ETF Winners And Losers: Medium-Cap Fund Flows - iShares' TFLO Adds Over $3 Billion, TLH Loses $624.5 Million
Portfolio Pulse from Johnny Rice
A screening of medium-cap ETFs revealed significant changes in net assets. iShares Treasury Floating Rate Bond ETF (TFLO) and Vanguard Long-Term Treasury ETF (VGLT) saw increases in net assets, adding $2.13 billion and $861.59 million respectively. iShares 10-20 Year Treasury Bond ETF (TLH) and iShares Semiconductor ETF (SOXX) lost $624.5 million and $233.30 million in net assets respectively. SOXX's largest holdings are NVIDIA Corporation (NVDA) and Broadcom Inc. (AVGO).
July 24, 2023 | 8:06 pm
News sentiment analysis
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NEGATIVE IMPACT
SOXX lost $233.30 million in net assets over the trailing week.
The decrease in net assets indicates a negative investor sentiment towards SOXX, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
TLH lost $624.5 million in net assets over the trailing week.
The decrease in net assets indicates a negative investor sentiment towards TLH, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
AVGO is one of the largest holdings of SOXX.
As one of the largest holdings of SOXX, AVGO's price could be indirectly affected by the performance of SOXX. However, the direct impact of this news on AVGO's price is uncertain.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
NVDA is one of the largest holdings of SOXX.
As one of the largest holdings of SOXX, NVDA's price could be indirectly affected by the performance of SOXX. However, the direct impact of this news on NVDA's price is uncertain.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
TFLO added $2.13 billion in net assets over the trailing week.
The increase in net assets indicates a positive investor sentiment towards TFLO, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
VGLT added $861.59 million in net assets over the trailing week.
The increase in net assets indicates a positive investor sentiment towards VGLT, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100