Strong ETF Inflows Continue In Aug.

September 02, 2020

After a huge gain in ETF assets during July of nearly $50 billion, flows were a little more muted in August, with a gain of more than $30 billion, which, in itself, is an impressive number. This brings the year to date total to $282.7 billion, blowing away last year’s corresponding YTD inflow of $147.9 billion.

Top ETFs For Inflows
U.S. fixed income pulled in more than any other asset class during the month, at $13.4 billion, followed by international equity, which gained $9.3 billion. U.S. equities, usually the asset class with the strongest inflows in any given month, pulled in just $1.5 billion, putting it near the middle of the pack, while leveraged ETFs were the only asset class to experience outflows, with a loss of $1.6 billion.

Despite U.S. equity falling short of being the top asset class for the month, a key U.S. equity ETF, the Invesco QQQ Trust (QQQ), pulled in more than any other ETF, with a gain of $2.3 billion. However, the top 10 ETFs were dominated by fixed income, which claimed five of the top spots. The Vanguard Total Bond Market ETF (BND) claimed the No. 2 ranking for the month, having pulled in $2.2 billion.

International equities was another category with a strong presence in the top 10, with the iShares Core MSCI EAFE ETF (IEFA) gaining $2.2 billion and ranking in the third spot of the top 10.

Redemptions
The SPDR S&P 500 ETF Trust (SPY) saw more outflows than any other fund, losing $2.5 billion, and two growth ETFs fell into the bottom 10, with the Vanguard Growth ETF (VUG) losing $1.7 billion and the iShares Russell 1000 Growth ETF (IWF) losing $1.3 billion.

Dividend ETFs were another notable presence in the bottom 10, with the SPDR S&P Dividend ETF (SDY) losing $1.5 billion and the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) losing $1 billion.

Meanwhile, U.S. fixed income ETFs claimed three spots. Interestingly, the iShares Short Treasury Bond ETF (SHV) claimed the No. 3 spot, with a $1.7 billion loss, and the iShares 20+ Year Treasury Bond ETF (TLT) was right behind it, losing $1.5 billion.

With regard to the leveraged ETF category, the only asset class to see outflows in August, the ProShares UltraPro QQQ (TQQQ) accounted for much of that loss, with its outflows of $1.1 billion.

For a full list of this month's top ETF inflows and outflows, see the tables below:

Top Gainers (August 2020)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2020 Net Flows($,M)
QQQ Invesco QQQ Trust Invesco 2,269.27 139,560.98 1.63% 14,123.39
BND Vanguard Total Bond Market ETF Vanguard 2,217.79 60,422.00 3.67% 9,443.52
IEFA iShares Core MSCI EAFE ETF Blackrock 2,181.88 72,011.57 3.03% 2,617.38
VTI Vanguard Total Stock Market ETF Vanguard 2,028.34 166,483.62 1.22% 14,525.23
VCSH Vanguard Short-Term Corporate Bond ETF Vanguard 1,776.67 31,723.56 5.60% 5,385.43
TIP iShares TIPS Bond ETF Blackrock 1,333.90 23,572.09 5.66% 1,234.50
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 1,136.77 38,668.53 2.94% 11,403.35
VXUS Vanguard Total International Stock ETF Vanguard 974.74 24,860.87 3.92% 6,198.27
HYLB Xtrackers USD High Yield Corporate Bond ETF Deutsche Bank 974.02 6,207.46 15.69% 1,935.90
ARKK ARK Innovation ETF ARK 944.13 8,044.90 11.74% 3,381.37

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM August 2020 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 20,989.66 166,106.86 12.64% -172.18
GLD SPDR Gold Trust State Street Global Advisors 19,819.91 78,733.53 25.17% 602.77
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock 17,281.03 56,129.63 30.79% -259.97
VTI Vanguard Total Stock Market ETF Vanguard 14,525.23 166,483.62 8.72% 2,028.34
QQQ Invesco QQQ Trust Invesco 14,123.39 139,560.98 10.12% 2,269.27
HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock 11,903.74 31,324.08 38.00% 503.07
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 11,403.35 38,668.53 29.49% 1,136.77
BND Vanguard Total Bond Market ETF Vanguard 9,443.52 60,422.00 15.63% 2,217.79
IAU iShares Gold Trust Blackrock 8,213.27 31,805.50 25.82% 899.86
IGSB iShares Short-Term Corporate Bond ETF Blackrock 6,356.47 19,938.83 31.88% 854.27

