UCBG's Record $2.5 Billion Launch Drives ETF Flows
Investors added $21.3 billion to US-listed ETFs during the week ending September 4, with a significant portion flowing into fixed income and international equity funds. The standout performer was State Street’s SPDR UC Investments 90/10 Endowment Strategy Index ETF (UCBG), which raised an unprecedented $2.5 billion on its debut after launching with an anchor investment from the University of California's endowment arm. The S&P 500 remained near record highs, while Treasury yields rose to their highest level since late 2023. Gold ETFs also saw strong inflows as investors returned to the debasement trade. Meanwhile, US equity ETFs experienced a rare outflow of $1.3 billion. The Roundhill Memory ETF (DRAM) was among the top losers with over $934 million in redemptions.
Tickers: $DRAM $GLD $IEFA $UCBG $VOO $VXUS