Analyzing the ETF Landscape
When it comes to the world of Exchange-Traded Funds (ETFs), the past week has seen a significant influx of investor interest in two major players. Looking at the comparison of units outstanding over the last week within the ETF universe, one cannot ignore the substantial uptick in inflows witnessed by the SPDR S&P 500 ETF Trust (SPY). This behemoth added a staggering 23,202,116 units, marking a notable 2.3% surge week over week.
Examining the underlying components of SPY, the morning trading session today reveals a slight downturn for technology giants Apple (AAPL), down approximately 0.8%, and Microsoft Corporation (MSFT), experiencing a modest 0.2% decrease.
Uncovering Percentage Surges in ETFs
Not to be outdone, the ETF that stole the show in terms of percentage increase in inflows is none other than the FDVL ETF (FDVL). This fund witnessed a remarkable addition of 50,000 units, equating to a substantial 40.0% surge in its outstanding units.