Do you seek safe-haven investments? You’re not alone, as commodity and bond ETFs are on the rise. As of this writing, gold is trading at over $2,000 per ounce. The news comes amid a weakening dollar and the latest ADP National Employment Report showing fewer hiring than expected in March, suggesting a cooling labor market.
| Asset Class | AUM ($, mm) | Net Flows ($, mm) |
|---|---|---|
| Bond | $1,330,993.32 | $7,650.21 |
| Commodity | $137,521.39 | $445.76 |
| Preferred Stock | $29,031.73 | $145.08 |
| Volatility | $3,054.35 | $45.91 |
| Currency | $3,910.35 | -$5.38 |
| Real Estate | $63,429.16 | -$17.10 |
| Multi-Asset | $30,088.32 | -$44.83 |
| Alternatives | $5,136.81 | -$74.70 |
| Equity | $5,088,944.64 | -$3,882.82 |
SPDR Gold Shares ETF (GLD) has been rallying in the past week. Today, it’s traded at $187, up from $182 on March 30th. However, its fund flow has decreased from $235.18 million to $128.81 million in a week. In the same vein, iShares Gold Trust (IAU) is also on the rise, with the latest market price at $38.33. Both ETFs have gained over 9% in the last month.
Among all asset classes, bond ETFs ranked highest. Vanguard Total Bond Market ETF (BND) showed consistent growth, trading at $74.52. Amid the economic ups and downs, its one-month net flow is $991.96 million. At $100.60, the iShares Core U.S. Aggregate Bond ETF (AGG) maintained its growth.
There has been a lot of interest in the Preferred Stock ETF this week, perhaps due to speculations that the Fed may soften its monetary policy. iShares Preferred & Income Securities ETF’s (PFF) five-day net AUM change is $533.33 million. Similarly, the five-day net flows of VanEck Preferred Securities ex Financials ETF (PFXF) is $18.26 million.
For more news, information, and analysis, visit the Gold & Silver Investing Channel.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
