##  [# VGSH Topped December Flows as Rates Stay High](/sections/monthly-etf-flows/vgsh-topped-december-flows-rates-stay-high) 

 

# VGSH Topped December Flows as Rates Stay High

 

 

Small cap fund IWM and core S&P ETF IVV each pulled in more than $1 bln.



 

 

 

 

 [![LucyBrewster310x310](/sites/default/files/styles/author_image_icon/public/2023-08/LucyBrewster310x310.png?itok=bb7T__Ih)](/authors/lucy-brewster) 

[By Lucy Brewster](/authors/lucy-brewster)

 Jan 05, 2024

 Edited by: ETF.com Staff

 

 

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With an improving stock market driving record inflows in the second half of 2023, assets in ETFs ballooned to nearly $8 trillion by the end of the year.

The $22 billion [**Vanguard Short-Term Treasury Index Fund (VGSH)**](https://etf.com/VGSh) came in first for inflows in December, accumulating $1.3 billion and rising 6.41% on the heels of the Federal Reserve declining to raise interest rates in November. In fact, fixed income reigned in terms of inflows in December. The month saw $24.1 billion into fixed income funds, bringing the 2023 total inflows to $210 billion, the second highest ever for bond ETFs in one year, according to State Street’s industry data.

The [**iShares Russel 2000 (IWM),**](https://etf.com/IWM) which offers investors exposure to market weighted small cap stocks, saw $1.3 billion in inflows over December as the fund’s assets under management rose only 2% over the month.

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## Top 10 Creations (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change&lt;[VGSH](https://www.etf.com/VGSH)[Vanguard Short-Term Treasury Index Fund](https://www.etf.com/VGSH)1,429.3522,293.816.41%[IWM](https://www.etf.com/IWM)[iShares Russell 2000 ETF](https://www.etf.com/IWM)1,320.3367,849.721.95%[IVV](https://www.etf.com/IVV)[iShares Core S&amp;P 500 ETF](https://www.etf.com/IVV)1,195.68399,874.520.30%[VTI](https://www.etf.com/VTI)[Vanguard Total Stock Market ETF](https://www.etf.com/VTI)995.75347,957.330.29%[QQQ](https://www.etf.com/QQQ)[Invesco QQQ Trust](https://www.etf.com/QQQ)657.02230,067.860.29%[XLP](https://www.etf.com/XLP)[Consumer Staples Select Sector SPDR Fund](https://www.etf.com/XLP)543.7115,179.703.58%[TLT](https://www.etf.com/TLT)[iShares 20+ Year Treasury Bond ETF](https://www.etf.com/TLT)531.6651,626.561.03%[BNDX](https://www.etf.com/BNDX)[Vanguard Total International Bond ETF](https://www.etf.com/BNDX)453.7354,480.440.83%[BND](https://www.etf.com/BND)[Vanguard Total Bond Market ETF](https://www.etf.com/BND)360.82104,802.620.34%[IGSB](https://www.etf.com/IGSB)[iShares 1-5 Year Investment Grade Corporate Bond ETF](https://www.etf.com/IGSB)335.5121,458.971.56%## **Top 10 Redemptions (All ETFs)**

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change[SPY](https://www.etf.com/SPY)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/SPY)-1,660.42493,539.33-0.34%[SQQQ](https://www.etf.com/SQQQ)[ProShares UltraPro Short QQQ](https://www.etf.com/SQQQ)-382.123,270.86-11.68%[XLB](https://www.etf.com/XLB)[Materials Select Sector SPDR Fund](https://www.etf.com/XLB)-286.285,070.06-5.65%[USCL](https://www.etf.com/USCL)[iShares Climate Conscious &amp; Transition MSCI USA ETF](https://www.etf.com/USCL)-275.371,808.93-15.22%[XLI](https://www.etf.com/XLI)[Industrial Select Sector SPDR Fund](https://www.etf.com/XLI)-273.5315,335.70-1.78%[DIA](https://www.etf.com/DIA)[SPDR Dow Jones Industrial Average ETF Trust](https://www.etf.com/DIA)-262.3832,457.18-0.81%[USCA](https://www.etf.com/USCA)[Xtrackers MSCI USA Climate Action Equity ETF](https://www.etf.com/USCA)-260.431,866.76-13.95%[IWB](https://www.etf.com/IWB)[iShares Russell 1000 ETF](https://www.etf.com/IWB)-249.2032,376.76-0.77%[SH](https://www.etf.com/SH)[ProShares Short S&amp;P500](https://www.etf.com/SH)-200.161,261.25-15.87%[BIL](https://www.etf.com/BIL)[SPDR Bloomberg 1-3 Month T-Bill ETF](https://www.etf.com/BIL)-191.7633,354.20-0.57%## **ETF Weekly Flows By Asset Class**

