Last week, exchange-traded funds (ETFs) saw a total inflow of $54.4 billion, bringing year-to-date inflows to $324.7 billion. U.S. equity ETFs were the top performers with $46.1 billion in inflows, followed by international equity ETFs at $4 billion and U.S. fixed-income ETFs at $3.5 billion. This surge came amid a bullish week on Wall Street, with the Dow Jones gaining 1.5%, while the S&P 500 and Nasdaq rose 0.6% and 0.1%, respectively, marking their third consecutive week of gains.
NVIDIA (NVDA) became the world’s most valuable company with a market cap of $3.33 trillion, surpassing Microsoft (MSFT) at $3.31 trillion. This led to a significant rebalancing in technology ETFs, which saw approximately $8.7 billion inflowing into them. The iShares Core S&P 500 ETF (IVV) led with $9.7 billion in inflows, while the Technology Select Sector SPDR Fund (XLK) followed with $8.1 billion, and Vanguard Growth ETF (VUG) saw $6.2 billion.
Notably, the Pacer US Cash Cows 100 ETF (COWZ) attracted $3.2 billion, while the Invesco S&P 500 Quality ETF (SPHQ) recorded $3 billion in inflows. The asset under management (AUM) for these ETFs also reflects substantial investor interest, with IVV and XLK both having an AUM of $486.8 billion.
