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ETF Asset Report of the Month of July

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Wall Street was moderate in July, with SPDR S&P 500 ETF Trust (SPY - Free Report) adding about 2.2%, SPDR Dow Jones Industrial Average ETF Trust (DIA - Free Report) adding about 0.1% and the Nasdaq-100-heavy ETF Invesco QQQ Trust, Series 1 (QQQ - Free Report) adding about 2.4% over the past month.

There were monster earnings from Microsoft and Meta in July. Amazon beat on Q2 earnings and revenues, but weak Q3 guidance sparked a drop in shares. However, Apple shares gained on earnings.

U.S. Economy Giving Mixed Signals

After a surprise contraction in the first quarter, the U.S. economy rebounded strongly in the second quarter of 2025. According to the advance estimate of the Bureau of Economic Analysis (BEA), gross domestic product (GDP) grew at an annualized rate of 3% between April and June. This topped Bloomberg economists’ forecast of 2.6% growth.

But then, U.S. jobs data came in soft at the start of August. The July jobs report revealed that nonfarm payrolls rose by just 73,000, far below the 100,000-gain expected by economists surveyed by Dow Jones.

The previous months saw sharp downward revisions, with June’s growth slashed to 14,000 from 147,000 and May’s lowered to 19,000 from 125,000, highlighting a more prolonged labor market slowdown than initially believed.

Euro Zone Growth Exceeds Expectations

Economic growth in the Eurozone outperformed expectations in the last quarter, despite global trade uncertainties. This resilience may lessen the need for additional interest rate cuts by the European Central Bank (ECB) (read: Euro Zone Growth Exceeds Expectations: ETFs in Focus).

Data from Eurostat revealed that GDP in the Euro zone rose by 0.1% sequentially. This modest growth beat forecasts, which showed no change. Strong performances from Spain, France and Ireland offset economic contractions in Germany and Italy.

U.S. New Home Sales Miss Expectations

Sales of new U.S. single-family homes rose marginally in June, as elevated mortgage rates hurt housing market activity. Sales increased by just 0.6% to a seasonally adjusted annual rate of 627,000 units, falling short of economists' expectations for 650,000 units, as polled by Reuters (read: U.S. New Home Sales Miss Expectations: ETFs in Focus).

ETF Asset Report

Against this backdrop, below we highlight the ETFs that gained and lost sizable assets in the month of July.

S&P 500 Top

Vanguard S&P 500 ETF (VOO - Free Report) , SPDR S&P 500 ETF Trust (SPY - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) and SPDR Portfolio S&P 500 ETF SPLG hauled in $12.68 billion, $7.12 billion, $5.65 billion and $4.87 billion in assets, respectively.

Cryptocurrency Beat Many Other Asset Classes 

iShares Bitcoin Trust ETF IBIT fetched about $5.31 billion in assets in the month. iShares Ethereum Trust ETF ETHA added about $4.34 billion in assets in the month due to a favorable regulatory backdrop.

Financials Gain on Upbeat Earnings 

The Financial Select Sector SPDR Fund (XLF - Free Report) added about $3.15 billion in assets in the month. Financial ETFs gained on upbeat earnings.

International Markets Rock

Vanguard Total International Stock ETF (VXUS - Free Report) and iShares Core MSCI Emerging Markets ETF (IEMG - Free Report) added about $2.44 billion and $2.35 billion, respectively, in the month.

Small-Caps Retreat 

iShares Russell 2000 ETF (IWM - Free Report) witnessed a retreat of about $3.7 billion in assets in the month. Due to the volatile economic backdrop, small caps have long been strolling. Vanguard Small Cap ETF (VB - Free Report) has lost about $126 billion.

Corporate Bonds Underperform

iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD - Free Report) and Vanguard Long-Term Corporate Bond ETF (VCLT - Free Report) lost about $3.92 billion in assets and $3.20 billion in assets in the month of July.

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