5 Most-Loved ETFs of the Best Week of 2024

Overall Market Performance - ETFs attracted a total of $7.2 million in capital last week, with U.S. fixed-income ETFs leading at $3.1 million in inflows [1] - The S&P 500 and Nasdaq Composite Index experienced gains of 2.7% and 4.2% respectively, marking the best week of 2024 [1] Key ETFs and Their Performance - iShares MBS ETF (MBB): Led asset flow creation with $1.2 billion in capital, offering exposure to U.S. mortgage-backed bonds and holding 10,835 bonds with an average maturity of 8.01 years [3] - Vanguard S&P 500 ETF (VOO): Accumulated $783 million, tracking the S&P 500 Index with a focus on the information technology sector [4] - SPDR S&P 500 ETF Trust (SPY): Attracted $738 million, also tracking the S&P 500 Index and heavily weighted in information technology [5] - Vanguard Total Stock Market ETF (VTI): Gathered $640.4 million, providing exposure to a broad range of stocks and holding 3,717 stocks [6] - SPDR Bloomberg Barclays High Yield Bond ETF (JNK): Saw inflows of $577 million, offering diversified exposure to high-yield corporate bonds [7] Sector Influences - The recent surge in ETF inflows was driven by renewed interest in artificial intelligence, particularly following strong earnings reports from tech giants Alphabet and Microsoft [2] - The positive sentiment from these companies helped mitigate concerns raised by Meta Platforms regarding weak revenue guidance [2]