The past week in equities
This past week saw mixed performance from U.S. equity ETFs. While the SPDR S&P 500 ETF Trust (SPY) was the biggest loser, with $6 billion in outflows, its counterpart, the SPDR Dow Jones Industrial Average (DIA), saw inflows of $552 million and was the fourth best-performing ETF for the week. Emerging market ETFs, such as the iShares MSCI Emerging Markets ETF (EEM), also gained on easing tension in Ukraine and overall improving sentiments towards emerging markets. The Ukraine crisis was the key highlight last month.
Some sectoral ETFs such as Financial Select Sector SPDR Fund (XLF) also saw an outflow. The Financial Select Sector SPDR Fund (XLF) seeks to provide investment results that correspond to the performance of the Financial Select Sector Index. The index includes companies in the financial sector such as Wells Fargo & Company (WFC). The Fed’s stress test have been a key highlight for the sector over last few weeks.
To learn about how the world economy has affected fund flows for fixed income ETFs over the past week, read on to Part 4 of this series.
© 2013 Market Realist, Inc.
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