QQQ Gains $1.7B as Fed Acknowledges Economic Concerns

The Invesco QQQ Trust (QQQ) pulled in $1.7 billion Wednesday, boosting its assets under management to $302 billion, according to data provided by FactSet. The inflows came during a volatile session as markets reacted to the Federal Reserve’s policy decision.

The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) attracted $448.8 million as Fed Chair Jerome Powell acknowledged increasing economic uncertainty. The iShares MSCI Taiwan ETF (EWT) added $408.2 million, an 8% boost to its assets, while the Vanguard Total International Stock ETF (VXUS) gained $377.1 million as international equity flows surged.

On the outflow side, the SPDR S&P 500 ETF Trust (SPY) experienced redemptions of $1.5 billion despite the S&P 500 climbing 0.4% in choppy trading. The iShares Core S&P 500 ETF (IVV) saw outflows of $730.1 million, while the iShares Short Treasury Bond ETF (SHV) lost $483.5 million amid shifting rate expectations.

International equity led all asset classes with inflows of nearly $2 billion, while U.S. equity funds saw outflows of $801.9 million as traders weighed Powell’s comments that tariffs could lead to higher inflation and unemployment. Overall, ETFs gained $1.9 billion in net inflows.

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 exchanges.