5 ETFs That Gained Investors' Love Last Week

Zacks
2024-10-15

ETFs across various categories pulled in $19.5 billion in capital last week. International equity ETFs led the way with $8.6 billion in inflows, followed by inflows of $4.7 billion in U.S. equity ETFs and $2.4 billion in fixed-income ETFs. Notably, China ETFs registered strong inflows.

iShares China Large-Cap ETF FXI, Vanguard S&P 500 ETF VOO, Schwab U.S. Large-Cap ETF SCHX, iShares Core S&P 500 ETF IVV and Xtrackers Harvest CSI 300 China A-Shares ETF ASHR dominated the top creation list last week.

The three main bourses wrapped up the week on a positive note, with the Dow Jones and S&P 500 touching new records. In fact, the S&P 500 Index topped 5,800 for the first time, given the solid start of the third-quarter earnings season with companies issuing bolder forecasts due to the Fed’s rate-cutting cycle. Additionally, the latest inflation report renewed investors’ confidence about easing pricing pressure. Inflation cooled down to 2.4% in September, down from 2.5% recorded in August and in line with market expectations of 2.3%-2.4%. The inflation rate peaked at a 41-year high of 8.9% in June 2022.

Investors continued to pile into China ETFs last week despite a sell-off in Chinese stocks. Mainland China stocks plunged on Oct 9, snapping a 10-day winning streak after confidence in stimulus plans to revive the economy diminished. The blue-chip CSI 300 Index lost 7.1% on Oct 9 while the Shanghai Composite index dropped more than 7%, its worst loss since February 2020 (read: A Few Reasons to Buy China ETFs Now). 

We have detailed the ETFs below:

iShares China Large-Cap ETF (FXI)

iShares China Large-Cap ETF topped the asset flow creation last week, gathering $3.5 billion in capital. It offers exposure to large companies in China by tracking the FTSE China 50 Index. It holds 50 stocks in its basket with a slight tilt toward the top three firms. iShares China Large-Cap ETF has key holdings in the consumer discretionary sector with 38.1% share, while financials (27.7%) and communication (16.8%) round off the next two spots.

iShares China Large-Cap ETF has AUM of $10.8 billion and an expense ratio of 0.74%. It trades in an average daily volume of 57 million shares and has a Zacks ETF Rank #5 (Strong Sell) with a Medium risk outlook.

Vanguard S&P 500 ETF (VOO)

Vanguard S&P 500 ETF has gathered $2.5 billion in capital. It tracks the S&P 500 Index and holds 506 stocks in its basket, each accounting for no more than 7.2% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector, while financials and healthcare round off the next two spots with a double-digit allocation each (read: S&P 500's Best Nine-Month Since 1997: Winning ETFs & Stocks). 

Vanguard S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4 million shares. It has AUM of $535.3 billion and a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.

Schwab U.S. Large-Cap ETF (SCHX) 

Schwab U.S. Large-Cap ETF has pulled in $2.3 billion in capital. It tracks the Dow Jones U.S. Large-Cap Total Stock Market Index, charging investors 3 bps in fees per year. Schwab U.S. Large-Cap ETF holds 755 stocks in its basket, with none making up for more than 6.7% share. Information technology takes the top spot at 31.9% of assets, while financials and healthcare round off the next spots with double-digit exposure each. 

Schwab U.S. Large-Cap ETF has AUM of $49.4 billion and volume is solid at 2.1 million shares on average per day. It has a Zacks ETF Rank #3 (Hold).

iShares Core S&P 500 ETF (IVV)

iShares Core S&P 500 ETF gathered $2.1 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.1% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while financials and healthcare round off the next two spots with a double-digit allocation each. 

iShares Core S&P 500 ETF charges investors 3 bps in annual fees. It has an AUM of $540.4 billion and trades in an average daily volume of 3.3 million shares. IVV has a Zacks ETF Rank #1 with a Medium risk outlook (read: 5 Top-Ranked ETFs Beating the S&P 500 in 2024).

Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR)

Xtrackers Harvest CSI 300 China A-Shares ETF saw inflows of $1.5 billion. It tracks the CSI 300 Index and holds 287 securities in its basket, with none making up for more than 4.9%. Xtrackers Harvest CSI 300 China A-Shares ETF has key holdings in financials, industrials, information technology and consumer staples. 

Xtrackers Harvest CSI 300 China A-Shares ETF has amassed $3.5 billion in its asset base and charges 65 bps in annual fees from investors. It trades in an average daily volume of 9.1 million shares and currently has a Zacks ETF Rank #5.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

iShares China Large-Cap ETF (FXI): ETF Research Reports

Vanguard S&P 500 ETF (VOO): ETF Research Reports

Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR): ETF Research Reports

iShares Core S&P 500 ETF (IVV): ETF Research Reports

Schwab U.S. Large-Cap ETF (SCHX): ETF Research Reports

To read this article on Zacks.com click here.

Zacks Investment Research

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10