Strong June ETF Inflows Total $59B

July 01, 2020

After seeing sizzling gains in April and May, U.S. stocks took a breather in June. The S&P 500 rose a modest 2% in the month, but investors kept putting new money to work in U.S. equity ETFs and elsewhere. On net, $58.6 billion flowed into U.S.-listed ETFs during the month, pushing year-to-date inflows to $202.2 billion. That's ahead of the $121.3 billion seen at the halfway mark of 2019.

Of June's inflows, $10.9 billion headed for U.S. equity ETFs; $7.6 billion went into international equity ETFs; and $31.1 billion flowed into U.S. fixed income ETFs.

Taking No. 1 on the list of monthly inflows was the Vanguard S&P 500 ETF (VOO). The S&P 500 consolidated in a range between 3,000 and 3,200 during June as improving economic data was weighed against a second wave of coronavirus infections across the U.S.

Meanwhile, the JPMorgan BetaBuilders Europe ETF (BBEU) was the most popular international equity ETF of the month. BBEU outperformed the S&P 500 during June, with a gain of 4.4%. Most European economies have thus far managed to avoid a major second wave of COVID-19, which has lent some support to the region's stock markets.

Demand Strong For Fixed Income & Gold 

While U.S. stocks held in place during June, that wasn't the case for bonds. Investment grade credit spreads continued to narrow during the month thanks to corporate bond purchases by the Federal Reserve. The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) attracted inflows of $3.6 billion during the month, helping to push overall U.S. fixed income ETF inflows for June to $31.1 billion. Prices for the fund notched a record high on June 30. 

Treasuries and junk bonds didn't fare as well during the month—both were largely flat. But funds like the iShares iBoxx USD High Yield Corproate Bond ETF (HYG) and the SPDR Portfolio Intermediate Term Treasury ETF (SPTI) still found themselves among the top asset gatherers of the month. 

Finally, the SPDR Gold Trust (GLD) made yet another appearance on the top inflows list, with creations of $3.1 billion. The fund has pulled in a whopping $15.5 billion of new investor dollars on a year-to-date basis. 

For a full list of the top inflows and outflows for June and the year as a whole, see the tables below:
 

 

Top Gainers (June 2020)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2020 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 6,932.51 145,665.02 4.76% 22,551.30
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 5,707.57 35,881.37 15.91% 9,068.65
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock 3,582.26 53,939.43 6.64% 15,576.23
GLD SPDR Gold Trust State Street Global Advisors 3,136.69 67,128.37 4.67% 15,491.41
BBEU JPMorgan BetaBuilders Europe ETF JPMorgan Chase 2,795.95 5,164.38 54.14% 2,108.65
AGG iShares Core U.S. Aggregate Bond ETF Blackrock 2,522.08 75,503.30 3.34% 2,859.14
HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock 2,498.90 26,772.05 9.33% 8,628.08
VCSH Vanguard Short-Term Corporate Bond ETF Vanguard 2,310.37 28,863.37 8.00% 2,697.43
SPTI SPDR Portfolio Intermediate Term Treasury ETF State Street Global Advisors 2,250.47 4,059.89 55.43% 2,908.65
BND Vanguard Total Bond Market ETF Vanguard 2,087.30 56,056.62 3.72% 5,045.08

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM June 2020 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 22,551.30 145,665.02 15.48% 6,932.51
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock 15,576.23 53,939.43 28.88% 3,582.26
GLD SPDR Gold Trust State Street Global Advisors 15,491.41 67,128.37 23.08% 3,136.69
VTI Vanguard Total Stock Market ETF Vanguard 10,680.63 140,999.44 7.57% 578.22
QQQ Invesco QQQ Trust Invesco 10,491.56 112,441.52 9.33% -1,444.87
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 9,068.65 35,881.37 25.27% 5,707.57
HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock 8,628.08 26,772.05 32.23% 2,498.90
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF State Street Global Advisors 7,268.50 16,109.27 45.12% -2,407.25
USO United States Oil Fund LP US Commodity Funds 6,066.15 4,775.48 127.03% -463.93
ESGU iShares ESG MSCI U.S.A. ETF Blackrock 5,220.05 6,905.65 75.59% -411.62

