Latest news with #iSharesCoreS&P500
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
09-05-2025
- Business
- Yahoo
MBB Leads With $1.2B Gain as Markets React to UK Trade Deal
The iShares MBS ETF (MBB) pulled in $1.2 billion on Thursday, increasing its assets under management to $38.2 billion, according to data provided by FactSet. This inflow came as stocks rose Thursday, with the Dow climbing 254 points following President Donald Trump's announcement of a trade deal framework with the United Kingdom. The Vanguard S&P 500 ETF (VOO) attracted $436 million even as other large equity funds saw outflows. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) added $268 million, while the SPDR S&P Biotech ETF (XBI) gained $254 million as investors showed interest in the healthcare sector. On the outflow side, the SPDR S&P 500 ETF Trust (SPY) saw redemptions of $1.8 billion despite the S&P 500 rising 0.6% on positive trade developments. The iShares Core S&P 500 ETF (IVV) experienced outflows of $1.4 billion, while the Invesco QQQ Trust (QQQ) lost $798 million even as the Nasdaq-100 gained 1%. U.S. fixed income led asset classes with inflows of $2.9 billion, while U.S. equity funds experienced outflows of $3.2 billion. Overall, ETFs gained $1.4 billion in net inflows as markets responded to the first major trade agreement since the implementation of global tariffs earlier this year. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change MBB iShares MBS ETF 1,238.13 38,177.11 3.24% VOO Vanguard S&P 500 ETF 435.78 617,551.63 0.07% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 267.82 28,913.63 0.93% XBI SPDR S&P BIOTECH ETF 253.65 4,803.89 5.28% IAGG iShares Core International Aggregate Bond ETF 248.74 7,297.35 3.41% USIG iShares Broad USD Investment Grade Corporate Bond ETF 237.24 13,527.94 1.75% QLD ProShares Ultra QQQ 228.56 6,692.11 3.42% GLD SPDR Gold Shares 218.90 102,445.11 0.21% SSO ProShares Ultra S&P 500 215.44 5,117.60 4.21% JNK SPDR Bloomberg High Yield Bond ETF 188.82 6,748.07 2.80% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -1,768.48 572,164.62 -0.31% IVV iShares Core S&P 500 ETF -1,410.21 561,347.99 -0.25% QQQ Invesco QQQ Trust Series I -797.58 302,332.52 -0.26% SMH VanEck Semiconductor ETF -319.05 19,635.99 -1.62% HYG iShares iBoxx $ High Yield Corporate Bond ETF -274.25 14,645.17 -1.87% IGV iShares Expanded Tech-Software Sector ETF -212.35 11,328.73 -1.87% RSP Invesco S&P 500 Equal Weight ETF -184.81 70,029.68 -0.26% VUG Vanguard Growth ETF -172.36 152,649.47 -0.11% GSLC TR Activebeta US Large Cap Equity ETF -171.88 12,602.93 -1.36% VCLT Vanguard Long-Term Corporate Bond ETF -161.99 11,868.16 -1.36% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 20.76 9,799.94 0.21% Asset Allocation 7.94 23,922.12 0.03% Commodities ETFs 320.49 216,017.06 0.15% Currency 145.58 125,081.57 0.12% International Equity 410.27 1,712,572.51 0.02% International Fixed Income 489.86 282,270.63 0.17% Inverse 31.54 15,254.75 0.21% Leveraged 336.17 109,571.60 0.31% US Equity -3,242.92 6,446,779.43 -0.05% US Fixed Income 2,863.18 1,649,995.34 0.17% Total: 1,382.85 10,591,264.95 0.01% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
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
22-04-2025
- Business
- Yahoo
SPY Attracts $5.1 Billion as Dow Plunges Nearly 1,000 Points
The SPDR S&P 500 ETF Trust (SPY) pulled in $5.1 billion Monday, growing to $553.7 billion, according to daily fund flows data. This major inflow came as the Dow tumbled 972 points, or 2.5%, to 38,170 after President Donald Trump criticized Federal Reserve Chair Jerome Powell, calling him a "major loser" and demanding immediate rate cuts. The SPDR Dow Jones Industrial Average ETF Trust (DIA) attracted $1.6 billion, while the SPDR Gold Shares (GLD) gained $731.5 million as gold prices surged to record highs above $3,400 per ounce. The ProShares UltraPro QQQ (TQQQ) saw inflows of $474.7 million despite the tech-heavy Nasdaq-100 falling 2.5%. The Invesco QQQ Trust (QQQ) experienced the largest outflows at $2.6 billion as tech stocks led the market lower, with Tesla Inc. (TSLA) dropping 5.8% and Nvidia Corp. (NVDA) falling 4%. The VanEck Semiconductor ETF (SMH) lost $1.5 billion in assets, while the iShares Core S&P 500 ETF (IVV) saw outflows of $1.3 billion. Commodity ETFs gained $1.2 billion as investors sought safe-haven assets amid dollar weakness, while leveraged ETFs pulled in $973.7 million. Despite Monday's sharp decline, U.S. equity ETFs saw inflows of $3.1 billion. Overall, ETFs experienced net inflows of $6.3 billion. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 5,054.80 553,728.32 0.91% DIA SPDR Dow Jones Industrial Average ETF Trust 1,604.31 35,702.82 4.49% GLD SPDR Gold Shares 731.51 101,923.45 0.72% SPLG SPDR Portfolio S&P 500 ETF 721.42 57,986.45 1.24% SPTI SPDR Portfolio Intermediate Term Treasury ETF 490.50 8,381.25 5.85% TQQQ ProShares UltraPro QQQ 474.70 18,822.89 2.52% VOO Vanguard S&P 500 ETF 317.56 571,642.34 0.06% JPST JPMorgan Ultra-Short Income ETF 275.12 30,318.29 0.91% SOXL Direxion Daily Semiconductor Bull 3x Shares 218.14 7,652.48 2.85% AVLV Avantis U.S. Large Cap Value ETF 209.32 6,398.25 3.27% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change QQQ Invesco QQQ Trust Series I -2,576.32 281,551.73 -0.92% SMH VanEck Semiconductor ETF -1,454.04 17,706.90 -8.21% IVV iShares Core S&P 500 ETF -1,322.48 535,445.02 -0.25% XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF -444.85 369.40 -120.42% XLE Energy Select Sector SPDR Fund -232.33 26,834.58 -0.87% XLF Financial Select Sector SPDR Fund -226.29 47,526.11 -0.48% DFAC Dimensional U.S. Core Equity 2 ETF -197.64 29,339.76 -0.67% KBE SPDR S&P Bank ETF -168.42 1,270.47 -13.26% SOXX iShares Semiconductor ETF -149.92 9,977.84 -1.50% IEF iShares 7-10 Year Treasury Bond ETF -141.91 34,521.83 -0.41% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 22.16 9,633.38 0.23% Asset Allocation 35.67 22,934.37 0.16% Commodities ETFs 1,156.41 213,308.07 0.54% Currency 199.51 105,372.48 0.19% International Equity -1,229.82 1,602,735.43 -0.08% International Fixed Income 557.86 276,177.96 0.20% Inverse 200.92 15,228.62 1.32% Leveraged 973.72 93,093.72 1.05% US Equity 3,065.67 6,077,664.93 0.05% US Fixed Income 1,334.53 1,633,059.48 0.08% Total: 6,316.62 10,049,208.45 0.06% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
