Three bond ETFs are found among the biggest losers of assets since the start of July. With outflows of nearly $1.7 billion, the iShares 7-10 Year Treasury Bond ETF (NYSEArca: IEF) tops that list. That is a reversal of fortune for an ETF that has spent much of 2014 as one of the best asset-gathering funds.
“The surprise winners in terms of ETF money flows YTD are commodities funds. While not as large an AUM group as stocks or bonds, commodity ETFs are up,” said Colas.
Since the start of July, the SPDR Gold Shares (NYSEArca: GLD) has added $407.7 million in new assets while the Market Vectors Gold Miners ETF (NYSEArca: GDX) and the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) have combined for $253 million of inflows. [Seasonality Favors Gold ETFs]
SPDR S&P 500 ETF
Tom Lydon’s clients own shares of AGG, EEM, GLD, QQQ and SPY.