5 Most-Loved ETFs of Last Week
Last week, ETFs pulled in $10 billion in capital. U.S. fixed-income ETFs led the way higher with $4.5 billion in inflows, closely followed by $3.9 billion in international equity ETF, per etf.com. U.S. equity ETFs saw outflows of $382.4 million.
As such, Schwab Short-Term U.S. Treasury ETF SCHO, iShares MSCI Emerging Markets ETF EEM, Vanguard Total Stock Market ETF VTI, iShares J.P. Morgan USD Emerging Markets Bond ETF EMB and JPMorgan BetaBuilders Europe ETF BBEU dominated the top creation list last week.
Wall Street had a volatile week with the S&P 500 dropping 0.7% and the Nasdaq Composite Index rising 0.6%. America hit its $31.4 trillion debt limit last week, prompting the Treasury Department to begin using a series of accounting maneuvers to avoid a government shutdown. The standoff between the Republican-controlled House of Representatives and President Joe Biden's Democrats on lifting the ceiling could lead to a fiscal crisis in a few months (read: Top-Performing ETFs of Last Week).