ETF Inflows Total Nearly $66B In Jan

Investors added $65.7 billion to U.S.-listed ETFs during January. 

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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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)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2021 Net Flows($,M)
XLFFinancial Select Sector SPDR FundState Street Global Advisors5,240.3729,854.5717.55%5,240.37
IUSBiShares Core Total USD Bond Market ETFBlackrock3,659.509,647.9637.93%3,659.50
EFViShares MSCI EAFE Value ETFBlackrock3,273.0410,481.0331.23%3,273.04
VTIVanguard Total Stock Market ETFVanguard3,190.15208,151.021.53%3,190.15
ARKKARK Innovation ETFARK3,165.5923,096.4013.71%3,165.59
IEMGiShares Core MSCI Emerging Markets ETFBlackrock3,155.0574,849.314.22%3,155.05
BNDVanguard Total Bond Market ETFVanguard2,623.5070,302.363.73%2,623.50
ARKGARK Genomic Revolution ETFARK2,416.2010,833.8522.30%2,416.20
XLEEnergy Select Sector SPDR FundState Street Global Advisors1,813.4416,381.0311.07%1,813.44
ICLNiShares Global Clean Energy ETFBlackrock1,638.566,678.2324.54%1,638.56

 

Top Gainers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMJanuary 2021 Net Flows($,M)
XLFFinancial Select Sector SPDR FundState Street Global Advisors5,240.3729,854.5717.55%5,240.37
IUSBiShares Core Total USD Bond Market ETFBlackrock3,659.509,647.9637.93%3,659.50
EFViShares MSCI EAFE Value ETFBlackrock3,273.0410,481.0331.23%3,273.04
VTIVanguard Total Stock Market ETFVanguard3,190.15208,151.021.53%3,190.15
ARKKARK Innovation ETFARK3,165.5923,096.4013.71%3,165.59
IEMGiShares Core MSCI Emerging Markets ETFBlackrock3,155.0574,849.314.22%3,155.05
BNDVanguard Total Bond Market ETFVanguard2,623.5070,302.363.73%2,623.50
ARKGARK Genomic Revolution ETFARK2,416.2010,833.8522.30%2,416.20
XLEEnergy Select Sector SPDR FundState Street Global Advisors1,813.4416,381.0311.07%1,813.44
ICLNiShares Global Clean Energy ETFBlackrock1,638.566,678.2324.54%1,638.56

 

Biggest Losers (January 2021)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2021 Net Flows($,M)
SPYSPDR S&P 500 ETF TrustState Street Global Advisors-9,497.14322,648.11-2.94%-9,497.14
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-4,207.2121,596.07-19.48%-4,207.21
QQQInvesco QQQ TrustInvesco-3,481.51152,046.80-2.29%-3,481.51
USMViShares MSCI USA Min Vol Factor ETFBlackrock-2,788.8330,209.60-9.23%-2,788.83
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-2,380.3752,112.71-4.57%-2,380.37
IVViShares Core S&P 500 ETFBlackrock-2,309.23238,741.93-0.97%-2,309.23
IYRiShares U.S. Real Estate ETFBlackrock-1,584.173,858.00-41.06%-1,584.17
QUALiShares MSCI USA Quality Factor ETFBlackrock-1,455.1820,038.32-7.26%-1,455.18
SHViShares Short Treasury Bond ETFBlackrock-1,378.1416,453.87-8.38%-1,378.14
TLTiShares 20+ Year Treasury Bond ETFBlackrock-1,216.0917,141.41-7.09%-1,216.09

 

Biggest Losers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMJanuary 2021 Net Flows($,M)
SPYSPDR S&P 500 ETF TrustState Street Global Advisors-9,497.14322,648.11-2.94%-9,497.14
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-4,207.2121,596.07-19.48%-4,207.21
QQQInvesco QQQ TrustInvesco-3,481.51152,046.80-2.29%-3,481.51
USMViShares MSCI USA Min Vol Factor ETFBlackrock-2,788.8330,209.60-9.23%-2,788.83
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-2,380.3752,112.71-4.57%-2,380.37
IVViShares Core S&P 500 ETFBlackrock-2,309.23238,741.93-0.97%-2,309.23
IYRiShares U.S. Real Estate ETFBlackrock-1,584.173,858.00-41.06%-1,584.17
QUALiShares MSCI USA Quality Factor ETFBlackrock-1,455.1820,038.32-7.26%-1,455.18
SHViShares Short Treasury Bond ETFBlackrock-1,378.1416,453.87-8.38%-1,378.14
TLTiShares 20+ Year Treasury Bond ETFBlackrock-1,216.0917,141.41-7.09%-1,216.09

