Equities Lead As June Inflows Top $77B

Jul 01, 2021

Reviewed by: Dan Mika

Edited by: Dan Mika

The ETF market missed the chance to breach the $500 billion inflow mark at the first half of the year, but appears well on the way after investors put $77 billion in the market in June.

The inflows last month are a 15% increase over May’s flows, and puts the industry on track to easily break the full-year record of $507.4 billion from 2020 in a matter of weeks. The first half of 2021 ended with $472.5 billion in assets for U.S.-based ETFs.

Let’s dig into the data.

Equities Just Keep Getting Bigger

U.S. equity funds added $37.7 billion in assets during the month, a 55% increase over May’s tally, while international equities gained $19.8 billion for a 13.7% gain month-over-month. The performance for American equities isn’t surprising considering the S&P 500 closed at record-highs 35 times in 2021 so far, while the tech-heavy Nasdaq Composite hit 18 records in the same period.

The Invesco QQQ Trust (QQQ) led the charge among all funds, with $6.16 billion in flows during the month as tech flourished, while the SPDR S&P 500 ETF Trust (SPY) was a distant second, at $4.9 billion.

On a year-to-date basis, U.S. equities have a net gain of $219.2 billion and just more than $3.8 trillion in assets under management, while international equities have gained $138 billion and stand at $1.3 trillion in total assets.

Inflation Fears Recede

As more Americans returned to something resembling a prepandemic normal, and other countries across the world started to emerge from COVID-19-generated lockdowns, some investors took positions in inflationary plays as a mismatch of demand and the Federal Reserve’s commitment at the time to keep rates near zero.

Those plays lost steam soon after multiple Fed governors suggested that rate hikes would begin as soon as next year after their FOMC meeting in June, implying that the central bank is keeping a closer eye on long-term inflation than it’s previously indicated.

The Vanguard Short-Term Bond ETF (BSV) and the SPDR Gold Trust (GLD) were among the top 10 gainers in May but fell off the list in June, while the iShares 1-3 Year Treasury Bond ETF (SHY) lost $845.1 million in the month.

At the same time, a $2.2 billion inflow into the iShares 20+ Year Treasury Bond ETF (TLT) and $2.6 billion into the iShares U.S. Real Estate ETF (IYR) suggest that investors aren’t too worried over longer-term inflation.

Commodities Slow Considerably

The commodities class showed a noticeable slowdown during the month despite posting net inflows of $460.2 million—well off the pace of the approximately $5.5 billion worth of inflows in May.

The asset class’ month is a tale of two extremes. Speculators drove the price of oil to almost $75 per barrel toward the end of the month as a wave of post-lockdown vacations piqued demand.

The United States Oil Fund LP (USO) had returns of 9.84% for the month, while the broader Energy Select Sector SPDR Fund (XLE) had a single-month of return of 2.91%.

However, precious metals retreated significantly as inflation fears eased. GLD, the iShares Gold Trust (IAU), the iShares Silver Trust (SLV) and the Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) all had negative returns of 7% or worse during the month.

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

Top Gainers (June 2021)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	YTD 2021 Net Flows($,M)
QQQ	Invesco QQQ Trust	Invesco	6,160.63	177,225.30	3.48%	5,618.69
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	4,876.69	373,525.58	1.31%	-1,715.03
VTI	Vanguard Total Stock Market ETF	Vanguard	3,497.47	252,496.59	1.39%	20,160.46
BND	Vanguard Total Bond Market ETF	Vanguard	2,888.45	78,499.82	3.68%	12,129.04
IYR	iShares U.S. Real Estate ETF	Blackrock	2,571.05	7,482.11	34.36%	1,191.97
VOO	Vanguard S&P 500 ETF	Vanguard	2,444.10	232,337.16	1.05%	26,597.28
TLT	iShares 20+ Year Treasury Bond ETF	Blackrock	2,164.55	15,081.76	14.35%	-2,239.42
IVV	iShares Core S&P 500 ETF	Blackrock	1,597.28	286,606.20	0.56%	12,513.19
IEFA	iShares Core MSCI EAFE ETF	Blackrock	1,533.40	96,608.64	1.59%	5,366.33
EZU	iShares MSCI Eurozone ETF	Blackrock	1,519.28	8,160.74	18.62%	2,516.40