 

Biggest Losers (June 2020)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2020 Net Flows($,M)
XLV Health Care Select Sector SPDR Fund State Street Global Advisors -2,517.63 22,813.29 -11.04% 3,371.89
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF State Street Global Advisors -2,407.25 16,109.27 -14.94% 7,268.50
SCHR Schwab Intermediate-Term U.S. Treasury ETF Charles Schwab -1,985.61 3,303.30 -60.11% -1,846.54
FNDX Schwab Fundamental U.S. Large Company Index ETF Charles Schwab -1,472.10 4,251.38 -34.63% -1,087.33
SHV iShares Short Treasury Bond ETF Blackrock -1,461.45 22,953.44 -6.37% 2,142.93
QQQ Invesco QQQ Trust Invesco -1,444.87 112,441.52 -1.28% 10,491.56
XLF Financial Select Sector SPDR Fund State Street Global Advisors -1,406.84 15,881.83 -8.86% -2,553.90
JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -1,389.97 10,509.63 -13.23% -667.43
IEFA iShares Core MSCI EAFE ETF Blackrock -1,119.39 63,967.32 -1.75% -26.94
XLB Materials Select Sector SPDR Fund State Street Global Advisors -965.41 3,833.99 -25.18% 456.65

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM June 2020 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -22,007.85 270,266.83 -8.14% -37.68
EFA iShares MSCI EAFE ETF Blackrock -10,094.18 45,227.14 -22.32% -569.92
IWM iShares Russell 2000 ETF Blackrock -4,908.69 36,165.83 -13.57% -825.53
IEMG iShares Core MSCI Emerging Markets ETF Blackrock -4,903.67 49,466.11 -9.91% -2.05
EEM iShares MSCI Emerging Markets ETF Blackrock -4,604.52 21,915.37 -21.01% 267.23
FLOT iShares Floating Rate Bond ETF Blackrock -3,735.95 5,898.98 -63.33% -216.25
IJH iShares Core S&P Mid-Cap ETF Blackrock -3,647.78 41,704.42 -8.75% -603.27
VWO Vanguard FTSE Emerging Markets ETF Vanguard -3,598.31 56,044.30 -6.42% 212.85
EWJ iShares MSCI Japan ETF Blackrock -3,424.58 9,524.97 -35.95% 124.85
GOVT iShares U.S. Treasury Bond ETF Blackrock -2,695.15 14,200.20 -18.98% -18.78

 

Asset Classes (June 2020)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 10,908.43 2,400,177.58 0.45%
International Equity 7,639.42 778,582.04 0.98%
U.S. Fixed Income 31,101.52 872,382.98 3.57%
International Fixed Income 2,622.64 92,036.39 2.85%
Commodities ETFs 4,855.34 123,647.42 3.93%
Currency -424.08 1,567.02 -27.06%
Leveraged 1,503.81 35,000.27 4.30%
Inverse 100.44 16,048.72 0.63%
Asset Allocation 168.10 9,738.73 1.73%
Alternatives 96.12 4,519.52 2.13%
Total: 58,571.74 4,333,700.67 1.35%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 68,088.98 2,400,177.58 2.84%
International Equity -10,449.09 778,582.04 -1.34%
U.S. Fixed Income 92,268.40 872,382.98 10.58%
International Fixed Income 3,920.47 92,036.39 4.26%
Commodities ETFs 33,134.28 123,647.42 26.80%
Currency 266.22 1,567.02 16.99%
Leveraged 4,296.51 35,000.27 12.28%
Inverse 11,526.25 16,048.72 71.82%
Asset Allocation 398.77 9,738.73 4.09%
Alternatives -1,209.67 4,519.52 -26.77%
Total: 202,241.12 4,333,700.67 4.67%

 

