Materials Sector Fund Down Over Half Of A Billion - ETF Winners And Losers: Medium-Cap Fund Flows
Portfolio Pulse from Johnny Rice
A screening of medium-cap ETFs revealed significant changes in net assets over the past week. PGIM Ultra Short Bond ETF (PULS) and iShares MSCI Emerging Markets ex China ETF (EMXC) saw increases in AUM of $522.56 million and $266.11 million respectively. Meanwhile, Materials Select Sector SPDR Fund (XLB) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) lost $504.13 million and $185.87 million in net assets respectively.
August 14, 2023 | 8:16 pm
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POSITIVE IMPACT
iShares MSCI Emerging Markets ex China ETF added $266.11 million in AUM over the past week.
The increase in AUM indicates a positive investor sentiment towards EMXC, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
PGIM Ultra Short Bond ETF added $522.56 million in AUM over the past week.
The increase in AUM indicates a positive investor sentiment towards PULS, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
iShares 0-5 Year High Yield Corporate Bond ETF lost $185.87 million in net assets over the past week.
The decrease in net assets indicates a negative investor sentiment towards SHYG, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Materials Select Sector SPDR Fund lost $504.13 million in net assets over the past week.
The decrease in net assets indicates a negative investor sentiment towards XLB, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100