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Business Insider
5 days ago
- Business
- Business Insider
AI stocks look 'eerily similar' to the dot-com craze, warns CIO overseeing $15 billion. Invest in this 'boring' corner of the market instead.
The intoxicating buzz around artificial intelligence stocks over the last few years looks concerningly like the dot-com bubble, top investor Richard Bernstein warns. The CIO at $15 billion Richard Bernstein Advisors wrote in a June 30 post that the AI trade is starting to look rich, and that it may be time for investors to turn their attention toward a more "boring" corner of the market: dividend stocks. "Investors seem universally focused on 'AI' which seems eerily similar to the '.com' stocks of the Technology Bubble and the 'tronics' craze of the 1960s. Meanwhile, we see lots of attractive, admittedly boring, dividend-paying themes," Bernstein wrote. Since ChatGPT hit the market in November 2022, the S&P 500 and Nasdaq 100 have risen 54% and 90%, respectively. Valuations, by some measures, have surged back toward record highs, rivaling levels seen during the dot-com bubble and the 1929 peak. While Bernstein said he's not calling a top, trades eventually go the other way, and the best time to invest in something is when it's out of favor — not when a major rally has already occurred. "At the beginning of a bull market when momentum and beta strategies are by definition most rewarded, investors' fears leads them to emphasize dividends and lower-beta equities," he wrote. "In later-cycle periods when dividends and lower beta become more attractive, investors' confidence leads them to risk-taking and momentum investing." "We clearly are not at the beginning of a bull market and, as we've previously written, the profits cycle is starting to decelerate," he added. That's why dividend stocks could be ripe for appreciation, Bernstein said. He especially likes utilities stocks, which are known for issuing dividends. Dividends are payments that a company sends out to shareholders on a regular basis (usually quarterly), and they can be used by investors as income or reinvested in the stock. If reinvested, your position in the stock can compound. When considering compounding returns, dividend stocks actually hold their own against high-flying tech stocks, Bernstein said. "One of the easiest methods for building wealth has historically been the power of compounding dividends. Compounding dividends is boring as all get out, but it's been highly successful through time." "In fact, compounding dividend income has been so successful, that the Dow Jones Utilities Index's returns have been roughly neck-and-neck with NASDAQ returns since NASDAQ's inception in 1971!" Investors can gain broad exposure to dividend stocks through funds like the SPDR S&P Dividend ETF (SDY), Vanguard Dividend Appreciation ETF (VIG), and more.
Yahoo
11-06-2025
- Business
- Yahoo
SPY Attracts $3.1B in Assets as Trade Talks Continue
The SPDR S&P 500 ETF Trust (SPY) pulled in $3.1 billion on Tuesday, boosting its assets under management to $612.7 billion, according to data provided by FactSet. The inflows came as the S&P 500 rose 0.6% during the third consecutive day of gains while U.S. and Chinese officials continued trade talks in London for a second day. The Vanguard Total Bond Market ETF (BND) attracted $600.2 million, while the Vanguard Tax-Exempt Bond ETF (VTEB) gained $450.1 million. The iShares Core U.S. Aggregate Bond ETF (AGG) collected $399.4 million, and the SPDR Portfolio S&P 500 Growth ETF (SPYG) pulled in $375.1 million. The SPDR Portfolio S&P 500 Value ETF (SPYV) lost $674 million, while the Vanguard Short-Term Corporate Bond ETF (VCSH) experienced outflows of $534.9 million. The Vanguard Long-Term Bond ETF (BLV) shed $465.3 million, and the Direxion Daily Semiconductor Bull 3x Shares (SOXL) lost $244.2 million. U.S. equity