June 2020 ETF Issuer League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2020 Net Flows($,M)
Blackrock 19,312.94 1,638,871.21 1.18% 40,051.75
Vanguard 24,768.30 1,164,442.55 2.13% 88,494.65
State Street Global Advisors -727.97 700,294.66 -0.10% 22,792.58
Invesco -641.25 224,185.16 -0.29% 1,300.31
Charles Schwab -1,079.78 154,861.13 -0.70% 4,634.63
First Trust 1,664.58 85,397.16 1.95% 4,027.13
VanEck 484.38 43,022.31 1.13% -607.90
ProShares 357.26 39,871.73 0.90% 13,321.31
JPMorgan Chase 8,032.11 36,260.65 22.15% 7,706.83
WisdomTree -66.55 31,140.63 -0.21% -2,654.45
Allianz 1,171.80 22,758.31 5.15% 889.39
FMR LLC 424.98 17,474.06 2.43% 1,721.16
Goldman Sachs 218.64 16,676.75 1.31% 296.15
Direxion 1,108.14 15,820.63 7.00% 8,130.66
Deutsche Bank -10.80 14,901.85 -0.07% -270.45
Northern Trust -32.41 12,597.41 -0.26% -1,530.10
Mirae Asset 507.33 11,506.28 4.41% 1,094.38
ARK 1,062.47 7,783.74 13.65% 2,842.07
Franklin Templeton 442.15 6,206.79 7.12% 2,161.99
SS&C -278.09 6,176.36 -4.50% -1,409.12
US Commodity Funds -497.90 6,142.63 -8.11% 6,707.12
Pacer Advisors -225.35 5,084.60 -4.43% 263.17
Aberdeen Standard Investments 211.18 4,502.45 4.69% 1,054.29
Victory Capital -28.85 4,500.84 -0.64% -249.91
John Hancock -102.10 4,051.56 -2.52% -72.36
ETFMG 80.35 3,490.00 2.30% 91.75
The Hartford -57.15 3,377.12 -1.69% -310.64
CICC 140.05 3,318.67 4.22% 83.47
Principal 36.15 3,264.56 1.11% 202.37
Innovator -4.06 3,261.65 -0.12% 1,054.95
New York Life -29.95 3,115.21 -0.96% -77.23
Credit Suisse 167.16 3,074.80 5.44% -2,234.40
Exchange Traded Concepts 105.73 3,026.83 3.49% 367.35
Janus Henderson 281.46 2,418.59 11.64% 965.66
Barclays Capital Inc. 104.67 2,145.08 4.88% -2,084.68
American Century Investments 260.11 2,069.40 12.57% 1,022.01
Nuveen Securities 306.47 1,710.13 17.92% 775.92
US Global Investors 220.74 1,297.26 17.02% 1,125.85
Amplify 182.33 1,293.48 14.10% 437.91
Vident -67.95 1,223.30 -5.55% -221.73
Legg Mason -1.45 1,152.02 -0.13% -173.06
GraniteShares 50.43 1,128.33 4.47% 334.41
Prudential 30.79 1,039.32 2.96% 163.97
UBS -151.04 1,013.30 -14.91% -2,658.55
Toroso Investments -24.29 1,006.60 -2.41% 505.79
O’Shares Investments 94.50 852.49 11.08% 133.26
BMO 148.61 852.10 17.44% 190.54
Davis Advisers 3.04 822.95 0.37% 147.59
AdvisorShares 69.20 806.22 8.58% 215.55
Columbia Management Investment Advisers, LLC 11.68 722.00 1.62% 82.17
Transamerica Funds 0.00 708.11 0.00% -26.55
Cambria 59.97 663.96 9.03% 92.33
Aptus Capital Advisors 49.38 648.81 7.61% 189.93
Virtus Investment Partners -2.11 537.01 -0.39% -206.95
Main Management -2.94 532.13 -0.55% 23.07
Inspire -12.80 446.14 -2.87% 9.10
EMPIRICAL FINANCE LLC 18.32 416.52 4.40% 20.24
FormulaFolios -2.18 401.56 -0.54% 4.71
Nationwide 10.17 393.52 2.58% 16.77
Defiance ETFs 43.42 375.46 11.57% 184.27
WBI -20.00 368.29 -5.43% -56.68
The Motley Fool 8.36 342.49 2.44% 35.58
