Latest news with #IVV
Yahoo
21-05-2025
- Business
- Yahoo
BlackRock Adds to AI-Stocks Bet in $160 Billion Model Portfolios
(Bloomberg) -- The world's largest asset manager is adding to bets on the artificial intelligence within its US model portfolios while trimming its overall equity risk because of tariff uncertainty. Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NJ Transit Makes Deal With Engineers, Ending Three-Day Strike BlackRock Inc. is increasing exposure to AI within its equity-heavy portfolios through the iShares AI Innovation and Tech Active ETF (ticker BAI). The actively managed fund quadrupled in size after it took in roughly $436 million on Tuesday, the largest one-day net inflows since its inception last October. BlackRock's shift underscores how institutional asset managers are reluctant to max out their exposures across the broad stock market, opting instead to lean into the biggest winners of this tech-driven era. BAI has large positions in Nvidia Corp., Broadcom Inc., and Meta Platforms Inc., and has risen 29% over the last month as risk assets rebounded from tariff-driven lows. 'Tech remains one of our highest conviction and longest running portfolio overweights, and within tech AI is the highest conviction drivers,' Michael Gates, lead portfolio manager for BlackRock's $160 billion Target Allocation ETF model portfolio suite, wrote in a memo. While the AI-trade is exposed to tariff headlines and some investors have flagged valuation concerns, some analysts are optimistic on the earnings outlook for artificial-intelligence-linked sectors for the remainder of the year. BlackRock is also paring its equity exposure across its US models after the recent risk-on rally. The asset manager is trimming its overweight on stocks relative to bonds to 1% from 3%, reducing an overweight allocation to growth stocks and adding value stocks outside of the US. Gates said the moves are a response to the uncertainty around trade negotiations and are 'not a reflection of diminished confidence in US exceptionalism.' 'In our view, the more significant concern around tariffs lies in their potential to modestly weigh on global growth, as supply chains may take time to adapt and business confidence remains sensitive to evolving trade dynamics,' he added. The iShares Core S&P 500 ETF (IVV) shed $6.28 billion on Tuesday, the biggest one-day decrease since March, while about $822 million left the iShares S&P 500 Growth ETF (IVW). Meanwhile, the iShares MSCI EAFE Value ETF (EFV) took in a net $912 million, the largest inflow since September. Within its equity-heavy portfolios, it also added to the iShares US Thematic Rotation Active ETF (THRO), which garnered more than $3 billion on Tuesday, the biggest-one day flow ever. In fixed-income, the iShares 0-5 Year Tips Bond ETF (STIP) took in a net $553 million, its biggest inflow since 2022. Model portfolios package together funds into ready-made strategies to sell to financial advisers and institutions. Broadridge Financial Solutions estimates that model assets could reach $11 trillion by 2028, with ETFs seen as a key driver of that growth. Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp ©2025 Bloomberg L.P.
Yahoo
15-05-2025
- Business
- Yahoo
VOO Leaves SPY in the Dust, Widens Lead as World's No. 1 ETF
What started as a close race is quickly becoming a rout. After overtaking the SPDR S&P 500 ETF Trust (SPY) as the world's largest ETF earlier this year, the Vanguard S&P 500 ETF (VOO) is leaving its competition in the dust. As of today, VOO has amassed $648 billion in assets under management, giving it a nearly $44 billion edge over SPY, which first lost its crown in February. The shift has been driven by an enormous divergence in flows. Since the start of the year, investors have poured $59.5 billion into VOO while yanking $24 billion out of SPY—a stunning $83.5 billion gap. It's no mystery what's fueling the move. VOO's rock-bottom expense ratio of 0.03% is a major draw, especially when compared to SPY's 0.09% fee. Both funds track the same index, but Vanguard's version gives investors a three-fold cost advantage, which adds up over time. But cost alone doesn't tell the whole story. Even the iShares Core S&P 500 ETF (IVV), which matches VOO's 0.03% expense ratio, has failed to attract similar attention. IVV has seen just $1.3 billion in inflows year to date, despite being the third-largest ETF in the world, with $587 billion in assets. The disparity underscores the strength of Vanguard's brand and the deep loyalty it commands among long-term investors. Even when alternative funds offer identical exposure at the same price, Vanguard's reputation as an investor-friendly outfit continues to tilt the playing field in its favor. At this pace, VOO is on track to smash its inflow record from last year, when it brought in $116 billion. With nearly half that total already secured in 2025, the fund's dominance of the S&P 500 ETF category—and the broader ETF landscape—looks stronger than | © Copyright 2025 All rights reserved
Yahoo
12-05-2025
- Business
- Yahoo
Exchange-Traded Funds, US Equities Advance After Midday
Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were higher. Actively trad Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
ESG ETFs Take Big Hits During Trump's First 100 Days
While the first 100 days of the Trump administration were rough on equity ETFs, among those taking the biggest hits were ESG exchange-traded funds. Investors have pulled a net $623.9 billion from the 10 largest ESG funds over the past three months, a period beginning shortly after Trump's January 20 swearing-in. The largest, the $12.5 billion iShares ESG Aware MSCI USA ETF (ESGU), has bled $420.1 million, according to data. The BlackRock fund is down 8.7% over the past three months, slightly underperforming the 7.9% dip in the firm's flagship S&P 500 fund, the iShares Core S&P 500 ETF (IVV). As President Donald Trump cut government spending on a range of programs promoting environmental, social and governance causes, such as diversity and social improvement, and pushed for further development of fossil fuels, investors have fled the ESG funds that collectively hold billions in assets. The funds surged in popularity in previous years, offering investors and institutions opportunities to bet on companies that promoted social and environmental well-being. Still, they came under attack by conservative politicians and state officials beginning in 2022, and President Trump's gutting of international aid, lawsuits against liberal institutions and promotion of fossil fuels has further eroded their popularity. 'The Trump administration's public disdain for the diversity, equity and inclusion (DEI) movement certainly hasn't helped the ESG investing theme,' said Kent Thune, CFP, senior research analyst. 'While I don't think socially responsible investing is dead, I don't see it returning to its peak, either.' Texas, Florida, West Virginia, Kentucky and Oklahoma have taken aim against ESG, in some cases banning government pension money from being invested in the funds. Seven of the 10 biggest ESG funds come from New York-based BlackRock, whose CEO Larry Fink has downplayed the role of ESG as it's come under fire. Most of the top ESG funds have had small inflows since Trump's swearing in, with the second-largest, the $9.5 billion Vanguard ESG U.S. Stock ETF (ESGV), adding $64.6 million. Source: Still, they were more than cancelled out by the $234.3 million in net outflows from the iShares MSCI USA ESG Select ETF (SUSA) and $185.3 million in outflows at the iShares MSCI KLD 400 Social ETF (DSI).Permalink | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
IVV, VOO Help Global ETF Inflows Reach New Heights in Q1
The global ETF industry set a new high mark for first-quarter inflows, suggesting investor confidence remains strong despite recent market volatility. ETFs worldwide collected $463.5 billion in the first quarter of 2025, according to London-based ETFGI's March 2025 Global ETFs and ETPs report. This surpasses the previous first-quarter record of $397.5 billion set in 2024, according to the research firm's data. The record-breaking quarter comes despite major market indexes posting declines, with the S&P 500 down 5.6% in March, according to the ETFGI report. This marks the 70th consecutive month of positive net inflows for the global ETF industry, demonstrating solid investor appetite for exchange-traded funds. March alone saw $158.8 billion flow into ETFs globally, according to ETFGI. The global ETF industry now manages $15.2 trillion in assets, up 1.6% since the end of 2024. Active ETFs have emerged as a growth driver, attracting $41.5 billion in March alone and $145.3 billion for the quarter, according to ETFGI. This represents an increase from the $71.8 billion gathered during the same period last year. Equity ETFs remained the dominant category with $211.6 billion in first-quarter inflows, though this was slightly below the $234.7 billion gathered in the first quarter of 2024, according to ETFGI data. Fixed-income ETFs collected $81.3 billion, while commodity ETFs reversed last year's outflows to attract $21.9 billion. The iShares Core S&P 500 ETF (IVV) led individual fund flows in March, gathering $23.6 billion, according to the ETFGI report. Other popular U.S. funds included the Vanguard S&P 500 ETF (VOO) with $6.5 billion and the iShares 0-3 Month Treasury Bond ETF (SGOV) with $3.9 billion in March inflows. Gold-focused products also saw strong demand, with the SPDR Gold Shares (GLD) attracting $2.9 billion in March, according to the ETFGI report, making it the seventh-highest inflow among all ETFs globally for the month. Beyond the U.S., developed markets showed better performance, declining just 0.4% in March while gaining 5.7% year to date, according to the ETFGI report. Among emerging markets, the Czech Republic and Greece stood out with March gains of 14% and 13%, respectively. Denmark and the United States saw the largest decreases among developed markets in March, Deborah Fuhr, managing partner, founder and owner of ETFGI, noted in the report. The global ETF industry now encompasses 13,832 products, with 27,411 listings from 852 providers across 81 exchanges in 63 countries, according to | © Copyright 2025 All rights reserved Sign in to access your portfolio
