Believe it or not, utilities $XLU is now the best performing SP500 ETFsince the start of the year (+13.4%).
Technology $XLV is in the second half of the ranking (+5.4%). So what's going on? Utilities has been on a run as we are reaching the 2nd derivative of the AI trade. Investment bankers are pushing new AI baskets and many of them include some Utilities stocks. Source: Mike Zaccardi
Uranium ETFs now at $5b in assets
Source: Eric Balchunas, Bloomberg
A brutal reversal for ESG focus ETFs
Source: Bloomberg
Bitcoin $BTC ETFs saw a net outflow of $558 million on Wednesday, the largest outflow since inception
Source: JP Morgan, Bloomberg
While $IBIT's daily inflow streak is over at 71 days, it is not done setting records.
Here's a look at ETFs all time by assets after first 72 days on market. Source: Eric Balchunas, Bloomberg
BlackRock's Bitcoin $BTC ETF just saw its 71-day inflow streak come to an end.
Source: Barchart, Bloomberg
State Fund added China ETFs to lift sentiment during rout
According to Bloomberg, China’s sovereign wealth fund has “likely bought at least USD 43 bn of onshore exchange-traded funds in the first quarter” vs. USD 6.8 bn in the second half of 2023. The extent of the buying provides insight into the government willingness to stabilize the markets during challenging periods.
New Stock ETFs will offer the potential for capped upside gains with 100% downside protection.
Source: Barchart
