In ETFs, during the first 15 days of the quarter, we have seen outflows in some of the largest products on the market such asthat has lost about 1.54% or over $4B. The iShares Emerging Markets ETF, has seen redemptions top $3.25B in the month of July which makes up over 7% of its AUM and the Vanguard High Dividend Yield ETF, lost over $3.2B or about 13% of its AUM, all according to the ETFG Fund Flow Summary.
In July, we have seen the greatest inflows into fixed income products. The chart toppers were the iShares iBoxx Investment Grade Corporate Bond ETF,which gained about $1.82B of inflows and the Vanguard Short-Term Bond ETF, which added $1.14B to its AUM.
In our weekly Quant Movers, we saw technology-based ETFs take the biggest losses. These included the iShares North American Tech ETF,and the Invesco NASDAQ Internet ETF, which lost 8.39 and 7.89 to their overall scores respectively.
In the winners column, we saw a broad variety of products add points to their overall scores. These included the Alerian MLP Infrastructure Index ETN,, the Vanguard FTSE Developed Markets ETF, and the Franklin LibertyQ Emerging Markets ETF, which gained 14.99, 9.66 and 8.67 points to their overall Quant Scores.
As the 3rd quarter continues to play out, it will be interesting to see if the trade war talks, North Korea/ Russian news or the new types of relationships we are developing with our closest allies actually play a long term effect on the markets. Until then, it seems like the broad-based indices will continue to play to the same tune: onward and upward!
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