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ETFs across various categories raked in $19 billion in capital last week, pushing year-to-date inflows to more than $696 billion. U.S. fixed income ETFs led the way with $15.3 billion in inflows, followed by inflows of $2.2 billion for U.S. equity ETFs and $2 billion for commodity ETFs.
Communication Services Select Sector SPDR Fund (XLC - Free Report) , Vanguard S&P 500 ETF (VOO - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) , Vanguard Short-Term Corporate Bond ETF (VCSH - Free Report) and iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report) dominated the top creation list last week.
Wall Street posted gains last week with the Nasdaq Composite index at a fresh record close, rising nearly 4%. The S&P 500 and the Dow Jones gained 2.5% and 1.4%, respectively. The gains were driven by Fed rate cut bets and Apple (AAPL - Free Report) surge.
The latest economic data have raised the odds for the Federal Reserve to cut interest rates when it next meets in September. Lower interest rates will benefit stocks that are more sensitive to borrowing costs. It will also ramp up consumer spending, which bodes well for economic growth. Meanwhile, Apple announced a major expansion of its U.S. investment strategy with an additional $100???billion injection into American manufacturing over the next four years. This has spread huge optimism about the company’s growth prospects (read: 5 ETFs to Benefit if Fed Cuts Rate in September).
The inflows came amid Trump’s tariff chaos. Trump began imposing higher import taxes on nearly 200 countries, ranging from 10% to 50%.
We have detailed the ETFs below.
Communication Services Select Sector SPDR Fund (XLC - Free Report)
Communication Services Select Sector SPDR Fund is the top asset creator, pulling in $3.8 billion in capital. It offers exposure to companies from telecommunication services, media, entertainment and interactive media & services and has accumulated $28 billion in its asset base. It follows the Communication Services Select Sector Index and holds 24 stocks in its basket, with large positions in companies like Meta Platforms (META - Free Report) and Alphabet (GOOGL - Free Report) . Communication Services Select Sector SPDR Fund charges 8 bps in annual fees and trades in an average daily volume of 6 million shares. It has a Zacks ETF Rank #2 (Buy).
Vanguard S&P 500 ETF has gathered $3.2 billion in its asset base. It tracks the S&P 500 Index and holds 505 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. Vanguard S&P 500 ETF charges investors 3 bps in annual fees. It has an AUM of $714.3 billion and trades in an average daily volume of 5.4 million shares. VOO sports a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook (read: Vanguard's VOO Becomes First ETF to Cross $700B).
iShares Core S&P 500 ETF has raked in $3.1 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 8.2% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while financials and consumer discretionary round off its next two 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 4.4 million shares. It has an AUM of $645.8 billion and a Zacks ETF Rank #1 with a Medium risk outlook.
Vanguard Short-Term Corporate Bond ETF has pulled in $2.4 billion in capital. It offers exposure to the short-term investment-grade U.S. corporate bond market and tracks the Bloomberg U.S. 1–5 Year Corporate Bond Index. With AUM of $37.6 billion, Vanguard Short-Term Corporate Bond ETF holds 2613 bonds in its basket with an average maturity of 3.00 years and an average duration of 2.70 years. Vanguard Short-Term Corporate Bond ETF charges investors 3 bps in fees per year and trades in an average daily volume of 6 million shares. It has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
iShares 0-3 Month Treasury Bond ETF accumulated around $2.3 billion in its asset base last week. It offers exposure to U.S. Treasury bonds with remaining maturities less than or equal to three months. iShares 0-3 Month Treasury Bond ETF follows the ICE 0-3 Month US Treasury Securities Index with an average maturity of 0.11 years and an effective duration of 0.11 years. iShares 0-3 Month Treasury Bond ETF has AUM of $54 billion and trades in an average daily volume of 11.5 million shares. SGOV charges 9 bps in annual fees and has a Zacks ETF Rank #3.
