This article was originally published on ETFTrends.com.
The S&P 500 just notched one of its best first-quarter performances on record and that was good news for growth stocks and ETFs. Consider the SPDR Portfolio S&P 500 Growth ETF (SPYG) , which is up nearly 16% year-to-date.
SPYG, which tracks the S&P 500 Growth Index, has been adding new assets at an impressive pace.
“It's apparent in the rush of investors trying to get access to growth stocks, a strategy that was pummeled during the fourth-quarter meltdown,” reports Bloomberg. “The $4.54 billion SPDR Portfolio 500 Growth ETF (SPYG) took in nearly $630 million in March — the largest monthly inflow on record for the almost 19-year-old fund.”
In the first quarter, investors added more than $928 million to SPYG. As of Tuesday, April 2 nd , the fund had $4.59 billion in assets under management, according to State Street data.
Inside SPYG ETF
SPYG holds 295 stocks with an almost 26% weight to the technology sector. Communication services and consumer discretionary, which are growth-oriented sectors, combine for about 27% of the fund's weight.
Investors can still enhance their portfolios as the bull market extends with growth-oriented stocks that continue to perform despite the recent bouts of volatility. The growth style has outperformed the market in spite of being prone to sell-offs with strong corporate earnings.
“In fact, Microsoft, Amazon.com, Facebook and Google parent Alphabet account for nearly 22% of the fund's holdings. While the growth fund is already up more than 15% this year, some strategists say there could be more room to run,” according to Bloomberg.
Other growth ETFs include the iShares Russell 1000 Growth ETF (IWF) and Vanguard Growth ETF (VUG) . IWF takes growth picks from the large-cap universe of Russell 1000 stocks. VUG selects picks from the largest 85th percentile of the U.S. stocks.
For more on investing strategies, please visit our Innovative ETFs Channel .
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