Thematic Recap: MLPs Gain as FinTech and Uranium Tumble

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Weekly Channel Summary

The Thematic channel, encompassing 396 ETFs from 101 issuers, closed the week with a total AUM of $268B. The channel saw net inflows of $0.12B over the past week, bringing Year-to-Date (YTD) inflows to $40.84B and 1-year inflows to $44.76B.

This Week’s Performance Leaders and Laggards

Midstream & MLPs was the only category to post a positive return, gaining 1.55% for the week (up 4.28% YTD). The primary laggard was FinTech, which dropped -5.82% WTD, though it remains up 41.75% YTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Midstream & MLPs 1.55% -1.05% -0.76% 2.52% 4.28% 5.66%
Sustainability -0.08% 3.85% 22.94% 49.09% 40.75% 35.02%
Infrastructure -0.74% 0.66% 6.97% 18.43% 21.15% 15.31%
Alternative Equity -0.90% -1.62% -6.50% 1.45% -4.51% -2.21%
Precious Metals -1.18% -6.58% 27.45% 53.25% 114.60% 87.71%
Health Innovation -2.65% 0.83% 15.98% 24.11% 13.35% 2.34%
Evolving Consumer -2.80% -6.61% 2.87% 19.19% 17.88% 12.48%
Natural Resources -3.05% -2.13% 14.47% 35.71% 36.18% 21.05%
Thematic – Multi-Sector -3.21% -1.24% 8.10% 27.87% 22.22% 21.65%
Disruptive Tech -4.02% -0.57% 9.99% 30.31% 23.97% 23.63%
Industrial Revolution -4.13% -2.76% 10.54% 31.77% 28.18% 27.72%
FinTech -5.82% -8.03% 22.40% 66.71% 41.75% 37.30%

Top & Bottom 5 ETFs by Weekly Performance

The week’s best-performing fund was the iShares Emerging Markets Infrastructure ETF (EMIF), which returned 3.07%. The worst-performing ETFs were concentrated in the uranium sector, led by the Sprott Junior Uranium Miners ETF (URNJ) with a -18.95% return and the Sprott Uranium Miners ETF (URNM) at -14.91%.

Ticker Fund Name WTD Performance
Top Performers
EMIF iShares Emerging Markets Infrastructure ETF 3.07%
TAN Invesco Solar ETF 2.92%
OZEM Roundhill GLP-1 & Weight Loss ETF 2.80%
NBET Neuberger Berman Energy Transition & Infrastructure ETF 2.64%
ICLN iShares Global Clean Energy ETF 2.14%
Bottom Performers
URNJ Sprott Junior Uranium Miners ETF -18.95%
URNM Sprott Uranium Miners ETF -14.91%
URA Global X Uranium ETF -14.24%
NLR VanEck Uranium and Nuclear ETF -12.30%
URAN Themes Uranium & Nuclear ETF -11.92%

Analyzing the Weekly Flows

The channel saw a net positive flow of $119M this week. Disruptive Tech, a $54.3B category, led all categories with $653M in new assets. Infrastructure also saw strong inflows of $312M. On the other end, Evolving Consumer experienced the largest outflows at -$593M.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Disruptive Tech 62 $54.3B $653M $3,229M $10,741M $18,702M $20,709M
Infrastructure 40 $39.4B $312M $1,633M $4,394M $7,891M $10,267M
Industrial Revolution 34 $15.6B $159M $580M $2,461M $5,009M $4,992M
Thematic – Multi-Sector 40 $25.7B $125M $322M $1,410M $6,085M $5,451M
Sustainability 28 $6.5B $84M $273M $527M ($11M) ($390M)
Health Innovation 25 $2.1B $8M $53M $12M ($54M) ($224M)
FinTech 24 $6.1B ($2M) ($21M) $183M $338M $579M
Alternative Equity 9 $2.3B ($2M) $46M $209M $706M $878M
Midstream & MLPs 16 $21.0B ($19M) $60M $285M $1,450M $2,059M
Precious Metals 14 $39.2B ($116M) $895M $2,148M ($1,356M) ($1,454M)
Natural Resources 54 $39.4B ($490M) $960M $3,258M $2,550M $2,887M
Evolving Consumer 45 $16.3B ($593M) ($1,009M) ($179M) ($479M) ($1,002M)

Top & Bottom 5 ETFs by 5-Day Flow

The Roundhill Magnificent Seven ETF (MAGS) was the top flow-gatherer, pulling in $187M. The largest outflows came from the SPDR S&P Global Natural Resources ETF (GNR) at -$367M, followed by the First Trust Dow Jones Internet Index Fund (FDN) which shed -$226M.

Ticker Fund Name 5-Day Flow
Inflows
MAGS Roundhill Magnificent Seven ETF $187M
BAI iShares A.I. Innovation and Tech Active ETF $172M
AIQ Global X Artificial Intelligence & Technology E.. $117M
CHAT Roundhill Generative Al & Technology ETF $88M
QTUM Defiance Quantum ETF $57M
Outflows
GNR SPDR S&P Global Natural Resources ETF ($367M)
FDN First Trust Dow Jones Internet Index Fund ($226M)
ITB iShares U.S. Home Construction ETF ($205M)
XME State Street SPDR S&P Metals & Mining ETF ($140M)
SIL Global X Silver Miners ETF ($129M)

Issuer League Table Update

Global X ($47.05B AUM) and iShares ($43.46B AUM) remain the top two issuers by market share. VanEck gathered the most assets this week among top issuers with $139M in inflows, while SPDR saw the largest outflows at -$629M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Global X 35 $47.05B 17.55%
iShares 33 $43.46B 16.21%
First Trust 30 $40.82B 15.23%
VanEck 18 $37.69B 14.06%
ARK 7 $14.50B 5.41%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Roundhill $268M
VanEck $139M
Defiance $68M
Outflows
SPDR ($629M)
Sprott ($45M)
ARK ($29M)

For a deeper dive into these trends, access our FREE, in-depth Thematic ETF reports in the right side panel of this page.

Disclosures

This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.

This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.