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5 Most-Loved ETFs of Last Week
ETFs across various categories raked in $19 billion in capital last week, pushing year-to-date inflows to more than $696 billion. U.S. fixed income ETFs led the way with $15.3 billion in inflows, followed by inflows of $2.2 billion for U.S. equity ETFs and $2 billion for commodity ETFs.
Communication Services Select Sector SPDR Fund (XLC - Free Report) , Vanguard S&P 500 ETF (VOO - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) , Vanguard Short-Term Corporate Bond ETF (VCSH - Free Report) and iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report) dominated the top creation list last week.
Wall Street posted gains last week with the Nasdaq Composite index at a fresh record close, rising nearly 4%. The S&P 500 and the Dow Jones gained 2.5% and 1.4%, respectively. The gains were driven by Fed rate cut bets and Apple (AAPL - Free Report) surge.
The latest economic data have raised the odds for the Federal Reserve to cut interest rates when it next meets in September. Lower interest rates will benefit stocks that are more sensitive to borrowing costs. It will also ramp up consumer spending, which bodes well for economic growth. Meanwhile, Apple announced a major expansion of its U.S. investment strategy with an additional $100???billion injection into American manufacturing over the next four years. This has spread huge optimism about the company’s growth prospects (read: 5 ETFs to Benefit if Fed Cuts Rate in September).
The inflows came amid Trump’s tariff chaos. Trump began imposing higher import taxes on nearly 200 countries, ranging from 10% to 50%.
We have detailed the ETFs below.
Communication Services Select Sector SPDR Fund (XLC - Free Report)
Communication Services Select Sector SPDR Fund is the top asset creator, pulling in $3.8 billion in capital. It offers exposure to companies from telecommunication services, media, entertainment and interactive media & services and has accumulated $28 billion in its asset base. It follows the Communication Services Select Sector Index and holds 24 stocks in its basket, with large positions in companies like Meta Platforms (META - Free Report) and Alphabet (GOOGL - Free Report) . Communication Services Select Sector SPDR Fund charges 8 bps in annual fees and trades in an average daily volume of 6 million shares. It has a Zacks ETF Rank #2 (Buy).
Vanguard S&P 500 ETF (VOO - Free Report)
Vanguard S&P 500 ETF has gathered $3.2 billion in its asset base. It tracks the S&P 500 Index and holds 505 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. Vanguard S&P 500 ETF charges investors 3 bps in annual fees. It has an AUM of $714.3 billion and trades in an average daily volume of 5.4 million shares. VOO sports a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook (read: Vanguard's VOO Becomes First ETF to Cross $700B).
iShares Core S&P 500 ETF (IVV - Free Report)
iShares Core S&P 500 ETF has raked in $3.1 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 8.2% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while financials and consumer discretionary round off its next two 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 4.4 million shares. It has an AUM of $645.8 billion and a Zacks ETF Rank #1 with a Medium risk outlook.
Vanguard Short-Term Corporate Bond ETF (VCSH - Free Report)
Vanguard Short-Term Corporate Bond ETF has pulled in $2.4 billion in capital. It offers exposure to the short-term investment-grade U.S. corporate bond market and tracks the Bloomberg U.S. 1–5 Year Corporate Bond Index. With AUM of $37.6 billion, Vanguard Short-Term Corporate Bond ETF holds 2613 bonds in its basket with an average maturity of 3.00 years and an average duration of 2.70 years. Vanguard Short-Term Corporate Bond ETF charges investors 3 bps in fees per year and trades in an average daily volume of 6 million shares. It has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report)
iShares 0-3 Month Treasury Bond ETF accumulated around $2.3 billion in its asset base last week. It offers exposure to U.S. Treasury bonds with remaining maturities less than or equal to three months. iShares 0-3 Month Treasury Bond ETF follows the ICE 0-3 Month US Treasury Securities Index with an average maturity of 0.11 years and an effective duration of 0.11 years. iShares 0-3 Month Treasury Bond ETF has AUM of $54 billion and trades in an average daily volume of 11.5 million shares. SGOV charges 9 bps in annual fees and has a Zacks ETF Rank #3.