ETFs collected $3.2 billion in net inflows, while international equity ETFs gained nearly $573 million. International fixed-income ETFs attracted just under $363 million, and currency ETFs pulled in $252.3 million. Overall, ETFs gained $4.2 billion for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 3,118.37 612,718.31 0.51% BND Vanguard Total Bond Market ETF 600.17 127,852.98 0.47% VTEB Vanguard Tax-Exempt Bond ETF 450.11 36,036.04 1.25% AGG iShares Core U.S. Aggregate Bond ETF 399.38 125,435.50 0.32% SPYG SPDR Portfolio S&P 500 Growth ETF 375.05 35,771.32 1.05% EWY iShares MSCI South Korea ETF 245.20 4,055.68 6.05% BNDX Vanguard Total International Bond ETF 237.08 66,326.35 0.36% VOO Vanguard S&P 500 ETF 222.18 668,725.67 0.03% JNK SPDR Bloomberg High Yield Bond ETF 172.05 7,366.98 2.34% TSLL Direxion Daily TSLA Bull 2X Shares 159.85 5,696.56 2.81% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change IVV iShares Core S&P 500 ETF -723.12 591,424.19 -0.12% SPYV SPDR Portfolio S&P 500 Value ETF -674.01 26,065.32 -2.59% VCSH Vanguard Short-Term Corporate Bond ETF -534.89 34,335.75 -1.56% BLV Vanguard Long-Term Bond ETF -465.27 5,610.18 -8.29% BIV Vanguard Intermediate-Term Bond ETF -446.93 22,585.17 -1.98% BSV Vanguard Short-Term Bond ETF -288.23 38,068.10 -0.76% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF -278.75 28,989.50 -0.96% SOXL Direxion Daily Semiconductor Bull 3x Shares -244.15 12,323.69 -1.98% DIA SPDR Dow Jones Industrial Average ETF Trust -214.19 38,145.06 -0.56% VB Vanguard Small-Cap ETF -209.51 62,413.90 -0.34% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -7.65 10,014.87 -0.08% Asset Allocation 18.82 25,066.68 0.08% Commodities ETFs 100.48 215,690.29 0.05% Currency 252.29 146,074.62 0.17% International Equity 572.98 1,824,467.50 0.03% International Fixed Income 362.97 293,815.63 0.12% Inverse -6.27 14,682.99 -0.04% Leveraged -75.87 123,330.78 -0.06% US Equity 3,175.91 6,902,538.49 0.05% US Fixed Income -222.72 1,662,261.93 -0.01% Total: 4,170.95 11,217,943.79 0.04% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
SPYV Attracts $730M in Assets Amid US-China Trade Talks
The SPDR Portfolio S&P 500 Value ETF (SPYV) pulled in $729.6 million on Monday, boosting its assets under management to $26.7 billion, according to data provided by FactSet. The inflows came as the S&P 500 edged 0.1% higher while U.S. and Chinese officials held trade talks in London with expectations of progress on critical mineral exports. The Direxion Daily TSLA Bull 2X Shares (TSLL) attracted $491.7 million, while the Vanguard S&P 500 ETF (VOO) gained just under $362 million. The iShares Core S&P 500 ETF (IVV) collected $270.9 million and the JPMorgan Ultra-Short Income ETF (JPST) pulled in $257.1 million. The SPDR S&P 500 ETF Trust (SPY) saw outflows of $868.7 million despite the market gains. The Direxion Daily Semiconductor Bull 3x Shares (SOXL) lost $335.3 million, while the iShares Russell 2000 ETF (IWM) experienced outflows of $243.8 million. The SPDR Dow Jones Industrial Average ETF Trust (DIA) shed $192.8 million, and the iShares Bitcoin Trust ETF (IBIT) lost $130.5 million. U.S. fixed-income ETFs collected $591.3 million in net inflows, while U.S. equity ETFs gained $550.7 million. Commodities ETFs attracted nearly $347 million, and international fixed-income ETFs pulled in $289.2 million. Overall, ETFs gained $1.8 billion for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPYV SPDR Portfolio S&P 500 Value ETF 729.55 26,700.70 2.73% TSLL Direxion Daily TSLA Bull 2X Shares 491.68 5,076.24 9.69% VOO Vanguard S&P 500 ETF 361.97 667,824.41 0.05% IVV iShares Core S&P 500 ETF 270.90 591,554.50 0.05% JPST JPMorgan Ultra-Short Income ETF 257.14 31,464.60 0.82% BND Vanguard Total Bond Market ETF 230.98 127,024.03 0.18% CGDV Capital Group Dividend Value ETF 221.61 17,534.50 1.26% GLD SPDR Gold Shares 215.45 100,492.13 