 

Biggest Losers (August 2020)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2020 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -2,471.38 307,856.67 -0.80% -25,351.79
VUG Vanguard Growth ETF Vanguard -1,716.83 63,629.28 -2.70% 1,843.40
SHV iShares Short Treasury Bond ETF Blackrock -1,716.10 19,829.20 -8.65% -979.43
TLT iShares 20+ Year Treasury Bond ETF Blackrock -1,519.44 17,850.30 -8.51% -2,640.14
SDY SPDR S&P Dividend ETF State Street Global Advisors -1,505.35 15,831.13 -9.51% -2,043.81
IWF iShares Russell 1000 Growth ETF Blackrock -1,312.72 61,712.69 -2.13% -2,190.94
TQQQ ProShares UltraPro QQQ ProShares -1,040.20 8,352.62 -12.45% -314.51
NOBL ProShares S&P 500 Dividend Aristocrats ETF ProShares -1,025.06 6,304.20 -16.26% -73.47
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF State Street Global Advisors -755.15 13,861.86 -5.45% 5,021.36
USMV iShares MSCI USA Min Vol Factor ETF Blackrock -701.47 34,830.88 -2.01% -1,787.21

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM August 2020 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -25,351.79 307,856.67 -8.23% -2,471.38
EFA iShares MSCI EAFE ETF Blackrock -10,094.18 48,797.17 -20.69% 0.00
IEMG iShares Core MSCI Emerging Markets ETF Blackrock -5,481.18 55,547.59 -9.87% 0.00
EEM iShares MSCI Emerging Markets ETF Blackrock -4,977.81 24,464.03 -20.35% -373.29
IJH iShares Core S&P Mid-Cap ETF Blackrock -4,073.66 45,766.96 -8.90% -55.71
VWO Vanguard FTSE Emerging Markets ETF Vanguard -3,918.80 63,054.22 -6.21% -29.01
FLOT iShares Floating Rate Bond ETF Blackrock -3,867.53 5,788.11 -66.82% -81.01
EWJ iShares MSCI Japan ETF Blackrock -3,647.60 9,899.10 -36.85% -223.02
IWM iShares Russell 2000 ETF Blackrock -3,585.61 41,596.63 -8.62% 209.41
VNQ Vanguard Real Estate ETF Vanguard -2,867.95 29,347.50 -9.77% -353.62

 

Asset Classes (August 2020)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,638.58 2,740,633.51 0.06%
International Equity 9,305.22 879,529.28 1.06%
U.S. Fixed Income 13,355.79 919,409.77 1.45%
International Fixed Income 2,752.14 100,672.89 2.73%
Commodities 3,228.46 152,346.18 2.12%
Currency 149.71 1,908.63 7.84%
Leveraged -1,488.34 41,335.90 -3.60%
Inverse 813.45 13,811.00 5.89%
Asset Allocation 180.75 10,994.49 1.64%
Alternatives 457.37 5,151.61 8.88%
Total: 30,393.13 4,865,793.27 0.62%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 74,266.75 2,740,633.51 2.71%
International Equity 6,144.63 879,529.28 0.70%
U.S. Fixed Income 131,038.33 919,409.77 14.25%
International Fixed Income 10,918.54 100,672.89 10.85%
Commodities 44,238.12 152,346.18 29.04%
Currency 570.85 1,908.63 29.91%
Leveraged 1,409.38 41,335.90 3.41%
Inverse 13,631.36 13,811.00 98.70%
Asset Allocation 831.48 10,994.49 7.56%
Alternatives -304.14 5,151.61 -5.90%
Total: 282,745.29 4,865,793.27 5.81%

 