Tortoise -1.53 317.98 -0.48% -52.45
Sprott, Inc. 11.51 317.33 3.63% 18.76
Timothy Plan 5.04 306.88 1.64% 88.83
Merk 11.99 297.72 4.03% 71.86
Regents Park Funds 9.74 262.66 3.71% 174.31
The Bank of New York Mellon 5.45 259.80 2.10% 33.69
Liquid Strategies 6.16 224.95 2.74% 114.47
ClearShares 0.00 220.70 0.00% 22.82
AGF 34.53 206.31 16.74% 67.75
Teucrium 61.02 200.19 30.48% 57.68
Redwood Investment Management 61.51 191.28 32.16% 94.05
Howard Capital Management 6.65 188.56 3.53% 74.18
Citigroup Inc 1.73 183.23 0.94% 2.42
Swedish Export Credit -0.42 157.88 -0.27% -50.00
Intangible Capital -0.06 140.55 -0.04% 1.32
EntrepreneurShares, LLC 1.05 140.51 0.75% 20.43
Reality Shares -8.89 135.44 -6.56% -26.77
Core Alternative Capital -2.79 128.60 -2.17% 18.65
Tuttle Tactical Management, LLC -0.08 124.64 -0.07% 113.01
Distillate Capital 6.86 119.72 5.73% 59.16
TrimTabs -3.61 114.13 -3.16% -15.18
Roundhill Investments 99.90 112.68 88.66% 104.20
Arrow Funds 0.00 106.62 0.00% -7.05
Pacific Life 3.69 105.02 3.51% 4.96
OBP Capital LLC 2.88 81.33 3.54% 18.64
Renaissance Capital 20.43 78.38 26.07% 25.32
Highland Capital Management -19.24 77.19 -24.92% -188.27
Exponential ETFs -4.93 75.07 -6.56% -3.59
Donald L. Hagan LLC 10.68 70.33 15.18% 66.88
Gadsden 4.51 60.52 7.44% 10.17
Premise Capital -2.60 58.10 -4.48% 22.61
Strategy Shares 5.02 54.50 9.22% 27.70
Cboe Vest Financial LLC 0.00 53.20 0.00% 7.76
Natixis 0.00 48.14 0.00% 2.09
Syntax Advisors 0.02 47.63 0.05% -27.62
Metaurus Advisors -0.00 45.39 -0.00% 0.01
Toews Corp. 40.18 44.92 89.45% 40.18
Wahed Invest LLC 3.94 36.83 10.69% 14.05
Little Harbor Advisors 1.24 31.34 3.96% 33.74
AAM Holdings Inc. 3.24 31.23 10.39% -6.46
Belpointe Asset Management, LLC -1.72 30.98 -5.57% -17.13
Absolute Investment Advisers LLC 0.57 28.70 1.99% 29.40
iM Global Partner 3.08 27.80 11.09% -4.83
EventShares 0.00 22.36 0.00% 4.14
ProcureAM 3.66 20.46 17.89% 11.69
Beyond Investing 0.68 20.20 3.38% 8.80
Salt Financial -6.19 19.07 -32.44% -3.70
Pettee Investors 4.55 18.98 24.00% 11.65
AlphaMark Advisors 0.00 18.32 0.00% 0.00
Rafferty Asset Management 0.00 18.31 0.00% 0.00
Sage 0.00 18.20 0.00% 0.00
Change Finance -0.05 18.10 -0.28% 5.42
ETF Series Solutions 0.61 16.62 3.66% 3.73
Impact Shares 2.32 16.00 14.51% 4.50
UP Fintech Holding -0.00 14.09 -0.02% 3.00
TrueMark Investments, LLC 4.53 12.90 35.16% 12.31
Counterpoint Mutual Funds LLC 0.00 12.03 0.00% 12.90
Point Bridge Capital 0.00 8.28 0.00% -4.13
The Leuthold Group LLC 1.25 6.27 20.00% 6.18
Water Island Capital Partners LP 1.24 5.00 24.71% 2.47
EquBot 0.00 3.80 0.00% 0.25
Whitford Asset Management 0.00 3.03 0.00% -0.22
Precidian Investments LLC 0.00 2.59 0.01% 0.00
Guinness Atkinson Asset Management 0.00 2.01 0.00% -0.60
Global Beta Advisors 0.00 1.43 0.00% -0.31

 

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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