ETF Inflows Total Nearly $66B In Jan

Senior ETF Analyst

Feb 01, 2021

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.

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ETF Inflows Total Nearly $66B In Jan

ETF Inflows Total Nearly $66B In Jan

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