Earlier this week, we lamented the fate of five ETFs that had seen substantial outflows in recent months. Well, we're not Debbie Downers here and we do like to be fair, so this time around we'll look at five ETFs that investors have been rewarding with ample amounts of fresh capital recently.
Of the five constituents on this list, one won't surprise anyone. One has boomed in just the past few days. Two are ETFs a lot of investors haven't even heard of yet and the other member is the largest fund tracking its respective sector.
With that, here's our list of five ETFs seeing substantial inflows.
Direxion Daily Financail Bull 3X Shares FAS:
In one trading week through Oct. 6, FAS has garnered $215 million in new assets. That's not going to be enough to convince anyone that bank stocks are suddenly great investments, but it's probably enough to say financials are worth a look as a short-term trade from the long side.
ETF Securities Physical Swiss Gold Shares SGOL:
This is the member of the list that we said won't surprise anyone. In late March, SGOL had $1 billion in AUM. Today the ETF has over $1.84 billion in AUM and as gold prices keep climbing and investors look for storage outside the U.S., SGOL will continue to flourish.
Consumer Staples Select Sector SPDR XLP:
The Consumer Staples Select Sector SPDR has been rewarded by the perception staples are less bad than the broader market during downturns. This ETF that your grandparents would love had $4.2 billion in AUM on May $24. As of Oct. 5, it had over $5.1 billion. Not a bad jump considering what the market has been up to, er, down to recently.
MAXIS Nikkei 225 Index ETF NKY:
Issued by Precidian Funds, the MAXIS Nikkei 225 Index ETF made its debut in August and got off to a stellar start, quickly accumulating $100 million in AUM. A roughly 38% jump in two months $138 million isn't too shabby, especially in this market environment.
Market Vectors EM Local Currency Bond ETF EMLC:
Maybe it's because bond ETFs of all stripes have been seeing big inflows. Or maybe it's because investors want bond ETFs that aren't littered with U.S. government debt and low-yielding corporate fare. Either way, the Market Vectors EM Local Currency Bond ETF had $338.6 million in AUM on May 24th. As of Oct. 5, it had nearly $508 million.
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