Many investors have grown more confident in June’s stock market rally, and some now expect the next rally to include a broader mix of stocks. The Invesco S&P 500 Equal Weight ETF (RSP) has attracted $1.4 billion in new funding over the past week, making it one of the five most popular exchange-traded funds in the same period, according to FactSet. The fund dilutes the biggest companies by investing equal amounts in each S&P 500 stock and rebalancing quarterly. This year’s rally has been dominated by big tech stocks, especially those seen as powered by artificial intelligence, such as Nvidia, Alphabet and Microsoft. As a result, the S&P 500 has become more concentrated in a handful of large-cap stocks, and some Wall Street strategists warn that gains are too narrow to sustain. However, there are some signs that the rally will widen this month, which will benefit balanced funds such as the RSP. By Thursday, the RSP was up about 4.6% in June, while the SPDR S&P 500 ETF Trust (SPY) was up 4.5%. While the number of stocks at all-time highs remains low, the ratio of gainers to losers in the S&P 500 provides reason for optimism. “The S&P A/D index hits an all-time high despite what many believe is limited market participation.” [recently]. Please note that this is for the S&P component and not all NYSE stocks you would normally refer to. “It’s not uncommon to see discrepancies in these numbers, and again this is a matter of progress, not perfection,” Wellington Shields technical analyst Frank Gretz said in a client note. said in The RSP’s expense ratio is he’s 0.20%, but the year-to-date total return is about 4.4%, well below the S&P 500. Here is the full list of his top 5 ETFs by money flow over the past week. According to FactSet, the data is through Thursday. Here are some notable stats for this week: SPY has seen a big inflow this week, partially reversing last week’s big outflow. Significant week-to-week changes suggest factors such as: The iShares iBoxx Dollar Investment Grade Corporate Bond ETF (LQD) attracted $1 billion, with net year-to-date flow It means that it became a plus. The Vanguard Medium-Term Corporate Bond ETF (VCIT) has brought in more than $400 million over the past week.
