Feb. 2021 ETF Inflows Second Largest Ever

March 01, 2021

$4.7 billion a day. That’s how much money investors put to work in U.S.-listed ETFs during the month of February—a blistering pace that summed to $88.7 billion over February’s 19 trading sessions. That $88.7 is the second-largest monthly haul for U.S.-listed ETFs ever, behind only the $91.2 billion record set last November.

Everything from equity to fixed income ETFs picked up assets in February, though investors focused their firepower on U.S. and international stock funds.

U.S. equity ETF inflows for the month totaled $52.4 billion, while international equity ETF inflows equaled $26.3 billion. On a year-to-date basis, international equity ETFs ended February just ahead of their U.S. counterparts, $62.5 billion versus $60.5 billion.

Year-to-date inflows for U.S.-listed ETFs as a whole finished the month at $154.8 billion, more than double the $72.3 billion seen at the end of February 2020.

Investors Unfazed

Stocks continued marching to a record high during February, largely unfazed by a late-month interest rate spike. Beneath the surface, there was a bit of a rotation from growth to value, and from large caps to small caps, but nothing that signified a major trend change.

For the most part, the “everything rally” remained in tact during February. The only exception was bonds. In the year-to-date period through the end of the month, the iShares 20+ Year Treasury Bond ETF (TLT) dropped more than 9%.

TLT, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) saw some of the largest outflows of the month.

But even so, fixed income ETFs in aggregate registered net inflows of $5.2 billion in February.

Gold was another interest-rate-sensitive asset that took a hit during the month, falling to an eight-month low. The SPDR Gold Trust (GLD) had monthly redemptions of $3.8 billion.

ETF Barbell

On the inflows side of the ledger, demand continued unabated for low-cost index funds and higher-cost active funds from ARK.

The Vanguard S&P 500 ETF (VOO), the iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF Trust (SPY) took the top three positions on the monthly inflows list.

Meanwhile, the ARK Innovation ETF (ARKK) and the ARK Fintech Innovation ETF (ARKF) took positions Nos. 4 and 10, with inflows of $2.4 billion and $1.7 billion, respectively.

ARK ended the month as the tenth-largest ETF issuer, with assets under management of $51.1 billion.

For a full list of the top inflows and outflows for February and the year-to-date period, see the tables below:

 

 

 

Top Gainers (February 2021)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2021 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 11,305.22 194,935.23 5.80% 12,930.11
IVV iShares Core S&P 500 ETF Blackrock 8,319.16 249,924.16 3.33% 6,009.93
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 6,862.85 333,390.91 2.06% -2,634.28
ARKK ARK Innovation ETF ARK 2,420.71 23,337.35 10.37% 5,586.31
VTI Vanguard Total Stock Market ETF Vanguard 2,211.94 213,694.17 1.04% 5,402.09
BND Vanguard Total Bond Market ETF Vanguard 2,010.37 70,437.55 2.85% 4,633.87
XLF Financial Select Sector SPDR Fund State Street Global Advisors 1,918.69 35,067.29 5.47% 7,159.06
QQQ Invesco QQQ Trust Invesco 1,894.05 149,621.52 1.27% -1,587.47
IWM iShares Russell 2000 ETF Blackrock 1,889.44 67,533.34 2.80% 2,240.36
ARKF ARK Fintech Innovation ETF ARK 1,709.10 4,435.72 38.53% 2,375.37

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM February 2021 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 12,930.11 194,935.23 6.63% 11,305.22
XLF Financial Select Sector SPDR Fund State Street Global Advisors 7,159.06 35,067.29 20.42% 1,918.69
IVV iShares Core S&P 500 ETF Blackrock 6,009.93 249,924.16 2.40% 8,319.16
ARKK ARK Innovation ETF ARK 5,586.31 23,337.35 23.94% 2,420.71
VTI Vanguard Total Stock Market ETF Vanguard 5,402.09 213,694.17 2.53% 2,211.94
BND Vanguard Total Bond Market ETF Vanguard 4,633.87 70,437.55 6.58% 2,010.37
IUSB iShares Core Total USD Bond Market ETF Blackrock 4,445.34 10,203.56 43.57% 785.84
EFV iShares MSCI EAFE Value ETF Blackrock 3,957.20 11,826.46 33.46% 684.15
IEMG iShares Core MSCI Emerging Markets ETF Blackrock 3,952.14 77,777.99 5.08% 797.09
ARKG ARK Genomic Revolution ETF ARK 3,400.83 10,551.54 32.23% 984.62

 

