ETF Inflows Total Nearly $66B In Jan
Investors added $65.7 billion to U.S.-listed ETFs during January.
After a record 2020, ETF inflows began the new year at a sizzling pace. With the first month in the books, January 2021 saw net inflows of $65.7 billion, outpacing the $51 billion collected during January 2020.
The pace of inflows will surely slow down at some point, but simply extrapolating, inflows are on track for $788 billion, which would top last year's $507.4 billion full-year haul.
Of last month's inflows, international equity ETFs led the charge, with inflows of $36.2 billion. U.S. fixed income ETFs followed suit with inflows of $15.6 billion, while U.S. equity ETFs picked up $7.8 billion of new money.
Int'l Equity ETFs Lead The Pack
As I've written in recent weekly updates, some investors may be piling into international stock ETFs on the belief that they present a much better value than their U.S. counterparts.
Still, the demand for U.S. equities hasn't gone away—not even close. Demand for high-flying growth stocks is especially strong. That demand showed up on the flows charts via the extremely impressive inflows for two ARK products. The ARK Innovation ETF (ARKK) and the ARK Genomic Revolution ETF (ARKG) registered inflows of $3.2 billion and $2.4 billion, respectively, during January.
ARK is now among the 10-largest ETF issuers, with assets under management of $47.5 billion.
Other ETFs to see interest during the month include the Financial Select Sector SPDR Fund (XLF), the iShares Core Total USD Bond Market ETF (IUSB) and the iShares MSCI EAFE Value ETF (EFV).
On the other hand, the SPDR S&P 500 ETF Trust (SPY), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the Invesco QQQ Trust (QQQ) headlined the monthly outflows list, each with redemptions of more than $3.4 billion.
For a full list of January's top inflows and outflows, see the tables below:
Top Gainers (January 2021)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2021 Net Flows($,M) |
XLF | Financial Select Sector SPDR Fund | State Street Global Advisors | 5,240.37 | 29,854.57 | 17.55% | 5,240.37 |
IUSB | iShares Core Total USD Bond Market ETF | Blackrock | 3,659.50 | 9,647.96 | 37.93% | 3,659.50 |
EFV | iShares MSCI EAFE Value ETF | Blackrock | 3,273.04 | 10,481.03 | 31.23% | 3,273.04 |
VTI | Vanguard Total Stock Market ETF | Vanguard | 3,190.15 | 208,151.02 | 1.53% | 3,190.15 |
ARKK | ARK Innovation ETF | ARK | 3,165.59 | 23,096.40 | 13.71% | 3,165.59 |
IEMG | iShares Core MSCI Emerging Markets ETF | Blackrock | 3,155.05 | 74,849.31 | 4.22% | 3,155.05 |
BND | Vanguard Total Bond Market ETF | Vanguard | 2,623.50 | 70,302.36 | 3.73% | 2,623.50 |
ARKG | ARK Genomic Revolution ETF | ARK | 2,416.20 | 10,833.85 | 22.30% | 2,416.20 |
XLE | Energy Select Sector SPDR Fund | State Street Global Advisors | 1,813.44 | 16,381.03 | 11.07% | 1,813.44 |
ICLN | iShares Global Clean Energy ETF | Blackrock | 1,638.56 | 6,678.23 | 24.54% | 1,638.56 |