 Net Flows ($, mm)AUM ($, mm)% of AUMAlternatives-62.596,587.45-0.95%Asset Allocation41.4116,851.830.25%Commodities-66.50131,706.55-0.05%Currency23.273,553.130.65%International Equity1,218.601,375,048.210.09%International Fixed Income886.37169,651.870.52%Inverse-1,637.6713,973.85-11.72%Leveraged1,516.0985,397.061.78%U.S. Equity5,660.764,984,400.130.11%U.S. Fixed Income4,838.761,357,733.270.36%**Total:****12,418.51****8,144,903.35****0.15%**## **Asset Classes (Year-to-Date)**

 Net Flows ($, mm)AUM ($, mm)% of AUMAlternatives-107.486,587.45-1.63%Asset Allocation-1,763.1516,851.83-10.46%Commodities-9,108.59131,706.55-6.92%Currency-834.003,553.13-23.47%International Equity82,240.901,375,048.215.98%International Fixed Income30,109.89169,651.8717.75%Inverse3,094.9813,973.8522.15%Leveraged2,576.0485,397.063.02%U.S. Equity306,651.124,984,400.136.15%U.S. Fixed Income175,383.581,357,733.2712.92%**Total:****588,243.29****8,144,903.35****7.22%**## **Top 10 Volume Surprises, Funds &gt;$50 mm AUM**

TickerNameAverage Volume   
(30 Day)1 Week Average   
Volume% of Average[GFEB](https://www.etf.com/GFEB)[FT Cboe Vest U.S. Equity Moderate Buffer ETF - February](https://www.etf.com/GFEB)[55,841](/topics/ishares-etfs)1,119,320.002,004.48%%[QMAR](https://www.etf.com/QMAR)[FT Cboe Vest Nasdaq-100 Buffer ETF - March](https://www.etf.com/QMAR)[65,800](/topics/ishares-etfs)1,186,112.001,802.61%%[CIL](https://www.etf.com/CIL)[VictoryShares International Volatility Wtd ETF](https://www.etf.com/CIL)[3,432](/topics/ishares-etfs)57,334.001,670.78%%[KAPR](https://www.etf.com/KAPR)[Innovator U.S. Small Cap Power Buffer ETF - April](https://www.etf.com/KAPR)[55,324](/topics/ishares-etfs)596,180.001,077.61%%[SVAL](https://www.etf.com/SVAL)[iShares U.S. Small Cap Value Factor ETF](https://www.etf.com/SVAL)[18,062](/topics/ishares-etfs)192,368.001,065.03%%[KJAN](https://www.etf.com/KJAN)[Innovator U.S. Small Cap Power Buffer ETF - January](https://www.etf.com/KJAN)[78,184](/topics/ishares-etfs)800,232.001,023.52%%[FLSP](https://www.etf.com/FLSP)[Franklin Systematic Style Premia ETF](https://www.etf.com/FLSP)[64,006](/topics/ishares-etfs)640,307.001,000.39%%[SCJ](https://www.etf.com/SCJ)[iShares MSCI Japan Small-Cap ETF](https://www.etf.com/SCJ)[16,222](/topics/ishares-etfs)158,760.00978.69%%[FTXO](https://www.etf.com/FTXO)[First Trust Nasdaq Bank ETF](https://www.etf.com/FTXO)[64,597](/topics/ishares-etfs)585,282.00906.06%%[FEMB](https://www.etf.com/FEMB)[First Trust Emerging Markets Local Currency Bond ETF](https://www.etf.com/FEMB)[79,305](/topics/ishares-etfs)700,089.00882.78%%## **Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and &lt;1,000 Shares Traded**

