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High Quality Bond Funds Get Bigger, Junk And Growth Fund Shrink - ETF Winners And Losers: Mid-Cap Fund Flows

Benzinga ·  Aug 23, 2023 05:21

We performed a screening of mid-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

Goldman Sachs Access Treasury 0-1 Year ETF (NYSE:GBIL)

GBIL added $386.54 million in AUM on the week.

The Goldman Sachs Access Treasury 0-1 Year ETF focuses on the most liquid treasury securities maturing in under one year.

GBIL has $5.88 billion in AUM and an expense ratio of 0.12%.

YTD, GBIL has added $1.31 billion in AUM.

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSE:SPIB)

SPIB added $203.08 million in net assets over the trailing week.

The SPDR Portfolio Intermediate Term Corporate Bond ETF is a low-cost fund that offers exposure to investment-grade corporate bonds with a maturity of between 1 and 10 years.

SPIB has $6.40 billion in AUM and an expense ratio of 0.04%.

SPIB has added $757.38 million in net assets YTD.

Losers

SPDR Bloomberg High Yield Bond ETF (NYSE:JNK)

JNK lost $984.16 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 $7.05 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, JNK has lost $2.04 billion in AUM.

iShares Russell Top 200 Growth ETF (NYSE:IWY)

IWY lost $710.36 million in net assets over the trailing week.

The iShares Russell Top 200 Growth ETF tracks the Russell Top 200 Growth Index, offering exposure to large-cap companies within the growth sector of the U.S. equity market.

JNK has $6.24 billion in AUM and an expense ratio of 0.20%. The fund has holdings in 111 companies, with the 10 largest comprising 58.75% of the fund.

The fund's largest holdings are Apple Inc (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) making up 14.13% and 12.90% of the fund, respectively.

IWY has added $449.10 million in net assets YTD.

Featured photo by Viktor Forgacs 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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