Nastassia Samal
The world’s largest exchange-traded fund by AUM, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), witnessed a net inflow of $16.7B in the final week of June. 3 out of 4 weeks in June saw an outflow.
Overall, the SPY fund (SPY) wrapped up an outflow of $9.6B for June, climbing 3.53% to ~$544.22, with almost $541B in AUM.
Last week:
5 out of 11 S&P 500 ETFs recorded outflows. The Technology Select Sector SPDR Fund (XLK) saw the highest outflow of ~$8.6B, mainly due to the rebalancing. The second-highest outflow was seen in the Communications Services Select Sector SPDR Fund (XLC) at ~$653.8M, according to data from ETF.com.
The Technology Fund (XLK) and Communication Services Fund (XLC) traded +0.12% and +0.65%, respectively, last week.
The Financial Select Sector SPDR Fund (XLF) recorded the highest inflow of $845.3M last week, followed by the Utilities Select Sector SPDR Fund (XLU) with a $330.1M inflow. These were the two funds that saw the highest outflow for the week-ending June 21.
The financial fund (XLF) and utilities fund (XLU) traded -0.72% and -1.4%, respectively, last week.
June wrap-up
The sector-based funds that saw the highest inflows in June are the utilities fund (XLU) and the financial fund (XLF), syncing with last week’s trends. (XLU) and (XLF) bagged an inflow of ~$780M and ~$597M, respectively, in June.
Utilities (XLU) saw inflows for 3 out of 4 weeks in June, while Financial (XLF) bagged inflows only in the final week of June.
The highest outflows in June were recorded in the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Industrial Select Sector SPDR Fund (XLI), $120.45M and $39.39M, respectively.
This week’s top funds (in terms of inflows), Utilities (XLU), and Financials (XLF) get Seeking Alpha’s Quant rating of Sell and Buy with a score of 2.46 and 3.93, respectively.
