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Amidst Global Conflict, Investors Flood ESG-Focused Fund - ETF Winners And Losers: Mid-Cap Flows

Benzinga ·  Oct 13, 2023 04:57

We performed a screening of medium-cap ETFs – defined as having Assets Under Management (AUM) between $2 billion and $10 billion – to determine what funds had the largest change in net assets on the week, according to data from etfdb.com. Only non-leveraged funds were considered.

Winners

iShares MSCI USA ESG Select ETF (NYSE:SUSA)

SPTS added $632.37 million in net assets over the trailing week.

The iShares MSCI USA ESG Select ETF offers exposure to a wide breadth of companies with high Environmental, Social, and Governance (ESG) ratings.

SUSA has $4.52 billion in AUM and an expense ratio of 0.25%. The fund has holdings in 185 companies, with the 10 largest comprising 26.12% of the fund.

The fund's largest holdings are Microsoft Corporation (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL) making up 5.22% and 5.17% of the fund, respectively

SUSA has added $952.00 million in net assets YTD.

Materials Select Sector SPDR Fund (NYSE:XLB)

XLB added $325.29 million in net assets over the trailing week.

The Materials Select Sector SPDR Fund offers exposure to the US materials sector. This is often a small portion of larger broad-based US market ETFs, but a sector with large potential upside and an attractive option for those looking to indirectly access commodity markets.

XLB has $5.40 billion in AUM and an expense ratio of 0.10%. The fund has holdings in 31 companies, with the 10 largest comprising 65.65% of the fund.

The fund's largest holdings are Linde plc. (NASDAQ:LIN) and Air Products and Chemicals, Inc. (NYSE:APD) making up 20.88% and 7.22% of the fund, respectively.

XLB has lost $134.09 million in net assets YTD.

Losers

SPDR Bloomberg High Yield Bond ETF (NYSE:JNK)

JNK lost $941.88 million in AUM on the week.

The SPDR Bloomberg High Yield Bond ETF offers exposure to so-called corporate junk bonds. These are middle-rated bonds with a minimum of one year to maturity.

JNK has $6.01 billion in AUM and an expense ratio of 0.40%.

YTD, JNK has lost $2.94 billion in AUM.

SPDR Bloomberg Short Term High Yield Bond ETF (NYSE:SJNK)

SJNK lost $375.90 million in AUM on the week.

The SPDR Bloomberg High Yield Bond ETF is very similar to JNK, however, the bonds held by SJNK are dated on a shorter term.

SJNK has $3.35 billion in AUM and an expense ratio of 0.4%. The fund has holdings in 32 companies, with the 10 largest comprising 60.30% of the fund.

YTD, SJNK gained $28.10 million in AUM.Featured photo by Антон Дмитриев on Unsplash

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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