SMH Attracts $605M as Strong Jobs Data Lift Markets
- SMH led ETF inflows as the Dow jumped 344 points July 3 on better-than-expected employment.
- VOO and SPLG gained, while SPY and LQD saw outflows.
The VanEck Semiconductor ETF (SMH) pulled in $604.7 million Thursday, bringing its assets under management to $27.1 billion, according to data provided by FactSet. The inflows came as the Dow Jones Industrial Average climbed 344 points after nonfarm payrolls rose by 147,000 in June, beating the 110,000 forecast and pushing the S&P 500 to a record close of 6,279.35.
The Vanguard S&P 500 ETF (VOO) attracted $1.4 billion, while the SPDR Portfolio S&P 500 ETF (SPLG) collected $700.6 million. The Vanguard Total Stock Market ETF (VTI) pulled in $568.1 million, and the iShares Core S&P Total U.S. Stock Market ETF (ITOT) gained nearly $543 million as the Nasdaq-100 rose 1%.
The SPDR S&P 500 ETF Trust (SPY) saw outflows of $3.9 billion, while the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) lost $535.2 million. The iShares 20+ Year Treasury Bond ETF (TLT) experienced outflows of $507.6 million as Treasury yields spiked on the strong jobs data.
U.S. equity ETFs gained $1.6 billion, while U.S. fixed-income ETFs lost $414.7 million. International equity ETFs attracted $1.2 billion. Overall, ETFs gained $3 billion ahead of the July 4 market holiday.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 ETF | 1,382.91 | 688,180.98 | 0.20% |
| SPLG | SPDR Portfolio S&P 500 ETF | 700.63 | 74,507.44 | 0.94% |
| SMH | VanEck Semiconductor ETF | 604.70 | 27,068.50 | 2.23% |
| VTI | Vanguard Total Stock Market ETF | 568.07 | 502,755.87 | 0.11% |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 542.97 | 71,122.28 | 0.76% |
| IWM | iShares Russell 2000 ETF | 397.72 | 66,165.64 | 0.60% |
| QQQM | Invesco NASDAQ 100 ETF | 351.49 | 53,473.45 | 0.66% |
| XLK | Technology Select Sector SPDR Fund | 241.04 | 80,369.90 | 0.30% |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 230.87 | 50,288.47 | 0.46% |
| VTV | Vanguard Value ETF | 219.80 | 140,172.50 | 0.16% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -3,939.69 | 636,482.26 | -0.62% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -535.15 | 29,837.59 | -1.79% |
| TLT | iShares 20+ Year Treasury Bond ETF | -507.62 | 47,628.45 | -1.07% |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | -385.89 | 1,849.22 | -20.87% |
| FXO | First Trust Financials AlphaDEX Fund | -328.78 | 2,171.07 | -15.14% |
| VTWO | Vanguard Russell 2000 ETF | -236.67 | 12,717.75 | -1.86% |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | -211.67 | 14,307.27 | -1.48% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -176.29 | 17,468.93 | -1.01% |
| TQQQ | ProShares UltraPro QQQ | -173.41 | 26,762.65 | -0.65% |
| UPRO | ProShares UltraPro S&P500 | -161.88 | 4,352.38 | -3.72% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 29.79 | 10,154.47 | 0.29% |
| Asset Allocation | -103.93 | 25,111.61 | -0.41% |
| Commodities ETFs | 78.16 | 221,343.24 | 0.04% |
| Currency | 244.41 | 154,067.61 | 0.16% |
| International Equity | 1,207.16 | 1,885,324.94 | 0.06% |
| International Fixed Income | 725.41 | 304,069.78 | 0.24% |
| Inverse | 91.47 | 14,219.32 | 0.64% |
| Leveraged | -521.88 | 142,962.56 | -0.37% |
| US Equity | 1,618.23 | 7,176,191.74 | 0.02% |
| US Fixed Income | -414.72 | 1,701,792.05 | -0.02% |
| Total: | 2,954.08 | 11,635,237.33 | 0.03% |
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.
