ETF Flow | SPY Saw Over $2 Billion Weekly Inflow
2022-11-21 18:57
Invesco QQQ Trust
-0.41%
SPDR S&P 500 ETF Trust
-0.35%
Market Overview
Wall Street's benchmark S&P 500 index ended higher on Friday (November 18) in a choppy trading session, as gains in defensive shares overshadowed energy declines, and investors shrugged off hawkish comments from Federal Reserve officials about interest rate hikes.
The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33,745.69, the S&P 500 gained 18.78 points, or 0.48%, to 3,965.34 and the Nasdaq Composite added 1.11 points, or 0.01%, to 11,146.06.
Regarding ETF market, the total amount of inflows outpaced outflows last week.
Top 10 ETF Creations (Nov.14 - Nov.18)
Source: Bloomberg
Last week, ETFs related to S&P 500 saw biggest inflow, with SPDR S&P 500 ETF iShares Core S&P 500 ETF, Vanguard S&P 500 ETF inflowing 2,074.41 million, 1,410.7 million and 813.58 million, Separately.
Meanwhile, iShares MSCI ACWI ETF, Vanguard Total Stock Market ETF saw inflow of $798.92 million and $726.39 million respectively.
Top 10 Redemptions (Nov.14 - Nov.18)
Source: Bloomberg
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF ranks first among the Top 10 ETF outflow, with $723.4 million running away.
Regarding sector ETFs, Utilities Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund saw outflows of 248.2 million and 221.14, respectively.
Comments