Top Gainers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | January 2021 Net Flows($,M) |
XLF | Financial Select Sector SPDR Fund | State Street Global Advisors | 5,240.37 | 29,854.57 | 17.55% | 5,240.37 |
IUSB | iShares Core Total USD Bond Market ETF | Blackrock | 3,659.50 | 9,647.96 | 37.93% | 3,659.50 |
EFV | iShares MSCI EAFE Value ETF | Blackrock | 3,273.04 | 10,481.03 | 31.23% | 3,273.04 |
VTI | Vanguard Total Stock Market ETF | Vanguard | 3,190.15 | 208,151.02 | 1.53% | 3,190.15 |
ARKK | ARK Innovation ETF | ARK | 3,165.59 | 23,096.40 | 13.71% | 3,165.59 |
IEMG | iShares Core MSCI Emerging Markets ETF | Blackrock | 3,155.05 | 74,849.31 | 4.22% | 3,155.05 |
BND | Vanguard Total Bond Market ETF | Vanguard | 2,623.50 | 70,302.36 | 3.73% | 2,623.50 |
ARKG | ARK Genomic Revolution ETF | ARK | 2,416.20 | 10,833.85 | 22.30% | 2,416.20 |
XLE | Energy Select Sector SPDR Fund | State Street Global Advisors | 1,813.44 | 16,381.03 | 11.07% | 1,813.44 |
ICLN | iShares Global Clean Energy ETF | Blackrock | 1,638.56 | 6,678.23 | 24.54% | 1,638.56 |
Biggest Losers (January 2021)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2021 Net Flows($,M) |
SPY | SPDR S&P 500 ETF Trust | State Street Global Advisors | -9,497.14 | 322,648.11 | -2.94% | -9,497.14 |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | Blackrock | -4,207.21 | 21,596.07 | -19.48% | -4,207.21 |
QQQ | Invesco QQQ Trust | Invesco | -3,481.51 | 152,046.80 | -2.29% | -3,481.51 |
USMV | iShares MSCI USA Min Vol Factor ETF | Blackrock | -2,788.83 | 30,209.60 | -9.23% | -2,788.83 |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | Blackrock | -2,380.37 | 52,112.71 | -4.57% | -2,380.37 |
IVV | iShares Core S&P 500 ETF | Blackrock | -2,309.23 | 238,741.93 | -0.97% | -2,309.23 |
IYR | iShares U.S. Real Estate ETF | Blackrock | -1,584.17 | 3,858.00 | -41.06% | -1,584.17 |
QUAL | iShares MSCI USA Quality Factor ETF | Blackrock | -1,455.18 | 20,038.32 | -7.26% | -1,455.18 |
SHV | iShares Short Treasury Bond ETF | Blackrock | -1,378.14 | 16,453.87 | -8.38% | -1,378.14 |
TLT | iShares 20+ Year Treasury Bond ETF | Blackrock | -1,216.09 | 17,141.41 | -7.09% | -1,216.09 |
Biggest Losers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | January 2021 Net Flows($,M) |
SPY | SPDR S&P 500 ETF Trust | State Street Global Advisors | -9,497.14 | 322,648.11 | -2.94% | -9,497.14 |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | Blackrock | -4,207.21 | 21,596.07 | -19.48% | -4,207.21 |
QQQ | Invesco QQQ Trust | Invesco | -3,481.51 | 152,046.80 | -2.29% | -3,481.51 |
USMV | iShares MSCI USA Min Vol Factor ETF | Blackrock | -2,788.83 | 30,209.60 | -9.23% | -2,788.83 |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | Blackrock | -2,380.37 | 52,112.71 | -4.57% | -2,380.37 |
IVV | iShares Core S&P 500 ETF | Blackrock | -2,309.23 | 238,741.93 | -0.97% | -2,309.23 |
IYR | iShares U.S. Real Estate ETF | Blackrock | -1,584.17 | 3,858.00 | -41.06% | -1,584.17 |
