iShares U.S. Financial Services ETF Price & Performance (IYG)

During Monday’s steep market selloff, the SPDR S&P 500 ETF Trust (SPY) attracted $5.1 billion in new assets, even as the Dow plunged nearly 1,000 points. Gold ETFs also saw record inflows, with prices topping $3,400 per ounce, reflecting a strong investor shift toward perceived safe havens amid heightened volatility.12

The iShares U.S. Financials ETF (IYF) is trading near $103.07 per unit, but analysts see a 12-month target of $122.76, suggesting a 19% upside. Key holdings like First Hawaiian, Affiliated Managers Group, and SEI Investments are all forecast to outperform, highlighting optimism for the sector despite recent market uncertainty.34

Asset managers have filed over 30 new evergreen funds and more than 70 crypto ETF applications so far this year, capitalizing on a more favorable regulatory environment. Major firms including Bain Capital, Morgan Stanley, and TPG are leading the expansion, signaling robust demand for new investment products despite recent market volatility.56