Junk Bond Fund Get Bigger, Internet And Gas Shrink - ETF Winners And Losers: Mid-Cap Fund Flows
Portfolio Pulse from Johnny Rice
A screening of mid-cap ETFs revealed that SPDR Bloomberg High Yield Bond ETF (JNK) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) added $604.80 million and $325.3 million in AUM respectively, while First Trust Dow Jones Internet Index Fund (FDN) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) lost $204.74 million and $175.73 million in AUM respectively. JNK offers exposure to corporate junk bonds, QTEC is tech-focused, FDN offers exposure to companies deriving at least half of their revenue from the internet, and XOP offers exposure to the exploration and production sub sector of the domestic oil market.
September 18, 2023 | 10:29 pm
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NEGATIVE IMPACT
FDN lost $204.74 million in AUM on the week, indicating decreased investor interest.
The decrease in AUM indicates that investors are selling off their holdings in the fund, which could potentially drive down its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
XOP lost $175.73 million in AUM over the trailing week, indicating decreased investor interest.
The decrease in AUM indicates that investors are selling off their holdings in the fund, which could potentially drive down its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
JNK added $604.80 million in AUM on the week, indicating increased investor interest.
The increase in AUM indicates that more investors are buying into the fund, which could potentially drive up its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
QTEC added $325.3 million in AUM on the week, indicating increased investor interest.
The increase in AUM indicates that more investors are buying into the fund, which could potentially drive up its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100