ETFs & Funds
Mixed tape in fund proxies as bonds lag
Stock funds hold up better than bond funds, while the risk mood stays uneven.
The equity fund proxies mostly hold up better than the bond funds. VFIAX rises 0.4% to 698.99, VTSAX adds 0.4% to 181.28, and VWELX gains 0.4% to 47.14. FXAIX also rises 0.4% to 263.18.
Bond exposure is softer. VBTLX rises just 0.1% to 9.58, but it remains below its 200-day average. TLT slips 0.0% to 84.21, matching the weaker tone in Treasury bonds.
The ETF lineup tells the same story. SPY falls 0.5% to 750.72, QQQ drops 1.6% to 705.94, DIA slips 0.2% to 524.83, and IWM edges down 0.1% to 295.59.
Across the group, the stronger mixed equity print does not extend to the growth-heavy side. QQQ remains the weakest of the major index ETFs on the day and is also down 5.0% for the month.