Biggest Losers (February 2021)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2021 Net Flows($,M)
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock -5,332.06 44,888.08 -11.88% -7,712.44
GLD SPDR Gold Trust State Street Global Advisors -3,831.38 62,551.13 -6.13% -4,435.29
JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -2,029.98 9,814.97 -20.68% -2,703.12
TLT iShares 20+ Year Treasury Bond ETF Blackrock -1,887.45 13,759.80 -13.72% -3,103.54
SDY SPDR S&P Dividend ETF State Street Global Advisors -1,801.38 17,403.72 -10.35% -744.55
USMV iShares MSCI USA Min Vol Factor ETF Blackrock -1,559.30 28,442.10 -5.48% -4,348.13
XLP Consumer Staples Select Sector SPDR Fund State Street Global Advisors -1,483.10 10,351.63 -14.33% -2,384.35
PFF iShares Preferred and Income Securities ETF Blackrock -1,241.26 17,496.48 -7.09% -1,344.93
XLV Health Care Select Sector SPDR Fund State Street Global Advisors -1,098.60 24,242.61 -4.53% -1,491.64
QUAL iShares MSCI USA Quality Factor ETF Blackrock -1,052.92 19,263.98 -5.47% -2,508.10

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM February 2021 Net Flows($,M)
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock -7,712.44 44,888.08 -17.18% -5,332.06
GLD SPDR Gold Trust State Street Global Advisors -4,435.29 62,551.13 -7.09% -3,831.38
USMV iShares MSCI USA Min Vol Factor ETF Blackrock -4,348.13 28,442.10 -15.29% -1,559.30
HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock -3,693.92 22,056.02 -16.75% 513.29
TLT iShares 20+ Year Treasury Bond ETF Blackrock -3,103.54 13,759.80 -22.56% -1,887.45
JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -2,703.12 9,814.97 -27.54% -2,029.98
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -2,634.28 333,390.91 -0.79% 6,862.85
QUAL iShares MSCI USA Quality Factor ETF Blackrock -2,508.10 19,263.98 -13.02% -1,052.92
XLP Consumer Staples Select Sector SPDR Fund State Street Global Advisors -2,384.35 10,351.63 -23.03% -1,483.10
IWF iShares Russell 1000 Growth ETF Blackrock -2,054.75 61,708.27 -3.33% -966.99

 

Asset Classes (February 2021)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 52,437.88 3,278,345.73 1.60%
International Equity 26,272.53 1,167,686.57 2.25%
U.S. Fixed Income 5,172.74 968,729.70 0.53%
International Fixed Income 3,135.93 128,088.09 2.45%
Commodities -2,232.46 140,145.27 -1.59%
Currency 21.00 2,020.71 1.04%
Leveraged 2,371.06 50,413.56 4.70%
Inverse 540.89 12,112.58 4.47%
Asset Allocation 258.89 14,006.25 1.85%
Alternatives 708.03 6,532.11 10.84%
Total: 88,686.49 5,768,080.58 1.54%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 60,491.89 3,278,345.73 1.85%
International Equity 62,549.04 1,167,686.57 5.36%
U.S. Fixed Income 20,751.87 968,729.70 2.14%
International Fixed Income 7,314.51 128,088.09 5.71%
Commodities -1,394.11 140,145.27 -0.99%
Currency 104.31 2,020.71 5.16%
Leveraged 1,305.84 50,413.56 2.59%
Inverse 1,921.49 12,112.58 15.86%
Asset Allocation 630.75 14,006.25 4.50%
Alternatives 1,146.04 6,532.11 17.54%
Total: 154,821.63 5,768,080.58 2.68%

 