0.21% XLF Financial Select Sector SPDR Fund 192.33 49,579.84 0.39% SGOV iShares 0-3 Month Treasury Bond ETF 185.82 48,542.95 0.38% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -868.68 608,991.13 -0.14% SOXL Direxion Daily Semiconductor Bull 3x Shares -335.28 11,720.54 -2.86% IWM iShares Russell 2000 ETF -243.79 61,911.67 -0.39% DIA SPDR Dow Jones Industrial Average ETF Trust -192.78 38,360.41 -0.50% IEI iShares 3-7 Year Treasury Bond ETF -187.29 15,240.97 -1.23% MUB iShares National Muni Bond ETF -155.16 38,056.45 -0.41% JEPQ JPMorgan NASDAQ Equity Premium Income ETF -131.75 26,212.98 -0.50% IBIT iShares Bitcoin Trust ETF -130.49 69,069.26 -0.19% IJR iShares Core S&P Small Cap ETF -113.14 78,155.77 -0.14% TLT iShares 20+ Year Treasury Bond ETF -110.89 48,466.79 -0.23% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 7.43 10,004.46 0.07% Asset Allocation -2.65 24,988.97 -0.01% Commodities ETFs 346.99 216,505.24 0.16% Currency -57.65 140,253.25 -0.04% International Equity 206.94 1,815,025.11 0.01% International Fixed Income 289.17 293,376.66 0.10% Inverse -55.13 14,850.25 -0.37% Leveraged -50.29 120,708.20 -0.04% US Equity 550.74 6,878,671.64 0.01% US Fixed Income 591.27 1,662,867.62 0.04% Total: 1,826.80 11,177,251.40 0.02% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
Yahoo
29-05-2025
- Business
- Yahoo
UBS: Trade Chaos Fans Fed's Caution
SPDR S&P 500 ETF Trust (SPY) slips as UBS warns that tariff uncertainty will keep the Federal Reserve on the sidelines. UBS Chief Economist Paul Donovan notes that a U.S. trade court invalidated roughly half of President Trump's emergency-power tariffs, lifting a significant tax burden but leaving uncertainty firmly in place. Futures markets are pricing in two quarter-point Fed rate cuts this yearone in September and another by year-endafter the Fed's own minutes reaffirmed a wait-and-see stance amid policy ambiguity. Donovan argues that while the court decision eases costs for consumers and companies, it doesn't reset to factory settingsthe ruling will be appealed, and future tariff moves or alternate legislation could reimpose trade taxes. That back-and-forth may prompt businesses to delay investment or hiring and hold off further price increases until the outlook clears. Investors should care because persistent tariff risks can dampen growth, keep interest rates elevated for longer and weigh on market sentiment. With the Fed's next policy meeting slated for June 1112, markets will be watching for any shift in guidance on the appeal process or fresh trade-related developments. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
UBS: Trade Chaos Fans Fed's Caution
SPDR S&P 500 ETF Trust (SPY) slips as UBS warns that tariff uncertainty will keep the Federal Reserve on the sidelines. UBS Chief Economist Paul Donovan notes that a U.S. trade court invalidated roughly half of President Trump's emergency-power tariffs, lifting a significant tax burden but leaving uncertainty firmly in place. Futures markets are pricing in two quarter-point Fed rate cuts this yearone in September and another by year-endafter the Fed's own minutes reaffirmed a wait-and-see stance amid policy ambiguity. Donovan argues that while the court decision eases costs for consumers and companies, it doesn't reset to factory settingsthe ruling will be appealed, and future tariff moves or alternate legislation could reimpose trade taxes. That back-and-forth may prompt businesses to delay investment or hiring and hold off further price increases until the outlook clears. Investors should care because persistent tariff risks can dampen growth, keep interest rates elevated for longer and weigh on market sentiment. With the Fed's next policy meeting slated for June 1112, markets will be watching for any shift in guidance on the appeal process or fresh trade-related developments. This article first appeared on GuruFocus.