Top Gainers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	June 2021 Net Flows($,M)
VOO	Vanguard S&P 500 ETF	Vanguard	26,597.28	232,337.16	11.45%	2,444.10
VTI	Vanguard Total Stock Market ETF	Vanguard	20,160.46	252,496.59	7.98%	3,497.47
IVV	iShares Core S&P 500 ETF	Blackrock	12,513.19	286,606.20	4.37%	1,597.28
BND	Vanguard Total Bond Market ETF	Vanguard	12,129.04	78,499.82	15.45%	2,888.45
VTV	Vanguard Value ETF	Vanguard	10,200.25	81,348.23	12.54%	1,256.04
IEMG	iShares Core MSCI Emerging Markets ETF	Blackrock	9,226.28	83,902.29	11.00%	969.08
XLF	Financial Select Sector SPDR Fund	State Street Global Advisors	8,875.03	40,617.37	21.85%	-2,294.53
IUSB	iShares Core Total USD Bond Market ETF	Blackrock	8,609.34	14,482.32	59.45%	489.32
ARKK	ARK Innovation ETF	ARK	7,641.93	25,527.18	29.94%	654.18
VWO	Vanguard FTSE Emerging Markets ETF	Vanguard	6,616.38	84,372.42	7.84%	848.31

Biggest Losers (June 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	-2,294.53	40,617.37	-5.65%	8,875.03
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-1,886.40	20,345.42	-9.27%	-5,609.88
TQQQ	ProShares UltraPro QQQ	ProShares	-1,777.52	12,476.94	-14.25%	-770.28
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	Blackrock	-1,576.44	40,171.95	-3.92%	-13,437.84
XLI	Industrial Select Sector SPDR Fund	State Street Global Advisors	-1,165.31	19,167.92	-6.08%	514.26
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	State Street Global Advisors	-1,067.96	9,774.46	-10.93%	-2,836.50
SOXL	Direxion Daily Semiconductor Bull 3X Shares	Direxion	-948.84	4,640.70	-20.45%	1,124.14
EWJ	iShares MSCI Japan ETF	Blackrock	-877.90	11,405.33	-7.70%	-2,245.27
SHY	iShares 1-3 Year Treasury Bond ETF	Blackrock	-845.12	19,509.33	-4.33%	-77.54
MDYV	SPDR S&P 400 Mid Cap Value ETF	State Street Global Advisors	-714.20	1,635.23	-43.68%	-190.57

Biggest Losers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	June 2021 Net Flows($,M)
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	Blackrock	-13,437.84	40,171.95	-33.45%	-1,576.44
USMV	iShares MSCI USA Min Vol Factor ETF	Blackrock	-8,095.89	27,615.34	-29.32%	-657.36
GLD	SPDR Gold Trust	State Street Global Advisors	-6,905.09	59,003.72	-11.70%	165.15
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-5,609.88	20,345.42	-27.57%	-1,886.40
SHV	iShares Short Treasury Bond ETF	Blackrock	-3,183.89	14,643.56	-21.74%	-226.50
IWF	iShares Russell 1000 Growth ETF	Blackrock	-3,151.32	69,315.14	-4.55%	-457.43
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	State Street Global Advisors	-2,836.50	9,774.46	-29.02%	-1,067.96
QUAL	iShares MSCI USA Quality Factor ETF	Blackrock	-2,746.41	21,601.80	-12.71%	461.03
IVW	iShares S&P 500 Growth ETF	Blackrock	-2,382.46	34,233.27	-6.96%	-36.56
IHI	iShares U.S. Medical Devices ETF	Blackrock	-2,260.19	7,779.86	-29.05%	-407.89

Asset Classes (June 2021)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	37,702.54	3,809,537.57	0.99%
International Equity	19,836.88	1,290,880.87	1.54%
U.S. Fixed Income	15,381.85	1,042,385.34	1.48%
International Fixed Income	3,567.11	142,642.77	2.50%
Commodities	460.19	139,890.88	0.33%
Currency	158.41	1,941.79	8.16%
Leveraged	-1,632.29	61,285.23	-2.66%
Inverse	894.64	11,730.93	7.63%
Asset Allocation	548.29	16,348.42	3.35%
Alternatives	76.41	6,417.57	1.19%
Total:	76,994.04	6,523,061.37	1.18%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	219,260.97	3,809,537.57	5.76%
International Equity	138,072.43	1,290,880.87	10.70%
U.S. Fixed Income	84,750.62	1,042,385.34	8.13%
International Fixed Income	21,293.52	142,642.77	14.93%
Commodities	-511.90	139,890.88	-0.37%
Currency	55.50	1,941.79	2.86%
Leveraged	758.16	61,285.23	1.24%
Inverse	3,952.28	11,730.93	33.69%
Asset Allocation	2,069.17	16,348.42	12.66%
Alternatives	2,111.76	6,417.57	32.91%
Total:	471,812.51	6,523,061.37	7.23%