QUAL | iShares MSCI USA Quality Factor ETF | Blackrock | -1,455.18 | 20,038.32 | -7.26% | -1,455.18 |
SHV | iShares Short Treasury Bond ETF | Blackrock | -1,378.14 | 16,453.87 | -8.38% | -1,378.14 |
TLT | iShares 20+ Year Treasury Bond ETF | Blackrock | -1,216.09 | 17,141.41 | -7.09% | -1,216.09 |
Asset Classes (January 2021)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 7,773.98 | 3,164,691.35 | 0.25% |
International Equity | 36,160.12 | 1,120,966.24 | 3.23% |
U.S. Fixed Income | 15,557.76 | 982,081.47 | 1.58% |
International Fixed Income | 4,178.58 | 127,290.48 | 3.28% |
Commodities | 838.35 | 142,769.71 | 0.59% |
Currency | 83.31 | 1,994.25 | 4.18% |
Leveraged | -1,098.24 | 47,228.94 | -2.33% |
Inverse | 1,380.60 | 11,629.82 | 11.87% |
Asset Allocation | 371.87 | 13,762.60 | 2.70% |
Alternatives | 439.74 | 6,074.55 | 7.24% |
Total: | 65,686.07 | 5,618,489.41 | 1.17% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 7,773.98 | 3,164,691.35 | 0.25% |
International Equity | 36,160.12 | 1,120,966.24 | 3.23% |
U.S. Fixed Income | 15,557.76 | 982,081.47 | 1.58% |
International Fixed Income | 4,178.58 | 127,290.48 | 3.28% |
Commodities | 838.35 | 142,769.71 | 0.59% |
Currency | 83.31 | 1,994.25 | 4.18% |
Leveraged | -1,098.24 | 47,228.94 | -2.33% |
Inverse | 1,380.60 | 11,629.82 | 11.87% |
Asset Allocation | 371.87 | 13,762.60 | 2.70% |
Alternatives | 439.74 | 6,074.55 | 7.24% |
Total: | 65,686.07 | 5,618,489.41 | 1.17% |
January 2021 ETF Issuer League Table
Issuer | Net Flows ($,M) | AUM ($,M) | % of AUM | YTD 2021 Net Flows($,M) |
Blackrock | 5,063.94 | 2,057,518.87 | 0.25% | 5,063.94 |
Vanguard | 26,120.75 | 1,553,231.18 | 1.68% | 26,120.75 |
State Street Global Advisors | 3,490.09 | 856,848.93 | 0.41% | 3,490.09 |
Invesco | 1,297.54 | 303,006.08 | 0.43% | 1,297.54 |
Charles Schwab | 3,387.39 | 205,403.02 | 1.65% | 3,387.39 |
First Trust | 2,377.04 | 115,073.86 | 2.07% | 2,377.04 |
VanEck | 1,125.82 | 54,005.43 | 2.08% | 1,125.82 |
ProShares | 680.95 | 49,346.37 | 1.38% | 680.95 |
JPMorgan Chase | 3,890.24 | 49,267.77 | 7.90% | 3,890.24 |
ARK | 8,273.12 | 46,793.99 | 17.68% | 8,273.12 |
WisdomTree | 395.89 | 39,594.53 | 1.00% | 395.89 |
PIMCO | 488.37 | 26,424.47 | 1.85% | 488.37 |
Mirae Asset | 3,270.11 | 24,675.86 | 13.25% | 3,270.11 |
Fidelity | 390.62 | 24,494.76 | 1.59% | 390.62 |
Goldman Sachs | 165.06 | 22,376.22 | 0.74% | 165.06 |
Deutsche Bank | 323.21 | 20,811.00 | 1.55% | 323.21 |
Direxion | -126.44 | 19,371.74 | -0.65% | -126.44 |
Northern Trust | 155.42 | 14,725.22 | 1.06% | 155.42 |
Franklin Templeton | 74.89 | 8,837.82 | 0.85% | 74.89 |
SS&C | 38.63 | 7,922.37 | 0.49% | 38.63 |
CICC | 626.89 | 7,345.89 | 8.53% | 626.89 |
Aberdeen Standard Investments | 202.72 | 6,513.66 | 3.11% | 202.72 |
ETFMG | 332.82 | 6,348.80 | 5.24% | 332.82 |
Exchange Traded Concepts | 358.91 | 6,191.83 | 5.80% | 358.91 |
Pacer Advisors | -89.29 | 5,778.80 | -1.55% | -89.29 |
Victory Capital | 90.79 | 5,773.58 | 1.57% | 90.79 |
John Hancock | 0.93 | 5,119.27 | 0.02% | 0.93 |
