ETF Asset Flow Roundup of Last Week
Zacks Investment Research | Mar 30, 2020 02:30AM ET
Last week acted as a breather for Wall Street in recent times as the joint efforts of the Fed and the U.S. government led to a market rally. The S&P 500, the Dow Jones and the Nasdaq gained 10.3%, 12.8% and 9.1% last week, respectively, on the $2-trillion U.S. stimulus support and the Fed’s announcement of corporate bond buying and unlimited QE. Several global markets too followed suit (read: per etf.com ).
Investment-Grade Corporate Bond ETF Tops
Failing to contain the coronavirus-led acute market rout by its crisis-era policy launch, the Fed announced a fresh set of stimuli on Mar 23. The Fed added that the purchases of Treasury and mortgage securities are unlimited.
Among other steps, the Fed confirmed cannot own more than 20% of any one ETF or 10% of individual corporate bonds.
The very announcement has led iShares iBoxx USD Investment Grade Corporate Bond ETF All-Out Fed Support: Buy Highly-Rated Corporate Bond ETFs ).
Gold Maintains Glow
Gold recorded their GLD has raked in about $2.25 billion in assets.
S&P 500 Gathers Assets
Vanguard S&P 500 ETF SPY have added about $1.26 billion and $1.01 billion in assets, respectively, in the past week. As the S&P 500 has been extremely battered, investors tapped its cheaper valuation.
Short-Term Treasuries Gain Investors’ Favor
SPDR Bloomberg Barclays (LON:BARC) 1-3 Month T-Bill ETF Invest in These Cash-Like ETFs ).
Emerging Markets Lose
Emerging markets ETF Vanguard FTSE Emerging Markets ETF VWO lost about $581.7 billion as investors fled the risky investing area. The greenback strength may have made investors cautious about emerging market investing.
Ultra-Short Income ETFs Shed Assets Too
PIMCO Enhanced Short Maturity Active ETF JPST shed about $704.7 million and $580 million in assets, respectively.
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