June 2021 ETF Issuer League Table

Issuer	Net Flows ($,M)	AUM ($,M)	% of AUM	YTD 2021 Net Flows($,M)
Blackrock	17,795.92	2,299,593.61	0.77%	94,250.23
Vanguard	27,604.65	1,843,092.90	1.50%	173,831.69
State Street Global Advisors	5,889.35	979,199.00	0.60%	39,718.74
Invesco	8,037.16	361,324.78	2.22%	31,383.93
Charles Schwab	3,201.08	245,244.91	1.31%	22,562.01
First Trust	2,535.16	135,573.39	1.87%	14,168.51
JPMorgan Chase	1,697.07	65,596.00	2.59%	16,835.11
VanEck	2,800.40	62,111.28	4.51%	7,554.38
ProShares	-465.94	57,447.73	-0.81%	4,421.32
ARK	1,121.15	50,421.73	2.22%	16,417.50
WisdomTree	296.50	45,128.07	0.66%	2,450.99
Mirae Asset Global Investments Co., Ltd.	1,229.99	34,706.08	3.54%	11,969.97
Dimensional Holdings	375.33	30,386.64	1.24%	1,364.31
Fidelity	432.79	29,772.20	1.45%	3,026.40
Allianz	-59.32	26,794.30	-0.22%	848.06
Direxion	-193.65	26,041.15	-0.74%	1,476.24
Goldman Sachs	470.12	23,869.35	1.97%	-344.92
Deutsche Bank	520.95	22,427.92	2.32%	878.40
Northern Trust	286.03	18,361.97	1.56%	2,440.49
CICC	880.45	11,098.61	7.93%	5,248.33
Franklin Templeton	-35.20	9,464.33	-0.37%	356.99
SS&C	-11.22	9,450.71	-0.12%	243.30
ETFMG	6.65	7,618.38	0.09%	1,401.00
Pacer Advisors	193.27	7,517.81	2.57%	993.91
American Century Investments	380.54	7,125.08	5.34%	2,640.22
Exchange Traded Concepts	190.04	7,085.72	2.68%	1,234.71
Standard Life Aberdeen	195.98	6,980.07	2.81%	704.00
Crestview	97.94	6,514.40	1.50%	207.24
Innovator	39.51	5,240.32	0.75%	903.67
Principal	116.95	5,213.85	2.24%	867.94
Manulife	35.24	4,979.05	0.71%	-681.20
Amplify Investments	113.48	4,664.40	2.43%	1,214.57
Concierge Technologies	-375.62	4,511.19	-8.33%	-2,108.90
New York Life	-55.79	4,377.86	-1.27%	306.33
Nuveen Securities	244.16	4,119.97	5.93%	1,107.46
Janus Henderson	-71.55	4,087.55	-1.75%	155.98
The Hartford	53.49	4,047.36	1.32%	145.17
US Global Investors	33.59	3,700.83	0.91%	499.16
BMO	34.17	3,244.70	1.05%	345.33
Barclays	62.19	3,063.52	2.03%	1,289.75
Toroso Investments	-70.13	2,274.35	-3.08%	639.56
AdvisorShares	-25.54	2,214.49	-1.15%	1,233.90
Prudential	122.21	1,762.44	6.93%	383.85
Ameriprise Financial	36.30	1,607.33	2.26%	324.60
O’Shares Investments	0.41	1,588.61	0.03%	10.96
Defiance ETFs	32.44	1,513.55	2.14%	376.54
Vident	-1.21	1,491.04	-0.08%	-22.49
GraniteShares	-49.10	1,450.30	-3.39%	140.20
Davis Advisers	17.40	1,334.74	1.30%	108.59
Aptus Capital Advisors	87.59	1,312.61	6.67%	273.75
UBS	-5.03	1,271.11	-0.40%	-49.53
Virtus Investment Partners	71.87	1,248.53	5.76%	249.15
Cambria	5.96	1,096.12	0.54%	207.89
Credit Suisse Group AG	89.53	1,023.26	8.75%	239.20
Inspire	34.91	1,000.06	3.49%	168.40
Main Management	20.28	980.36	2.07%	211.40
EMPIRICAL FINANCE LLC	7.32	959.91	0.76%	236.09
The Bank of New York Mellon Corp.	23.90	845.18	2.83%	282.14
Aegon	-1.15	802.74	-0.14%	-31.12
Nationwide	59.09	765.63	7.72%	230.45
Rational Capital LLC	115.61	738.98	15.64%	503.94
Renaissance Capital	38.04	674.16	5.64%	-91.10
The Motley Fool	2.86	667.47	0.43%	60.05
