fees per year from investors and trades in an average daily volume of 3.6 million shares. VTI has a Zacks ETF Rank #3 with a Medium risk outlook.