The U.S.-listed ETF industry added nearly $6.5 billion in fresh assets in a shortened trading week between Nov. 19 and Nov. 24, with defensive ETFs gaining steam to play among the large cap funds that tend to dominate inflows.
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Large caps, total market ETFs keep adding
The
$Invesco QQQ Trust (QQQ.US)$ led inflows on the period, with $1.16 billion added, while the
$iShares MSCI USA Momentum Factor ETF (MTUM.US)$ and
$Vanguard Total Stock Market ETF (VTI.US)$added $996 million and $855 million, respectively.
Fears over inflation in the U.S. sent some assets abroad, with the
$Ishares Trust Core Msci Eafe Etf (IEFA.US)$ taking in $822 million.
Defensive ETFs also peppered the top inflows list, with inflation in mind. The
$SPDR Gold ETF (GLD.US)$ took in $851 million, while the
$iShares TIPS Bond ETF (TIP.US)$ added $615 million.
Growth, junk bonds hammered
The
$SPDR S&P 500 ETF (SPY.US)$ was the biggest loser from flows in the period, as investors pulled nearly $2.5 billion from the oldest ETF in the U.S. The
$iShares Core S&P 500 ETF (IVV.US)$ found itself losing $706 million, as investors lessened their exposure to the index.
High yield bonds were not in vogue either. The
$Ishares Iboxx $ High Yield Corporate Bond Etf (HYG.US)$ saw $1.13 billion in outflows, while the
$SPDR Bloomberg High Yield Bond ETF (JNK.US)$ lost $454 million.
Source: ETF.com