Investors poured more than $915 billion into exchange traded funds in 2024 as of Wednesday, hitting a fresh record, according to VettaFi.
Inflows are on track to hit the $1 trillion milestone by year-end, as the election acts as a new catalyst, the firm found. "We've seen an acceleration in the demand for ETFs and the use of ETFs in the past week," said Todd Rosenbluth, head of research at VettaFi. "The majority of flows continued to be index based," he added. "ETFs are becoming a preferred way to get exposure to the stock market.
"The majority of flows continued to be index based," he added. "ETFs are becoming a preferred way to get exposure to the stock market. You can get diversification benefits as opposed to buying a single stock."up nearly 1% over the last five trading days through Wednesday. Investors' enthusiasm over President-elect Donald Trump's win last week powered the three major averages to fresh highs on Monday. However, the rally has been losing some steam in recent days.
The Invesco S&P 500 Momentum ETF is made up of 100 stocks the firm rates as having the highest "momentum score" in the S&P 500, its inflows have jumped 25% post election and more than 1100% year to date. The Invesco S&P 500 Equal Weight ETF that mirrors the stocks of the market cap weighted S&P 500 has seen inflows increase more than 24% year to date
State Street said its SPDR Galaxy Digital Asset Ecosystem ETF has seen inflows increase by 26% since Election Day. Top holdings in the DECO ETF include bitcoin-related stocks Cipher Mining, Riot Platforms and Terawulf.
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