February 2021 ETF Issuer League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2021 Net Flows($,M)
Blackrock 16,066.62 2,099,290.74 0.77% 21,130.56
Vanguard 31,687.16 1,601,105.18 1.98% 57,807.91
State Street Global Advisors 5,019.87 874,941.45 0.57% 8,509.96
Invesco 5,511.52 306,257.27 1.80% 6,809.06
Charles Schwab 2,909.80 212,688.80 1.37% 6,297.19
First Trust 1,832.73 117,575.19 1.56% 4,316.79
VanEck 148.59 53,547.32 0.28% 1,274.41
JPMorgan Chase 2,858.07 53,006.70 5.39% 6,748.31
ProShares 2,600.82 51,377.34 5.06% 3,281.77
ARK 8,288.23 51,134.51 16.21% 16,561.35
WisdomTree 101.38 40,734.57 0.25% 497.27
Mirae Asset 2,896.17 27,510.64 10.53% 6,166.29
PIMCO -121.20 26,109.91 -0.46% 375.30
Fidelity 568.05 25,149.12 2.26% 958.67
Goldman Sachs 20.72 22,555.72 0.09% 185.79
Deutsche Bank 431.17 21,496.92 2.01% 754.38
Direxion 779.53 21,229.99 3.67% 675.65
Northern Trust 661.81 15,862.05 4.17% 817.23
Franklin Templeton 212.15 9,001.46 2.36% 287.04
CICC 1,029.13 8,537.31 12.05% 1,656.02
SS&C 147.45 8,265.86 1.78% 186.08
ETFMG 474.70 7,055.84 6.73% 807.52
Aberdeen Standard Investments 120.08 6,902.88 1.74% 322.80
Exchange Traded Concepts 408.99 6,643.42 6.16% 767.90
Victory Capital 197.40 6,116.53 3.23% 288.19
Pacer Advisors 101.65 5,919.03 1.72% 14.46
US Commodity Funds -371.96 4,975.97 -7.48% -1,027.23
Amplify Investments 724.43 4,570.15 15.85% 1,087.04
American Century Investments 349.41 4,561.19 7.66% 493.54
John Hancock -798.42 4,505.05 -17.72% -797.49
Innovator 137.03 4,467.51 3.07% 363.51
Janus Henderson 54.68 4,188.15 1.31% 264.21
New York Life 8.11 4,116.26 0.20% 203.88
Principal 41.31 4,081.03 1.01% 84.41
US Global Investors 304.27 3,903.65 7.79% 377.02
The Hartford -55.14 3,777.13 -1.46% 32.23
Barclays Capital Inc. 584.90 3,413.98 17.13% 838.83
Nuveen Securities 105.14 3,336.36 3.15% 604.24
BMO 44.42 2,597.11 1.71% 83.22
AdvisorShares 583.52 2,263.42 25.78% 1,035.65
Toroso Investments 154.41 1,901.62 8.12% 390.95
O’Shares Investments 50.91 1,576.41 3.23% 79.21
Columbia Management Investment Advisers, LLC 59.29 1,420.75 4.17% 155.78
GraniteShares 77.38 1,419.25 5.45% 121.59
Vident 0.01 1,410.42 0.00% -2.30
Prudential 52.09 1,386.90 3.76% 36.70
Defiance ETFs 113.75 1,294.00 8.79% 263.75
Davis Advisers 19.32 1,216.75 1.59% 42.29
Aptus Capital Advisors 21.80 1,091.57 2.00% 99.47
UBS -11.24 972.08 -1.16% -25.10
Renaissance Capital 58.73 947.38 6.20% 172.65
Cambria 26.16 936.72 2.79% 55.20
Virtus Investment Partners 22.75 894.81 2.54% 9.28
EMPIRICAL FINANCE LLC 28.72 854.24 3.36% 158.96
Dimensional Holdings 220.99 822.25 26.88% 417.01
Inspire 20.74 788.09 2.63% 22.57
Credit Suisse Group AG 59.37 760.12 7.81% 80.28
Transamerica Funds -2.00 756.09 -0.26% -23.23
Main Management 25.15 713.26 3.53% 27.00
BNY Mellon 87.65 646.89 13.55% 135.01
Roundhill Investments 179.03 616.86 29.02% 285.49
The Motley Fool 23.27 600.59 3.87% 43.41
Nationwide 43.74 574.99 7.61% 77.86
Merk 28.98 450.87 6.43% 36.08
Tortoise 33.45 435.10 7.69% -8.62
Timothy Plan 4.52 408.52 1.11% 3.19
Teucrium 32.33 382.72 8.45% 37.38
Al Marketing LLC -6.73 369.65 -1.82% -8.57
SRN Advisors 40.87 367.33 11.13% 58.60
TrimTabs -9.10 361.02 -2.52% -10.76
Sprott, Inc. 4.59 347.98 1.32% 18.18
Liquid Strategies 23.87 338.25 7.06% 47.67
Strategy Shares 30.92 319.44 9.68% 107.02
