July was a notoriously troubled month for the markets, but not all exchange traded funds (ETFs) were suffering.
John Spence for MarketWatch notes that there were 708 U.S.-listed ETFs in July, with 24 managers at the helm, and $578 billion in assets, according to State Street. Sure, it’s dwarfed by mutual funds’ $12 trillion.
But don’t count ETFs out: of the 10 best-selling funds in July, seven of them were ETFs. Financial Research Corp. in Boston gave the results, according to monthly flow reports. It’s a good snapshot as to where investors were looking last month:
- SPDR S&P 500 (SPY)
- SPDR Gold Shares (GLD)
- iShares MSCI Emerging Markets (EEM)
- ProShares UltraShort Financials (SKF)
- iShares Russell 2000 (IWM)
- Energy Select Sector SPDR (XLE)
- iShares FTSE/Xinhua China 25 Index (FXI)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.