Investors poured $10.4 billion into ETFs last week, leading to record highs in Wall Street.

From Nasdaq: 2024-06-18 11:00:00

Last week saw $10.4 billion flow into ETFs, bringing year-to-date inflows to $324.7 billion. U.S. fixed-income ETFs led with $5.2 billion in inflows, followed by $5 billion in international equity and $1.2 billion in U.S. equity ETFs. Top creations included iShares Core S&P 500 ETF, Invesco QQQ Trust, iShares Core MSCI EAFE ETF, iShares MSCI EAFE Growth ETF, and iShares iBoxx $ Investment Grade Corporate Bond ETF.

Wall Street hit new highs last week, with the S&P 500 and Nasdaq reaching record levels. Apple regained its title as the most valuable company, beating out Microsoft. Inflation cooled in May, suggesting economic stabilization and potential interest rate cuts. The Fed hinted at one rate cut this year and four in 2025, noting progress towards its 2% inflation target.

Top ETFs last week included iShares Core S&P 500 ETF, Invesco QQQ Trust, iShares Core MSCI EAFE ETF, iShares MSCI EAFE Growth ETF, and iShares iBoxx $ Investment Grade Corporate Bond ETF. iShares Core S&P 500 ETF led in asset flow creation with $11.1 billion. Invesco QQQ Trust brought in $2.3 billion, iShares Core MSCI EAFE ETF gained $1.8 billion, iShares MSCI EAFE Growth ETF attracted $1.1 billion, and iShares iBoxx $ Investment Grade Corporate Bond ETF saw $1 billion in inflows.



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