Overall, ETFs pulled in $37.3 billion in capital last week, taking year-to-date inflows to $329 billion. U.S. equity ETFs led the way higher with $30.6 billion in inflows.
As earnings season nears its close, VettaFi has found that 80 percent of earnings beats can be attributed to cost-cutting measures and not revenue growth. ETF Think Tank Director of Research Cinthia Murphy sits down with Yahoo Finance Live to talk about cautionary ETF plays as earnings season passes and investors pay closer attention to the Fed's interest rate decisions. "The truth is they're beating because they're cutting costs, and that's not necessarily supportive of growth," Murphy says on earnings season, adding: "What we're seeing in the ETF space... people [are] slowly [trimming] that risk exposure and defensive plays are gaining momentum here because nobody knows what happens next." Murphy outlines ETF strategies amid higher-for-longer interest rates, such as total market exposures, while also commenting on the narrative around the pending approval of a spot bitcoin ETF.
July saw an influx of assets in many of the largest known ETFs, with investors pouring in $61 billion. Many of these ETFs flew under the radar for a significant period of time but saw increased investment in July. Todd Rosenbluth, VettaFi Head of Research comments, "it's exciting for us to dig into these up-and-coming ETFs."Rosenbluth highlights the investing potential for ETFs in the fixed-income and AI landscapes, as well funds for hedging against inflation.