August 2020 ETF Issuer League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2020 Net Flows($,M)
Blackrock 4,911.67 1,816,465.68 0.27% 63,375.70
Vanguard 12,743.40 1,311,682.44 0.97% 112,735.79
State Street Global Advisors -2,196.51 787,393.35 -0.28% 26,851.76
Invesco 5,014.06 264,959.76 1.89% 9,079.10
Charles Schwab 1,258.89 173,529.04 0.73% 7,082.74
First Trust 1,353.55 96,158.46 1.41% 7,048.65
VanEck 810.36 49,912.01 1.62% 711.24
ProShares -1,191.76 45,441.18 -2.62% 13,771.76
JPMorgan Chase 645.11 39,342.88 1.64% 9,017.89
WisdomTree 22.18 33,841.86 0.07% -2,517.50
Allianz 601.64 23,922.69 2.51% 1,840.42
FMR LLC 268.57 20,096.69 1.34% 2,058.66
Goldman Sachs 816.51 19,596.55 4.17% 1,461.38
Direxion -449.47 17,590.02 -2.56% 6,511.59
Deutsche Bank 312.50 17,495.34 1.79% 1,170.57
Mirae Asset 827.79 14,357.01 5.77% 2,514.34
ARK 1,647.74 13,688.59 12.04% 6,047.39
Northern Trust -56.24 13,639.23 -0.41% -1,532.10
Franklin Templeton 167.90 7,903.32 2.12% 2,159.69
Aberdeen Standard Investments 477.28 6,173.87 7.73% 1,911.22
SS&C -31.88 6,157.30 -0.52% -1,579.00
US Commodity Funds -25.61 5,852.01 -0.44% 5,833.41
Pacer Advisors -78.80 5,536.49 -1.42% 122.17
Victory Capital -84.82 4,765.45 -1.78% -354.93
John Hancock 6.52 4,467.00 0.15% -117.06
CICC -9.67 4,403.44 -0.22% 636.90
ETFMG 33.85 4,071.99 0.83% 223.77
Exchange Traded Concepts 115.12 3,654.25 3.15% 611.17
Principal 94.46 3,591.06 2.63% 171.92
Innovator 114.62 3,548.91 3.23% 1,143.16
The Hartford 2.92 3,537.10 0.08% -348.40
New York Life 43.15 3,317.94 1.30% 23.63
Janus Henderson 259.36 2,953.43 8.78% 1,471.29
American Century Investments 251.54 2,735.06 9.20% 1,415.01
Barclays Capital Inc. 234.35 2,308.85 10.15% -1,532.93
Nuveen Securities 133.29 2,078.29 6.41% 966.10
Amplify 240.35 1,993.50 12.06% 887.01
US Global Investors 203.02 1,708.09 11.89% 1,400.32
GraniteShares 95.97 1,513.58 6.34% 585.39
BMO 60.35 1,345.98 4.48% 255.57
Vident -13.49 1,282.59 -1.05% -242.62
Toroso Investments 129.41 1,265.57 10.23% 698.91
Prudential 49.87 1,140.27 4.37% 255.66
O’Shares Investments 16.55 1,081.30 1.53% 217.78
UBS -47.00 1,039.54 -4.52% -2,749.51
Davis Advisers 1.54 946.31 0.16% 152.00
Columbia Management Investment Advisers, LLC 50.24 847.45 5.93% 153.99
AdvisorShares -12.80 841.54 -1.52% 229.42
Aptus Capital Advisors 45.23 782.07 5.78% 271.29
Cambria 16.75 752.20 2.23% 165.04
Transamerica Funds -5.23 739.11 -0.71% -31.77
Main Management -7.72 600.00 -1.29% 15.35
Inspire 24.39 593.82 4.11% 114.27
Virtus Investment Partners 20.39 574.30 3.55% -191.25
Credit Suisse 0.41 572.23 0.07% -1,526.85
Defiance ETFs 55.83 515.62 10.83% 279.26
EMPIRICAL FINANCE LLC 12.68 493.81 2.57% 48.87
Nationwide 2.60 448.03 0.58% 53.71
The Motley Fool 18.25 437.05 4.18% 59.79
Sprott, Inc. 3.05 407.44 0.75% 43.43
FormulaFolios -5.41 397.28 -1.36% -17.53
Merk 26.53 394.82 6.72% 136.98
WBI -13.91 363.78 -3.82% -93.27
Timothy Plan -1.37 339.29 -0.40% 88.69
