FYI: The 20 biggest exchange-traded funds together hold $1.33 trillion in assets: 60% of a total category of $2.3 trillion.
But as analysts at Jefferies Equity Research point out, some of the biggest funds have seen outflows this year, while some small, niche products are picking up lots of interest.
The grandaddy of all funds, SPDR S&P 500 ETF Trust SPY, is down $20.6 billion in the year to date, while the second-biggest, iShares Core S&P 500 ETF IVV, increased its size only about 3.9%. Invesco’s popular tech giant, the QQQ Trust QQQ, which is the fifth-biggest fund, has also lost money this year.
Regards,
Ted