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)[BDRY](https://www.etf.com/BDRY)[Breakwave Dry Bulk Shipping ETF](https://www.etf.com/BDRY)7.18%589,67061.11%[RAYS](https://www.etf.com/RAYS)[Global X Solar ETF](https://www.etf.com/RAYS)4.61%11,3457.12%[CNXT](https://www.etf.com/CNXT)[VanEck ChiNext ETF](https://www.etf.com/CNXT)4.39%69,20817.22%[KGRN](https://www.etf.com/KGRN)[KraneShares MSCI China Clean Technology Index ETF](https://www.etf.com/KGRN)4.36%34,01866.91%[CANE](https://www.etf.com/CANE)[Teucrium Sugar Fund](https://www.etf.com/CANE)4.28%131,89117.73%[UNG](https://www.etf.com/UNG)[United States Natural Gas Fund LP](https://www.etf.com/UNG)3.84%41,306,751973.83%[KBUY](https://www.etf.com/KBUY)[KraneShares CICC China Consumer Leaders Index ETF](https://www.etf.com/KBUY)3.80%6,2804.38%[KBA](https://www.etf.com/KBA)[KraneShares Bosera MSCI China A 50 Connect Index ETF](https://www.etf.com/KBA)3.30%244,857280.23%[KFVG](https://www.etf.com/KFVG)[KraneShares CICC China 5G &amp; Semiconductor Index ETF](https://www.etf.com/KFVG)3.16%6,57011.18%[MCH](https://www.etf.com/MCH)[Matthews China Active ETF](https://www.etf.com/MCH)3.11%160,59721.66%## **Top 10 YTD Performers**

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)[WGMI](https://www.etf.com/WGMI)[Valkyrie Bitcoin Miners ETF](https://www.etf.com/WGMI)304.07%-5.75%73.31%[DAPP](https://www.etf.com/DAPP)[VanEck Digital Transformation ETF](https://www.etf.com/DAPP)285.02%-4.84%95.13%[SATO](https://www.etf.com/SATO)[Invesco Alerian Galaxy Crypto Economy ETF](https://www.etf.com/SATO)266.36%-4.48%8.44%[BITQ](https://www.etf.com/BITQ)[Bitwise Crypto Industry Innovators ETF](https://www.etf.com/BITQ)246.77%-4.06%143.36%[BITS](https://www.etf.com/BITS)[Global X Blockchain and Bitcoin Strategy ETF](https://www.etf.com/BITS)214.01%-15.19%25.38%[IBLC](https://www.etf.com/IBLC)[iShares Blockchain and Tech ETF](https://www.etf.com/IBLC)201.57%-4.64%19.02%[CRPT](https://www.etf.com/CRPT)[First Trust SkyBridge Crypto Industry and Digital Economy ETF](https://www.etf.com/CRPT)193.86%-4.31%35.81%[FDIG](https://www.etf.com/FDIG)[Fidelity Crypto Industry and Digital Payments ETF](https://www.etf.com/FDIG)166.00%-3.59%80.84%[BITO](https://www.etf.com/BITO)[ProShares Bitcoin Strategy ETF](https://www.etf.com/BITO)137.33%-2.30%1,700.13%[GFOF](https://www.etf.com/GFOF)[Grayscale Future of Finance ETF](https://www.etf.com/GFOF)136.23%-7.39%7.19%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.





 

 

 [ Lucy Brewster Finance Reporter ](/authors/lucy-brewster) 

 

 

  Lucy Brewster is a finance reporter at etf.com covering asset managers, emerging technologies, and regulation. She hosts etf.com webinars and appears…   [View Bio](/authors/lucy-brewster)

 



 

 


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