The Bank of New York Mellon 21.73 337.19 6.44% 87.14
Tortoise -13.24 331.35 -4.00% -58.24
Regents Park Funds 5.75 291.23 1.98% 186.30
Teucrium 40.11 266.10 15.07% 103.42
Liquid Strategies 5.88 247.95 2.37% 121.00
Howard Capital Management 6.75 245.93 2.74% 83.82
AGF 6.19 236.78 2.61% 107.53
ClearShares 0.00 233.72 0.00% 27.83
Reality Shares 33.11 205.06 16.14% 15.99
Citigroup Inc 1.25 199.18 0.63% 4.48
TrimTabs 68.83 198.86 34.61% 51.69
EntrepreneurShares, LLC 0.00 176.20 0.00% 27.45
Rafferty Asset Management 25.86 175.24 14.76% 68.11
Distillate Capital 15.61 174.43 8.95% 96.98
Swedish Export Credit 0.29 170.98 0.17% -55.91
Intangible Capital -0.03 153.82 -0.02% 1.31
Redwood Investment Management -1.35 144.38 -0.94% 31.13
Renaissance Capital 31.55 142.73 22.11% 72.17
Roundhill Investments 7.54 137.81 5.47% 109.94
Core Alternative Capital 1.39 134.29 1.04% 22.79
Tuttle Tactical Management, LLC -2.76 130.84 -2.11% 108.98
Highland Capital Management 51.09 126.23 40.48% -140.42
Pacific Life 0.00 112.30 0.00% 6.05
Arrow Funds 0.00 109.47 0.00% -7.05
OBP Capital LLC 7.41 92.78 7.99% 27.85
Donald L. Hagan LLC 0.01 87.85 0.02% 73.06
Strategy Shares 7.95 83.58 9.51% 51.83
Gadsden 2.99 75.57 3.95% 15.88
Exponential ETFs -0.81 75.19 -1.08% 1.82
T. Rowe Price Group, Inc. 0.68 69.41 0.98% 0.68
Cboe Vest Financial LLC 3.30 64.79 5.10% 13.14
iM Global Partner 23.95 63.12 37.94% 28.57
Premise Capital -3.40 54.03 -6.30% 14.55
Natixis 0.00 52.08 0.00% 4.68
Metaurus Advisors 0.01 50.06 0.02% 0.01
Syntax Advisors -3.64 49.48 -7.35% -31.26
Toews Corp. 1.35 49.39 2.73% 42.79
Wahed Invest LLC 3.02 48.39 6.25% 18.48
AAM Holdings Inc. 1.16 35.58 3.27% -4.18
TrueMark Investments, LLC 9.42 34.21 27.54% 29.97
Belpointe Asset Management, LLC -0.60 29.89 -2.01% -20.09
Pettee Investors 3.55 29.66 11.97% 18.68
Absolute Investment Advisers LLC -1.77 29.18 -6.05% 27.64
Little Harbor Advisors 0.61 28.86 2.12% 30.15
ProcureAM 2.20 27.47 8.01% 16.49
Beyond Investing 0.75 25.26 2.98% 10.26
ETF Series Solutions 3.86 22.11 17.45% 8.12
Impact Shares 1.29 20.94 6.18% 6.40
Change Finance 0.00 20.79 0.00% 5.42
AlphaMark Advisors 0.00 19.85 0.00% 0.00
Sage 0.00 18.35 0.00% 0.00
Salt Financial 0.00 17.63 0.00% -6.89
UP Fintech Holding 0.00 17.13 0.00% 3.00
Counterpoint Mutual Funds LLC 0.00 12.34 0.00% 12.90
Esoterica Capital LLC 3.22 12.16 26.44% 4.16
The Leuthold Group LLC 0.00 10.18 0.00% 9.41
Point Bridge Capital -0.65 8.64 -7.58% -4.78
Global Beta Advisors 0.00 6.97 0.00% -0.31
Water Island Capital Partners LP 1.28 6.49 19.68% 3.75
Whitford Asset Management 3.52 6.19 56.85% 2.48
CornerCap Investment Counsel, Inc. 6.03 6.10 98.93% 6.03
EquBot 0.00 5.66 0.00% 1.56
Barclays 0.02 5.36 0.39% 1.46
Guinness Atkinson Asset Management 0.79 3.28 24.20% 0.19
Nordea Investment Funds SA 0.00 2.84 0.00% 2.50
BB&T 0.00 1.26 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.

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