 

Asset Classes (January 2021)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity7,773.983,164,691.350.25%
International Equity36,160.121,120,966.243.23%
U.S. Fixed Income15,557.76982,081.471.58%
International Fixed Income4,178.58127,290.483.28%
Commodities838.35142,769.710.59%
Currency83.311,994.254.18%
Leveraged-1,098.2447,228.94-2.33%
Inverse1,380.6011,629.8211.87%
Asset Allocation371.8713,762.602.70%
Alternatives439.746,074.557.24%
Total:65,686.075,618,489.411.17%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity7,773.983,164,691.350.25%
International Equity36,160.121,120,966.243.23%
U.S. Fixed Income15,557.76982,081.471.58%
International Fixed Income4,178.58127,290.483.28%
Commodities838.35142,769.710.59%
Currency83.311,994.254.18%
Leveraged-1,098.2447,228.94-2.33%
Inverse1,380.6011,629.8211.87%
Asset Allocation371.8713,762.602.70%
Alternatives439.746,074.557.24%
Total:65,686.075,618,489.411.17%

 

January 2021 ETF Issuer League Table

IssuerNet Flows ($,M)AUM ($,M)% of AUMYTD 2021 Net Flows($,M)
Blackrock5,063.942,057,518.870.25%5,063.94
Vanguard26,120.751,553,231.181.68%26,120.75
State Street Global Advisors3,490.09856,848.930.41%3,490.09
Invesco1,297.54303,006.080.43%1,297.54
Charles Schwab3,387.39205,403.021.65%3,387.39
First Trust2,377.04115,073.862.07%2,377.04
VanEck1,125.8254,005.432.08%1,125.82
ProShares680.9549,346.371.38%680.95
JPMorgan Chase3,890.2449,267.777.90%3,890.24
ARK8,273.1246,793.9917.68%8,273.12
WisdomTree395.8939,594.531.00%395.89
PIMCO488.3726,424.471.85%488.37
Mirae Asset3,270.1124,675.8613.25%3,270.11
Fidelity390.6224,494.761.59%390.62
Goldman Sachs165.0622,376.220.74%165.06
Deutsche Bank323.2120,811.001.55%323.21
Direxion-126.4419,371.74-0.65%-126.44
Northern Trust155.4214,725.221.06%155.42
Franklin Templeton74.898,837.820.85%74.89
SS&C38.637,922.370.49%38.63
CICC626.897,345.898.53%626.89
Aberdeen Standard Investments202.726,513.663.11%202.72
ETFMG332.826,348.805.24%332.82
Exchange Traded Concepts358.916,191.835.80%358.91
Pacer Advisors-89.295,778.80-1.55%-89.29
Victory Capital90.795,773.581.57%90.79
John Hancock0.935,119.270.02%0.93
US Commodity Funds-655.284,516.46-14.51%-655.28
Innovator195.114,274.214.56%195.11
Janus Henderson209.544,148.985.05%209.54
New York Life193.784,090.104.74%193.78
American Century Investments144.134,057.873.55%144.13
Principal43.103,966.181.09%43.10
The Hartford87.373,816.642.29%87.37
Amplify Investments362.613,680.469.85%362.61
Nuveen Securities499.103,180.7615.69%499.10
US Global Investors72.753,051.912.38%72.75
Barclays Capital Inc.253.932,833.368.96%253.93
BMO28.332,201.911.29%28.33
Toroso Investments231.071,777.7613.00%231.07
AdvisorShares452.131,582.4228.57%452.13
O’Shares Investments28.301,535.501.84%28.30
Columbia Management Investment Advisers, LLC96.501,377.597.00%96.50
Vident-2.321,369.64-0.17%-2.32
GraniteShares44.211,360.193.25%44.21
Prudential-15.391,332.80-1.15%-15.39
Defiance ETFs150.001,202.4912.47%150.00
Davis Advisers22.971,131.932.03%22.97
Aptus Capital Advisors77.671,062.237.31%77.67
Renaissance Capital113.92929.7012.25%113.92
UBS-13.86926.50-1.50%-13.86
Cambria29.03894.733.24%29.03
Virtus Investment Partners-13.47840.21-1.60%-13.47
EMPIRICAL FINANCE LLC130.24834.6715.60%130.24
Transamerica Funds-21.23743.31-2.86%-21.23
Credit Suisse Group AG20.92698.203.00%20.92
