The Steel ETF (SLX) outperformed all other non-leveraged ETF for the week ending April 20, 2018, finishing up about 4.7%. The next best performer this week was the iShares MSCI Global Metals & Mining Producers ETF (PICK), with a 4.3% gain.
And underperforming this week was the Semiconductor ETF (SMH), off -4.9% due to reports of apparent smart phone sales growth slowdown. Its main competitor, the iShares PHLX Semiconductor ETF (SOXX) also fell about -4.6% this week.
Source: ETF Channel
- A third electric vehicle ETF debuted from Global X
- Hartford Funds launched an active “tax-aware” fixed-income fund
- Principal rolled out an actively managed investment-grade corporate bond ETF
- Direxion unveiled a leveraged complement to a key robotics fund
- First Trust converted its Taiwan AlphaDex ETF into an equal-weighted India fund
- EventShares will close two of its policy funds, and broadens focus of the third
- Elkhorn Investments finalized the closure of its two commodity funds in the wake of the failed deal with Veracen
- Supported by strong Q1 earnings reports, US listed ETFs continued to build momentum from previous week, with inflows of $11.0B. US Equity funds added $6.8B of weekly inflows, US Fixed Income added $2.2B, and International Equity ETFs picked up $1.1B.
- The SPDR S&P 500 ETF Trust (SPY) added a modest $708M
- The largest other individual inflows this week went into the PowerShares QQQ Trust (QQQ), with $1.3B.
- The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) led all ETFs in outflows this week, with -$758M, in a typical risk-on week.
Detailed Fund Flows: ETF.com