Small-Cap ETFs Enjoy Record Inflows Due To Optimistic Retail Investors: Is This The Decade Of 10% Annual Returns?
Small-Cap ETFs Enjoy Record Inflows Due To Optimistic Retail Investors: Is This The Decade Of 10% Annual Returns?
Small-cap exchange-traded funds (ETFs) have witnessed their largest weekly inflows since Bank of America began tracking the data in 2017.
自美国银行于2017年开始追踪数据以来,小型交易所交易基金(ETF)的每周流入量最大。
According to a note shared Wednesday, this surge is predominantly fueled by retail investors, marking a significant shift in market dynamics.
根据周三分享的一份报告,这种激增主要是由散户投资者推动的,这标志着市场动态的重大转变。
Over the past 23 weeks, 22 have seen positive inflows, culminating in a record-breaking week that attracted over $3.5 billion into small-cap ETFs.
在过去的23周中,有22个出现了正流入,最终创下了创纪录的一周,吸引了超过35亿美元的小盘股ETF。
Data derived from Tradingview shows that the Pacer US Small Cap Cash Cows ETF (NYSE:CALF) has emerged as a frontrunner, drawing in over $3 billion in the last three months, closely followed by the Vanguard Small-Cap ETF (NYSE:VB) with $2.6 billion of inflows, of which $1.615 billion recorded in the last month alone.
来自Tradingview的数据显示,Pacer美国小型股摇钱树ETF(纽约证券交易所代码:CALF)已成为领跑者,在过去三个月中吸引了超过30亿美元的收入,紧随其后的是Vanguard小盘股ETF(纽约证券交易所代码:VB),其流入量为26亿美元,其中仅上个月就有16.15亿美元的流入。
Despite this record influx of funds, Bank of America highlights that small caps remain undervalued relative to their historical performance.
尽管资金涌入创纪录,但美国银行强调,相对于历史表现,小盘股的估值仍然被低估。
Top 10 Small-Cap ETF By Inflows Over The Last Three Months
过去三个月流入量排名前十的小盘股ETF
Small-Cap ETF | 1M Flows | 3M Flows |
Pacer US Small Cap Cash Cows | 1.194B | 3.096B |
Vanguard Small-Cap ETF | 1.615B | 2.608B |
iShares Core S&P Small-Cap ETF (NYSE:IJR) | 116.003M | 1.651B |
Avantis U.S. Small Cap Value ETF (NYSE:AVUV) | 695.473M | 1.646B |
Vanguard Russell 2000 ETF (NYSE:VTWO) | 750.154M | 1.411B |
SPDR Portfolio S&P 600 Small Cap ETF (NYSE:SPSM) | 417.995M | 915.308M |
Vanguard Small-Cap Growth ETF (NYSE:VBK) | 440.327M | 741.54M |
Schwab U.S. Small-Cap ETF (NYSE:SCHA) | 520.145M | 622.329M |
Dimensional U.S. Small Cap ETF (NYSE:DFAS) | 131.079M | 507.818M |
SSGA SPDR ETFS EUROPE II PLC (NYSE:SSEUF) | 184.185M | 484.932M |
小盘股ETF | 100 万次流量 | 3M 流量 |
Pacer 美国小盘股摇钱树 | 1.194B | 3.096B |
Vanguard 小盘股 ETF | 1.615B | 2.608B |
iShares Core 标准普尔小盘股ETF(纽约证券交易所代码:IJR) | 116.003 亿 | 1.651B |
Avantis美国小型股价值ETF(纽约证券交易所代码:AVUV) | 695.473 亿 | 1.646B |
Vanguard Russell 2000 ETF(纽约证券交易所代码:VTWO) | 750.154 亿 | 1.411B |
SPDR 投资组合标普600指数小型股ETF(纽约证券交易所代码:SPSM) | 417.995 亿 | 915.308 亿 |
Vanguard 小盘股成长型ETF(纽约证券交易所代码:VBK) | 440.327 亿 | 741.54 亿 |
施瓦布美国小盘股ETF(纽约证券交易所代码:SCHA) | 520.145 亿 | 6223.29 亿 |
Dimensional 美国小盘股ETF(纽约证券交易所代码:DFAS) | 131.079 亿 | 507.818 亿 |
SSGA SPDR ETFS EUROPE II PLC(纽约证券交易所代码:SSEUF) | 184.185 亿 | 484.932 亿 |
Small Caps: A Bullish Outlook For 2024
小盘股:2024年的看涨前景
Bank of America's analysis suggests a turning tide for small caps. Analyst Jill Carey Hall, CFA, maintains a bullish outlook, predicting that 2024 could mark the year when small caps outperform large caps for the first time in nearly a decade.
美国银行的分析表明,小盘股出现了转机。首席财务官分析师吉尔·凯里·霍尔保持看涨前景,他预测2024年可能是近十年来小盘股表现首次超过大盘股的一年。
This optimism stems from a resilient small-cap sector, which has priced in a recession that has yet to materialize, as evidenced by the Russell 2000's performance.
这种乐观情绪源于富有弹性的小盘股板块,该板块的衰退尚未发生,罗素2000指数的表现就证明了这一点。
With investor sentiment improving and valuations becoming more attractive, small caps present a compelling opportunity for long-term investors. The Russell 2000's forward P/E ratio has dipped to 14.3x, positioning small caps as the only size segment that is historically inexpensive.
随着投资者情绪的改善和估值变得更具吸引力,小盘股为长期投资者提供了一个引人注目的机会。罗素2000指数的远期市盈率已降至14.3倍,使小盘股成为历史上唯一价格低廉的细分市场。
According to Bank of America, the valuation gap between small and large caps is reminiscent of the disparity seen during the Tech Bubble, which preceded a decade of exceptional returns for small caps.
根据美国银行的说法,小盘股和大盘股之间的估值差距让人想起科技泡沫时期的差距,当时小盘股经历了十年的丰厚回报。
Bank of America's analysis implies potential annualized returns of 10% over the next decade for the Russell 2000, compared to a modest 3% for the Russell 1000.
美国银行的分析表明,未来十年罗素2000指数的潜在年化回报率为10%,而罗素1000指数的年化回报率为3%。
For 2024, Bank of America reinforces the strategy of focusing on value within the small and mid-cap spaces. This approach favors high-quality stocks over non-earners. Financials, Communication Services, and Industrials are identified as top sector overweights within small caps.
对于2024年,美国银行加强了专注于中小型股领域价值的战略。与非收入者相比,这种方法更有利于高质量的股票。金融、通信服务和工业股被确定为小盘股中增持最大的板块。
Read Now: Best Small Cap Stocks Right Now
立即阅读: 目前最好的小盘股
译文内容由第三方软件翻译。