THRO Attracts $3.2B in Assets as Dow Slides 817 Points

The iShares U.S. Thematic Rotation Active ETF (THRO) saw a significant increase in assets, pulling in $3.2 billion, bringing its total assets to $3.8 billion. This influx of funds occurred amidst a market downturn, with the Dow Jones Industrial Average dropping 817 points due to concerns about rising Treasury yields and deficit spending.

Despite the overall market decline, the SPDR S&P 500 ETF Trust (SPY) managed to attract $2.1 billion in investments, even as the S&P 500 index fell by 1.6%. Additionally, the iShares 10-20 Year Treasury Bond ETF (TLH) garnered $917.2 million in inflows as the 30-year Treasury yield reached 5.09%, its highest level since October 2023. The iShares 0-5 Year TIPS Bond ETF (STIP) also experienced positive net flows, gaining $553.1 million.

On the other hand, the iShares Core S&P 500 ETF (IVV) saw the largest outflows, with $6.3 billion leaving the fund. The iShares U.S. Technology ETF (IYW) and the iShares S&P 500 Growth ETF (IVW) also experienced outflows of $406.1 million and $822.6 million, respectively.

In terms of asset allocation, U.S. fixed-income ETFs received $1.1 billion in inflows, while international equity ETFs gained $1.4 billion. Overall, ETFs collectively gained $2.6 billion, driven by concerns that a new budget bill could exacerbate the federal deficit and keep Treasury yields elevated.

The data provided in this article is accurate as of 6 a.m. Eastern time on the date of publication. While believed to be precise, market data are subject to potential revisions and corrections by the exchanges.

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