Todd Sohn
ETF Strategist
July Equity Flows and the Concentration Freight Train
08/06/2025
In this week’s ETF & Markets video, ETF Expert Todd Sohn looks at how July equity flows stack up to recent months, the concentration freight train, where active and small-cap ETFs fit into the puzzle.
Definitions:
S&P 500 Index – “The S&P 500 is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the U.S.”
Actively-managed ETF – “An actively managed ETF is an exchange-traded fund with a manager or team making decisions on the underlying investments in the fund.”
Russell 2000 Index – “The Russell 2000 Index, launched in 1984 by the Frank Russell Company and now managed by FTSE Russell, assesses the performance of 2,000 small-cap companies.”
Small-cap – “Small-cap corporations have between $250 million and $2 billion in market capitalization.”
Bloomberg Agg – “The Bloomberg Aggregate Bond Index or "the Agg" is a broad-based fixed-income index used by bond traders and the managers of mutual funds and exchange-traded funds as a benchmark to measure their relative performance.”
Vanguard Federal Money Market Fund (VMFXX) - “A government money market mutual fund that only invest in U.S. Treasury securities, Repurchase agreements collateralized by U.S. Treasury securities, Other types of government securities.”
iShares 0-3 Month Treasury Bond ETF (SGOV) – “An exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months.”
July Equity Flows and the Concentration Freight Train
08/06/2025