2023-09-18 14:44:23 ET
Energy, consumer discretionary, and semis vs. supplies for the healthcare, large capital financials and communication services industries were the sectors with the biggest flows in exchange-traded funds last week, according to Goldman Sachs’ US weekly rundown of equities.
From Sept. 11 to 15, consumer discretionary ( NYSEARCA: XLY ) got $456M in inflows and Energy ( NYSEARCA: XLE ) saw $114M. Could be a signal for a more persistent bid for cyclicals.
Year-to-date, Energy ( XLE ) has outflowed a total of $10.9B, and consumer discretionary ( XLY ), $3.5B.
Energy started to see asset under management growth in late July, consumer discretionary also followed same patterns, according to GS data.
Active ETFs got $400M in inflows this week, and $75B YTD.
Info tech had the most net selling at about 50% of the outflow, which was the heaviest on Thursday when its equities finished in the positive. Total outflow reached a new 2-year low, selling another $2.3B last week.
“Demand for [active ETFs] is dominated primarily by the retail investment community with only pockets of institutional uptake so far, but our trading desk has seen an uptick in block activity, globally, across the actively managed space just the same,” GS analysts wrote on Friday.
More on ETFs:
- MGK: Possibly Your Optimal Choice In A Growth ETF
- URA ETF: A Gateway To The Uranium Industry
- SCHD: 4 Reasons The Gold Standard High-Yield ETF Is A Rich Retirement Buy
- RSP: More Of A Mid-Cap Blend ETF Than Its Benchmark
For further details see:
Energy and consumer discretionary ETFs saw high numbers in inflows; info tech saw the highest selling in trading