US Commodity Funds | -655.28 | 4,516.46 | -14.51% | -655.28 |
Innovator | 195.11 | 4,274.21 | 4.56% | 195.11 |
Janus Henderson | 209.54 | 4,148.98 | 5.05% | 209.54 |
New York Life | 193.78 | 4,090.10 | 4.74% | 193.78 |
American Century Investments | 144.13 | 4,057.87 | 3.55% | 144.13 |
Principal | 43.10 | 3,966.18 | 1.09% | 43.10 |
The Hartford | 87.37 | 3,816.64 | 2.29% | 87.37 |
Amplify Investments | 362.61 | 3,680.46 | 9.85% | 362.61 |
Nuveen Securities | 499.10 | 3,180.76 | 15.69% | 499.10 |
US Global Investors | 72.75 | 3,051.91 | 2.38% | 72.75 |
Barclays Capital Inc. | 253.93 | 2,833.36 | 8.96% | 253.93 |
BMO | 28.33 | 2,201.91 | 1.29% | 28.33 |
Toroso Investments | 231.07 | 1,777.76 | 13.00% | 231.07 |
AdvisorShares | 452.13 | 1,582.42 | 28.57% | 452.13 |
O’Shares Investments | 28.30 | 1,535.50 | 1.84% | 28.30 |
Columbia Management Investment Advisers, LLC | 96.50 | 1,377.59 | 7.00% | 96.50 |
Vident | -2.32 | 1,369.64 | -0.17% | -2.32 |
GraniteShares | 44.21 | 1,360.19 | 3.25% | 44.21 |
Prudential | -15.39 | 1,332.80 | -1.15% | -15.39 |
Defiance ETFs | 150.00 | 1,202.49 | 12.47% | 150.00 |
Davis Advisers | 22.97 | 1,131.93 | 2.03% | 22.97 |
Aptus Capital Advisors | 77.67 | 1,062.23 | 7.31% | 77.67 |
Renaissance Capital | 113.92 | 929.70 | 12.25% | 113.92 |
UBS | -13.86 | 926.50 | -1.50% | -13.86 |
Cambria | 29.03 | 894.73 | 3.24% | 29.03 |
Virtus Investment Partners | -13.47 | 840.21 | -1.60% | -13.47 |
EMPIRICAL FINANCE LLC | 130.24 | 834.67 | 15.60% | 130.24 |
Transamerica Funds | -21.23 | 743.31 | -2.86% | -21.23 |
Credit Suisse Group AG | 20.92 | 698.20 | 3.00% | 20.92 |
Inspire | -3.15 | 693.07 | -0.45% | -3.15 |
Main Management | 1.85 | 671.65 | 0.28% | 1.85 |
The Motley Fool | 20.13 | 586.24 | 3.43% | 20.13 |
BNY Mellon | 47.36 | 552.57 | 8.57% | 47.36 |
Nationwide | 34.12 | 537.47 | 6.35% | 34.12 |
Merk | 7.10 | 440.09 | 1.61% | 7.10 |
Roundhill Investments | 106.46 | 413.18 | 25.77% | 106.46 |
Timothy Plan | -1.33 | 392.39 | -0.34% | -1.33 |
Al Marketing LLC | -1.84 | 376.65 | -0.49% | -1.84 |
Tortoise | -42.08 | 374.05 | -11.25% | -42.08 |
Sprott, Inc. | 13.59 | 369.88 | 3.67% | 13.59 |
TrimTabs | -1.66 | 366.51 | -0.45% | -1.66 |
Teucrium | 5.05 | 332.13 | 1.52% | 5.05 |
WBI | -9.90 | 315.08 | -3.14% | -9.90 |
SRN Advisors | 17.72 | 300.40 | 5.90% | 17.72 |
Liquid Strategies | 4.43 | 297.14 | 1.49% | 4.43 |
Strategy Shares | 76.10 | 296.00 | 25.71% | 76.10 |
Howard Capital Management | -0.36 | 291.10 | -0.12% | -0.36 |
Redwood Investment Management | -131.97 | 285.40 | -46.24% | -131.97 |
ClearShares LLC | 0.00 | 274.82 | 0.00% | 0.00 |
Regents Park Funds | 15.35 | 273.53 | 5.61% | 15.35 |
Distillate Capital | 44.83 | 265.76 | 16.87% | 44.83 |
Tuttle Tactical Management, LLC | 90.60 | 243.96 | 37.14% | 90.60 |
Swedish Export Credit | -31.62 | 212.07 | -14.91% | -31.62 |
EntrepreneurShares, LLC | -2.91 | 195.21 | -1.49% | -2.91 |
T. Rowe Price Group, Inc. | 24.48 | 175.12 | 13.98% | 24.48 |
Intangible Capital | 0.00 | 174.92 | 0.00% | 0.00 |
