A NOTE FROM BOB
Join us next Thursday, September 10 on ETF Edge as we discuss the September correction and how ETFs are increasingly used as vehicles to get in and out of markets quickly. We also continue our discussion on the growth of ESG (Environmental, Social and Governance) and the pushback it is getting from some quarters, and take another look at action in High Yield ETFs. Our guests are Tom Lydon from ETF Trends, Andrew McOrmond from WallachBeth, and Luke Oliver, head of index investing for the Americas at DWS Group who runs the Xtrackers ETFs. ETFedge.cnbc.com at 1 PM.
ETFs: big volume returns. Harry Whitton at ETF brokerage shop Old Mission notes market volumes spiked during the selloff September 3, as it was the highest volume day since mid-July. S&P 500 ETF (SPY) traded 148 million shares, the last time it crossed 140 million was in June. QQQ traded 110 million shares and the last time it broke 100 million was at the market low of March 23, when it traded 124 million. The Tech ETF (XLK) had its highest volume since March. Two giant growth funds suffer biggest selling stampede on record. Bloomberg notes some large growth funds have been seeing outflows. Both the $65 billion Vanguard Growth ETF (VUG) and the $10 billion iShares Core S&P U.S. Growth ETF (IUSG) posted their largest outflows on record last month, according to data compiled by Bloomberg.
What's been happening with fixed income ETFs? By the end of August, the total AUM in fixed income ETFs was just under $985 billion, closing in on that $1 trillion mark. That represented a 20% increase throughout 2020, according to Tabb Group. At that pace, we are on track to reach the magic $1 trillion number before the end of September. But how has this growth fared during the pandemic? For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. KEY STORIES
IN CASE YOU MISSED IT
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Jumat, 04 September 2020
ETF Edge Newsletter
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