Even though the S&P 500 dropped in December, equity funds scored gains on average for Q4 as a whole, thanks to gains posted over October and November. This marked their first quarterly advances in four quarters.
During Q4, equity funds climbed 8.7% on average. Still, even with this advance, equity funds declined for the full calendar year 2022, dropping by 16.8% -- their worst yearly returns since 2008.
Q4 also brought with it positive investment flows to the investment space. See below a breakdown of the top ten ETF fund flow leaders for the fourth quarter of 2022:
Top Ten ETF Q4 Inflow Leaders:
No. 10: iShares National Muni Bond ETF ( MUB ) +$3.68B
No. 9: iShares iBoxx USD High Yield Corporate Bond ETF ( HYG ) +$3.93B
No. 8: JPMorgan Equity Premium Income ETF ( JEPI ) +$3.94B
No. 7: iShares Core U.S. Aggregate Bond ETF ( NYSEARCA: AGG ) +$3.97B
No. 6: SPDR Bloomberg High Yield Bond ETF ( JNK ) +$3.98B
No. 5: Vanguard Total Bond Market ETF ( NASDAQ: BND ) +$4.27B
No. 4: Schwab U.S. Dividend Equity ETF ( SCHD ) +$4.44B
No. 3: Vanguard Tax-Exempt Bond ETF ( VTEB ) +$6.22B
No. 2: Vanguard Total Stock Market ETF ( NYSEARCA: VTI ) +$6.58B
No. 1: SPDR S&P 500 ETF Trust ( NYSEARCA: SPY ) +$9.29B
Data is per ETF.com .
In broader financial news, the release of fresh data about the labor market sent major market averages climbing on Friday.
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Equity funds on average were higher in Q4 for the first time in four quarters