OBP Capital LLC | 26.13 | 170.63 | 15.32% | 26.13 |
Core Alternative Capital | 14.02 | 151.43 | 9.26% | 14.02 |
AGF | 1.89 | 146.60 | 1.29% | 1.89 |
Donald L. Hagan LLC | 3.70 | 142.98 | 2.59% | 3.70 |
Simplify Asset Management Inc. | 13.70 | 124.77 | 10.98% | 13.70 |
Arrow Funds | 0.00 | 106.69 | 0.00% | 0.00 |
Gadsden | 2.86 | 101.96 | 2.81% | 2.86 |
Little Harbor Advisors | 35.95 | 92.50 | 38.87% | 35.95 |
Cboe Vest Financial LLC | 0.00 | 86.98 | 0.00% | 0.00 |
ProcureAM | 39.19 | 86.76 | 45.17% | 39.19 |
TrueMark Investments | 12.11 | 82.99 | 14.59% | 12.11 |
Exponential ETFs | -3.72 | 81.10 | -4.59% | -3.72 |
Wahed Invest LLC | 8.74 | 78.22 | 11.17% | 8.74 |
Emles Advisors LLC | 0.55 | 67.33 | 0.82% | 0.55 |
CornerCap Investment Counsel, Inc. | 5.27 | 66.14 | 7.97% | 5.27 |
Syntax Advisors | -0.30 | 64.92 | -0.45% | -0.30 |
Pacific Life | 0.00 | 57.24 | 0.00% | 0.00 |
Metaurus Advisors | 0.51 | 55.10 | 0.93% | 0.51 |
Pettee Investors | 12.04 | 54.20 | 22.21% | 12.04 |
Natixis | 0.88 | 50.87 | 1.73% | 0.88 |
Highland Capital Management | -3.31 | 50.12 | -6.61% | -3.31 |
iM Global Partner | -6.26 | 49.89 | -12.55% | -6.26 |
Premise Capital | -1.50 | 48.56 | -3.09% | -1.50 |
Toews Corp. | -1.35 | 47.56 | -2.83% | -1.35 |
Advisors Asset Management | 2.77 | 46.83 | 5.92% | 2.77 |
Esoterica | 20.17 | 41.46 | 48.65% | 20.17 |
Impact Shares | 3.57 | 39.55 | 9.02% | 3.57 |
Beyond Investing | 1.76 | 38.34 | 4.58% | 1.76 |
Absolute Investment Advisers LLC | 0.64 | 38.30 | 1.66% | 0.64 |
Change Finance | 2.91 | 35.95 | 8.10% | 2.91 |
RBS Securities | 28.31 | 32.02 | 88.43% | 28.31 |
ETF Series Solutions | 1.21 | 25.65 | 4.71% | 1.21 |
AlphaMark Advisors | 0.00 | 24.88 | 0.00% | 0.00 |
Truist | 1.31 | 21.21 | 6.17% | 1.31 |
Neil Azous Revocable Trust | 0.00 | 19.51 | 0.00% | 0.00 |
The Leuthold Group LLC | 0.70 | 13.60 | 5.17% | 0.70 |
Guinness Atkinson Asset Management | 4.95 | 13.27 | 37.27% | 4.95 |
Counterpoint Mutual Funds LLC | -0.60 | 12.02 | -5.01% | -0.60 |
Alternative Access Funds LLC | 0.00 | 10.04 | 0.00% | 0.00 |
Point Bridge Capital | 0.00 | 9.80 | 0.00% | 0.00 |
Changebridge Capital LLC | 4.02 | 9.49 | 42.37% | 4.02 |
EquBot | 1.61 | 7.93 | 20.36% | 1.61 |
Water Island Capital Partners LP | 0.00 | 6.40 | 0.00% | 0.00 |
2nd Vote Value Investments, Inc | 0.00 | 5.39 | 0.00% | 0.00 |
Global Beta Advisors | -4.09 | 3.58 | -114.28% | -4.09 |
Inverdale Capital Management LLC | 0.00 | 3.57 | 0.00% | 0.00 |
Grace Partners of Dupage LP | 0.00 | 3.11 | 0.00% | 0.00 |
Whitford Asset Management | 0.00 | 2.85 | 0.00% | 0.00 |
New Age Alpha Advisors LLC | 1.26 | 2.65 | 47.69% | 1.26 |
Gotham Asset Management Holdings | 0.51 | 2.53 | 20.03% | 0.51 |
Reflection Asset Management, LLC | 0.00 | 2.29 | -0.01% | 0.00 |
Swan Global Investments | 0.00 | 0.00 | 0.00% | 0.00 |
MCCM Group LLC | 0.00 | 0.00 | 0.00% | 0.00 |
Rayliant Investment Research | 0.00 | 0.00 | 0.00% | 0.00 |
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.