Inspire-3.15693.07-0.45%-3.15
Main Management1.85671.650.28%1.85
The Motley Fool20.13586.243.43%20.13
BNY Mellon47.36552.578.57%47.36
Nationwide34.12537.476.35%34.12
Merk7.10440.091.61%7.10
Roundhill Investments106.46413.1825.77%106.46
Timothy Plan-1.33392.39-0.34%-1.33
Al Marketing LLC-1.84376.65-0.49%-1.84
Tortoise-42.08374.05-11.25%-42.08
Sprott, Inc.13.59369.883.67%13.59
TrimTabs-1.66366.51-0.45%-1.66
Teucrium5.05332.131.52%5.05
WBI-9.90315.08-3.14%-9.90
SRN Advisors17.72300.405.90%17.72
Liquid Strategies4.43297.141.49%4.43
Strategy Shares76.10296.0025.71%76.10
Howard Capital Management-0.36291.10-0.12%-0.36
Redwood Investment Management-131.97285.40-46.24%-131.97
ClearShares LLC0.00274.820.00%0.00
Regents Park Funds15.35273.535.61%15.35
Distillate Capital44.83265.7616.87%44.83
Tuttle Tactical Management, LLC90.60243.9637.14%90.60
Swedish Export Credit-31.62212.07-14.91%-31.62
EntrepreneurShares, LLC-2.91195.21-1.49%-2.91
T. Rowe Price Group, Inc.24.48175.1213.98%24.48
Intangible Capital0.00174.920.00%0.00
OBP Capital LLC26.13170.6315.32%26.13
Core Alternative Capital14.02151.439.26%14.02
AGF1.89146.601.29%1.89
Donald L. Hagan LLC3.70142.982.59%3.70
Simplify Asset Management Inc.13.70124.7710.98%13.70
Arrow Funds0.00106.690.00%0.00
Gadsden2.86101.962.81%2.86
Little Harbor Advisors35.9592.5038.87%35.95
Cboe Vest Financial LLC0.0086.980.00%0.00
ProcureAM39.1986.7645.17%39.19
TrueMark Investments12.1182.9914.59%12.11
Exponential ETFs-3.7281.10-4.59%-3.72
Wahed Invest LLC8.7478.2211.17%8.74
Emles Advisors LLC0.5567.330.82%0.55
CornerCap Investment Counsel, Inc.5.2766.147.97%5.27
Syntax Advisors-0.3064.92-0.45%-0.30
Pacific Life0.0057.240.00%0.00
Metaurus Advisors0.5155.100.93%0.51
Pettee Investors12.0454.2022.21%12.04
Natixis0.8850.871.73%0.88
Highland Capital Management-3.3150.12-6.61%-3.31
iM Global Partner-6.2649.89-12.55%-6.26
Premise Capital-1.5048.56-3.09%-1.50
Toews Corp.-1.3547.56-2.83%-1.35
Advisors Asset Management2.7746.835.92%2.77
Esoterica20.1741.4648.65%20.17
Impact Shares3.5739.559.02%3.57
Beyond Investing1.7638.344.58%1.76
Absolute Investment Advisers LLC0.6438.301.66%0.64
Change Finance2.9135.958.10%2.91
RBS Securities28.3132.0288.43%28.31
ETF Series Solutions1.2125.654.71%1.21
AlphaMark Advisors0.0024.880.00%0.00
Truist1.3121.216.17%1.31
Neil Azous Revocable Trust0.0019.510.00%0.00
The Leuthold Group LLC0.7013.605.17%0.70
Guinness Atkinson Asset Management4.9513.2737.27%4.95
Counterpoint Mutual Funds LLC-0.6012.02-5.01%-0.60
Alternative Access Funds LLC0.0010.040.00%0.00
Point Bridge Capital0.009.800.00%0.00
Changebridge Capital LLC4.029.4942.37%4.02
EquBot1.617.9320.36%1.61
Water Island Capital Partners LP0.006.400.00%0.00
2nd Vote Value Investments, Inc0.005.390.00%0.00
Global Beta Advisors-4.093.58-114.28%-4.09
Inverdale Capital Management LLC0.003.570.00%0.00
Grace Partners of Dupage LP0.003.110.00%0.00
Whitford Asset Management0.002.850.00%0.00
New Age Alpha Advisors LLC1.262.6547.69%1.26
Gotham Asset Management Holdings0.512.5320.03%0.51
Reflection Asset Management, LLC0.002.29-0.01%0.00
Swan Global Investments0.000.000.00%0.00
MCCM Group LLC0.000.000.00%0.00
Rayliant Investment Research0.000.000.00%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 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.