ETF Investors Shrug Off Friday's Selloff, Pour In $41 Billion
YTD inflows are up to $860 billion.
Investors put $41 billion to work in US-listed ETFs during the week ending Friday, June 5, pushing year-to-date inflows up to almost $860 billion.
Of last week's haul, $14.7 billion went into US equity ETFs, $12.1 billion into US fixed income ETFs, $8.5 billion into international equity ETFs, and $2.8 billion into international fixed income ETFs. Currency ETFs shed $1.8 billion and commodities ETFs lost $1.4 billion.
Markets got hit hard late in the week. The S&P 500 fell 2.6% on Friday while the Nasdaq-100 dropped 4.8% as investors took profits on high-flying semiconductor stocks. But that didn't faze ETF investors, who kept pouring money into the space.
The Roundhill Memory ETF (DRAM) saw another $2.5 billion of inflows last week, and even after the Friday pullback it now holds almost $17 billion in assets.
The iShares Systematic Alternatives Active ETF (IALT) picked up $3.7 billion in what looks like a model portfolio change or something similar. The long/short multi-asset fund takes positions in stocks, bonds, commodities, and other asset classes based on quant models.
On the fixed income side, the biggest winners included the iShares Global Government Bond USD Hedged Active ETF (GGOV), which invests in government bonds from around the world while hedging out the currency exposure. It pulled in $2.5 billion—pretty much all of its assets—so once again this looks like a model portfolio tweak or one big investor coming in and allocating.
The iShares Core Total USD Bond Market ETF (IUSB) picked up just under $2 billion. It holds a slightly broader basket of bonds than the Vanguard Total Bond Market ETF (BND) and the iShares Core U.S. Aggregate Bond ETF (AGG).
On the outflows side, the iShares MSCI EAFE Value ETF (EFV), the iShares 20+ Year Treasury Bond ETF (TLT), the Direxion Daily Semiconductor Bull 3X Shares (SOXL), and the SPDR Gold Shares (GLD) topped the list of flow losers.
For the full list of top inflows and outflows from last week, see the tables below.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| VOO | Vanguard S&P 500 ETF | 9,605.75 | 1,000,589.08 | 0.96 |
| SPY | SPDR S&P 500 ETF Trust | 5,316.64 | 789,794.60 | 0.67 |
| IALT | iShares Systematic Alternatives Active ETF | 3,667.51 | 4,292.54 | 85.44 |
| VTI | Vanguard Total Stock Market ETF | 2,578.10 | 664,859.95 | 0.39 |
| DRAM | Roundhill Memory ETF | 2,543.40 | 16,943.05 | 15.01 |
| GGOV | iShares Global Government Bond USD Hedged Active ETF | 2,474.98 | 2,513.87 | 98.45 |
| IUSB | iShares Core Total USD Bond Market ETF | 1,977.53 | 41,569.21 | 4.76 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 1,929.26 | 93,600.17 | 2.06 |
| QQQM | Invesco NASDAQ 100 ETF | 1,139.67 | 98,303.42 | 1.16 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| EFV | iShares MSCI EAFE Value ETF | -3,800.22 | 26,134.32 | -14.54 |
| IAGG | iShares Core International Aggregate Bond ETF | -2,255.93 | 11,197.22 | -20.15 |
| TLT | iShares 20+ Year Treasury Bond ETF | -2,036.02 | 40,749.10 | -5.00 |
| VLUE | iShares MSCI USA Value Factor ETF | -1,502.72 | 14,517.56 | -10.35 |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | -1,491.05 | 28,975.25 | -5.15 |
| VGT | Vanguard Information Technology ETF | -1,363.85 | 149,715.11 | -0.91 |
| GLD | SPDR Gold Shares | -1,276.24 | 147,456.80 | -0.87 |
| QUAL | iShares MSCI USA Quality Factor ETF | -1,240.49 | 46,249.37 | -2.68 |
| IBIT | iShares Bitcoin Trust ETF | -1,191.81 | 49,355.28 | -2.41 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 4,935.70 | 138,441.07 | 3.57% |
| Asset Allocation | 377.28 | 41,491.46 | 0.91% |
| Commodities E T Fs | -1,429.00 | 351,191.83 | -0.41% |
| Currency | -1,788.84 | 99,565.41 | -1.80% |
| International Equity | 8,472.66 | 2,863,227.83 | 0.30% |
| International Fixed Income | 2,767.30 | 426,298.39 | 0.65% |
| Inverse | -137.38 | 14,438.12 | -0.95% |
| Leveraged | 1,181.88 | 213,654.02 | 0.55% |
| Us Equity | 14,713.24 | 9,517,867.73 | 0.15% |
| Us Fixed Income | 12,148.55 | 2,104,936.18 | 0.58% |
| Total: | 41,241.38 | 15,771,112.02 | 0.26% |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