WBI -12.25 306.78 -3.99% -22.15
Tuttle Tactical Management, LLC 47.78 294.30 16.23% 138.38
Howard Capital Management 8.27 294.29 2.81% 7.92
Redwood Investment Management -4.67 289.02 -1.62% -136.65
ClearShares LLC 2.49 277.48 0.90% 2.49
Distillate Capital 6.43 275.85 2.33% 51.26
Regents Park Funds -2.73 271.44 -1.01% 12.62
OBP Capital LLC 86.82 254.28 34.14% 112.95
Swedish Export Credit 17.30 250.27 6.91% -14.32
EntrepreneurShares, LLC 7.21 197.01 3.66% 4.30
T. Rowe Price Group, Inc. 18.36 195.23 9.40% 42.85
Intangible Capital 0.01 178.04 0.00% 0.01
Simplify Asset Management Inc. 42.50 169.47 25.08% 57.66
Donald L. Hagan LLC 16.72 160.76 10.40% 20.42
Core Alternative Capital 2.81 156.45 1.80% 16.84
ProcureAM 52.36 142.59 36.72% 91.55
AGF 0.97 136.88 0.71% 2.86
Arrow Funds 0.00 108.95 0.00% 0.00
Little Harbor Advisors 12.07 106.00 11.39% 48.03
Gadsden 2.59 105.18 2.47% 5.46
TrueMark Investments 16.80 101.77 16.51% 31.41
Cboe Vest Financial LLC 4.76 93.56 5.08% 4.76
Exponential ETFs 5.20 88.68 5.87% 1.48
RBS Securities 84.54 84.26 100.33% 87.04
Wahed Invest LLC 5.28 81.58 6.47% 14.02
CornerCap Investment Counsel, Inc. 11.24 80.42 13.97% 16.51
Syntax Advisors 0.00 67.74 0.00% -0.30
Pettee Investors 3.50 59.66 5.87% 15.54
Pacific Life 0.00 57.26 0.00% 0.00
Metaurus Advisors 0.01 54.95 0.02% 0.52
Natixis 1.57 53.78 2.92% 2.45
Emles Advisors LLC -14.84 52.88 -28.07% -14.29
Esoterica 11.47 52.45 21.86% 31.64
Advisors Asset Management 1.90 51.16 3.71% 4.67
iM Global Partner -1.94 49.76 -3.91% -8.21
Toews Corp. -1.28 46.22 -2.76% -2.62
Highland Capital Management -4.86 45.40 -10.71% -8.18
Change Finance 7.27 44.10 16.49% 10.18
MCCM Group LLC 25.54 44.09 57.93% 46.75
Premise Capital -5.38 43.73 -12.31% -6.89
Impact Shares 2.94 42.55 6.90% 6.51
Beyond Investing 2.67 41.27 6.48% 4.43
Infusive Asset Management 1.71 41.13 4.17% 1.71
Absolute Investment Advisers LLC 1.91 40.24 4.76% 2.55
ProFunds 2.73 34.35 7.96% 28.55
ETF Series Solutions 0.00 25.37 0.00% 1.21
AlphaMark Advisors -1.41 24.81 -5.69% -1.41
Truist 2.02 23.60 8.55% 3.32
Swan Global Investments 12.17 22.23 54.75% 20.61
Guinness Atkinson Asset Management 4.78 20.92 22.87% 12.07
Neil Azous Revocable Trust 0.00 19.82 0.00% 0.00
The Leuthold Group LLC 0.00 13.61 0.00% 0.70
Changebridge Capital LLC 2.19 12.93 16.93% 6.21
Counterpoint Mutual Funds LLC 0.00 11.96 0.00% -0.60
Rayliant Investment Research 2.78 11.01 25.29% 8.17
Inverdale Capital Management LLC 7.07 11.00 64.28% 7.07
Point Bridge Capital 0.00 10.56 0.00% 0.00
GAMCO Investors, Inc. 5.06 10.36 48.83% 5.06
Alternative Access Funds LLC 0.00 10.02 0.00% 0.00
EquBot 1.72 9.75 17.65% 3.34
Water Island Capital Partners LP 0.00 6.36 -0.02% 0.00
2nd Vote Value Investments, Inc 0.00 5.59 0.00% 0.00
Ridgeline Research LLC 2.14 5.10 41.98% 2.14
New Age Alpha Advisors LLC 1.31 4.03 32.48% 2.57
Global Beta Advisors 0.00 3.72 0.00% -4.09
Grace Partners of Dupage LP 0.00 3.10 0.00% 0.00
Whitford Asset Management 0.00 2.88 0.00% 0.00
Gotham Asset Management Holdings 0.00 2.55 0.00% 0.51
Reflection Asset Management, LLC 0.00 2.37 0.01% 0.00
Wilshire Associates, Inc. 0.00 1.80 0.00% 0.00
Humankind USA LLC 0.00 0.00 0.00% 0.00
Eaton Vance Corp. 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.

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