Last week the markets closed off May with another positive month for the 4th month in a row for the big 3, the Nasdaq, the S&P 500, and the Dow, but more impressive was the 8th positive month for the small-cap Russell 2000 index – the longest monthly win streak since 1995. You could say things are looking a little exuberant lately. Inflation continues to weigh slightly on sentiment, with the core personal consumption expenditures index rising by 3.1% in April from a year earlier, bigger than the 2.9% expected increase. But the market is doing what the market wants these days, and with fiscal and monetary stimulus on full speed ahead, the direction has consistently gone higher. This week’s Top Buy ETFs are here to find a diversified way to gain exposure to certain sectors of the market. Q.ai’s deep learning algorithms have identified several to look out for this week based on their fund flows over the last 90-days, 30-days, and 7-days.
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iShares Russell 2000 ETF (IWM)
The iShares Russell 2000 ETF IWM is our first Top Buy ETF this week. This ETF is a staple for small cap investors, and while it carries more risk, has also had positive months in 8 rolling months, a record since 1995. It is the largest ETF on our list this week with our list with $68,392,708,107.60 AUM. It has mixed fund flows as it has seen a 90-day fund flow of -$1,936,831,040.00, 30-day fund flow of -$338,104,575.00, and 1-week fund flow of $284,302,210.00. Its net expense ratio of 0.2% is also decent.
iShares Russell 1000 Growth ETF (IWF)
Another Top Buy ETF this week is the iShares Russell 1000 Growth ETF IWF . This ETF aims to give exposure to U.S. companies whose earnings are expected to grow at an above-average rate relative to the market in the large- and mid-cap space. The ETF carries a $66,659,541,537.00 AUM, and has seen consistently negative fund flows. The ETF has a 90-day fund flow of -$1,789,186,865.00, 30-day fund flow of -$1,621,904,835.00, and 1-week fund flow of -$1,047,493,455.00. The ETF carries a net expense ratio of 0.20%.
iShares S&P 400 MidCap ETF (IJH)
The next Top Buy ETF is the iShares S&P 400 MidCap ETF IJH . This ETF aims to give investors exposure to a basket of mid-cap stocks in the U.S. The ETF has $63,043,495,600.80 AUM and is medium-sized. It has seen mixed fund flows, with a 90-day fund flow of $1,589,005,195.00, 30-day fund flow of -$197,590,900.00, and 1-week fund flow of $67,574,035.00. With a net expense ratio of 0.05%, this ETF is also extremely inexpensive and attractive to own.
Vanguard Dividend Appreciation ETF (VIG)
Moving along the Top Buys this week is the Vanguard Dividend Appreciation ETF VIG . This ETF aims to track the performance of the NASDAQ US Dividend Achievers Select Index, and has $57,822,986,512.08 AUM. The ETF has seen positive fund flows, with a fund flow of $1,312,415,171.28 over the last 90-days, $175,371,537.07 over the last 30-days, and $1,064,907.79 over the last week. The ETF also has a decent net expense ratio of 0.08%.
SPDR Gold Shares (GLD)
The SPDR Gold Shares GLD is our next Top Buy ETF for the week. This ETF aims to track the gold price, which has not done well in the last year but might be coming back with anticipated inflation going higher. The ETF has $57,157,591,196.53 AUM. The ETF has seen mixed fund flows, with a fund flow of -$3,370,529,600.00 over the last 90-days, $1,301,587,500.00 over the last 30-days, and $16,410,200.00 over the last week. The ETF also has a higher net expense ratio of 0.40%.
iShares MSCI EAFE ETF (EFA)
The iShares MSCI EAFE ETF EFA is the next ETF on our list today. The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada. The ETF holds $$55,753,186,341.60 AUM, and carries a net expense ratio of 0.32%.
iShares Russell 1000 Value ETF (IWD)
Next on our list today is the iShares Russell 1000 Value ETF. This ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics. Based on AUM, the ETF is medium-sized with $52,353,049,430.20 AUM. It has seen positive fund flows of $2,919,881,865.00 over the last 90-days, $480,210,570.00 over the last 30-days, and $55,839,495.00 over the last week. Its net expense ratio of 0.20% is decent.
Vanguard Mid-Cap ETF (VO)
The next Top Buy ETF tracks mid-cap stocks in the US in the Vanguard Mid-Cap ETF. It has $46,948,283,796.20 AUM, which is relatively middle-of-the-pack. It has seen positive fund flows, with a fund flow of $1,174,484,024.28 over the last 90-days, a fund flow of $384,327,309.69 over the last 30-days, and a fund flow of $57,119,432.73 over the last week. Its net expense ratio of 0.04% is also among the cheapest when compared to similar ETFs.
Vanguard Small-Cap ETF (VB)
Moving down the cap structure is the Vanguard Small-Cap ETF, which tracks an index of small-cap stocks. The fund is medium-sized for the ETFs this week with $44,471,437,867.20 AUM. It has also seen positive fund flows, with a 90-day fund flow of $1,471,279,930.34, a 30-day fund flow of $223,871,966.90, and 1-week fund flow of $91,016,300.00. Its net expense ratio of 0.05% is extremely inexpensive.
Vanguard Information Technology ETF (VGT)
Our final Top Buy ETF for the week is the Vanguard Information Technology ETF VGT , which tracks info tech stocks in the US, a much in-demand sector in the recent decade. The ETF has $44,244,722,206.36 AUM which is on the smaller side of the list today, but still quite large overall. It has seen consistently positive fund flows, with a 90-day fund flow of $432,778,307.93, a 30-day fund flow of $250,144,935.22, and 1-week fund flow of $94,591,484.23, With a net expense ratio of 0.10%, this ETF is quite cheap to own.
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