Amidst Global Conflict, Investors Flood ESG-Focused Fund - ETF Winners And Losers: Mid-Cap Flows
Portfolio Pulse from Johnny Rice
Medium-cap ETFs have seen significant changes in net assets. iShares MSCI USA ESG Select ETF (SUSA) and Materials Select Sector SPDR Fund (XLB) have seen increases in net assets, while SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) have seen decreases. SUSA and XLB offer exposure to companies with high ESG ratings and the US materials sector respectively, while JNK and SJNK offer exposure to corporate junk bonds.
October 12, 2023 | 8:57 pm
News sentiment analysis
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POSITIVE IMPACT
SUSA, an ETF focusing on companies with high ESG ratings, added $632.37 million in net assets over the trailing week. Its largest holdings are Microsoft and Apple.
The increase in net assets indicates a positive investor sentiment towards SUSA, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
XLB, an ETF offering exposure to the US materials sector, added $325.29 million in net assets over the trailing week. Its largest holdings are Linde plc. and Air Products and Chemicals, Inc.
The increase in net assets indicates a positive investor sentiment towards XLB, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
JNK, an ETF offering exposure to corporate junk bonds, lost $941.88 million in AUM on the week.
The decrease in net assets indicates a negative investor sentiment towards JNK, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SJNK, an ETF similar to JNK but with bonds held on a shorter term, lost $375.90 million in AUM on the week.
The decrease in net assets indicates a negative investor sentiment towards SJNK, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100