Recent fund flows continue to favor International Equity ETFs such as those that track Emerging as well as Developed Markets. For example, IEMG (iShares Core MSCI Emerging Markets) and competitor VWO (Vanguard FTSE Emerging Markets) have both pulled in net assets in the month of October with over $1 billion and over $600 million respectively.
Additionally, IEFA (iShares Core MSCI EAFE) has attracted more than $1.6 billion in its own right thus far in October. Elsewhere, some broad based U.S. Equity funds have also done well lately in terms of greeting new investors, including VTI (Vanguard Total Stock Market, +$500 million) and ITOT (iShares Core S&P Total U.S. Stock Market, +$380 million) just month to-date.
The Vanguard Emerging Markets Stock Index Fund (VWO) was trading at $45.22 per share on Monday morning, up $0.04 (+0.09%). Year-to-date, VWO has gained 27.40%, versus a 15.17% rise in the benchmark S&P 500 index during the same period.
Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.
Paul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.
He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.