Horizon Kinetics LLC	87.30	628.15	13.90%	597.16
Roundhill Investments	-19.40	568.08	-3.41%	254.47
Tortoise	8.01	553.45	1.45%	43.08
Simplify Asset Management Inc.	129.19	518.38	24.92%	373.97
Timothy Plan	12.29	472.26	2.60%	29.55
Merk	6.96	463.99	1.50%	57.27
TrimTabs	-14.99	432.95	-3.46%	25.90
Redwood Investment Management	70.22	419.80	16.73%	-36.68
Howard Capital Management	14.48	404.26	3.58%	59.82
SRN Advisors	-6.36	392.84	-1.62%	70.94
Liquid Strategies	-1.39	381.56	-0.36%	66.51
Distillate Capital	13.74	378.91	3.63%	119.10
Sprott	0.00	362.92	0.00%	18.15
Al Marketing LLC	-5.96	354.40	-1.68%	-38.79
Teucrium	-41.77	347.52	-12.02%	-30.69
T. Rowe Price Group, Inc.	37.43	346.67	10.80%	149.84
Regents Park Funds	7.13	339.03	2.10%	64.36
ClearShares LLC	56.66	336.45	16.84%	86.24
WBI	0.00	294.14	0.00%	-0.55
Government of Sweden	-5.40	289.85	-1.86%	8.93
ProFund Advisors LLC	14.73	275.52	5.35%	252.50
Donald L. Hagan LLC	21.23	254.83	8.33%	90.72
Tuttle Tactical Management, LLC	-2.12	250.24	-0.85%	90.81
Mcivy Co. LLC	0.00	232.44	0.00%	116.87
Intangible Capital	-0.02	193.84	-0.01%	2.47
Syntax Advisors	26.64	190.45	13.99%	48.05
Capital Impact Advisors	-1.92	187.01	-1.03%	-4.53
Core Alternative Capital	5.98	184.60	3.24%	40.61
Little Harbor Advisors	14.21	171.88	8.27%	104.10
TrueMark Investments	12.37	147.98	8.36%	69.91
ProcureAM	0.71	135.25	0.52%	78.13
Arrow Funds	-3.16	135.11	-2.34%	3.22
Gadsden	0.71	117.82	0.60%	16.55
Wahed	3.65	116.52	3.13%	39.16
Emles Advisors LLC	68.97	111.95	61.61%	43.06
Kingsview Partners LLC	10.49	107.95	9.71%	100.58
AGF	1.69	106.87	1.58%	-15.92
Wainwright, Inc.	5.91	106.78	5.53%	90.25
CornerCap Investment Counsel, Inc.	1.52	103.05	1.47%	28.60
Advisors Asset Management	22.99	96.11	23.93%	46.63
Humankind USA LLC	13.71	85.08	16.11%	77.56
Exponential ETFs	0.00	78.62	0.00%	-0.08
iM Square SAS	4.29	75.72	5.67%	16.22
Change Finance	4.84	74.34	6.51%	33.35
Pettee Investors	3.00	74.29	4.03%	21.78
Groupe BPCE	2.52	67.10	3.76%	12.67
Impact Shares	6.35	66.91	9.49%	25.54
Metaurus Advisors	2.48	65.26	3.79%	5.93
Swan Global Investments	8.41	58.46	14.38%	54.57
Pacific Life	0.00	57.34	0.00%	-0.11
Beyond Investing	0.00	57.29	-0.01%	14.62
Guinness Atkinson Asset Management	0.00	54.60	0.00%	15.08
Neil Azous Revocable Trust	12.44	52.28	23.80%	30.09
Esoterica	0.00	52.26	0.00%	27.83
Absolute Investment Advisers LLC	2.07	49.64	4.17%	9.16
Infusive Asset Management	1.76	47.77	3.69%	8.53
Toews Corp.	0.77	43.89	1.76%	-5.61
Highland Capital Management	-0.01	43.58	-0.03%	-9.78
Premise Capital	0.00	40.38	0.00%	-13.27
Cabot ETF Partners LLC	0.00	38.33	0.00%	33.96
Alger Group Holdings LLC	0.76	38.28	1.98%	30.41
Rayliant Investment Research	18.53	35.92	51.60%	33.47
Red Gate Advisers LLC	0.39	34.99	1.11%	5.39
ETF Series Solutions	0.74	32.29	2.28%	4.58
Inverdale Capital Management LLC	2.70	30.61	8.81%	24.37
2nd Vote Value Investments, Inc	5.45	29.05	18.76%	22.18
AlphaMark Advisors	0.00	26.79	0.00%	-1.41
MCCM Group LLC	0.41	26.18	1.56%	34.51
Whitford Asset Management	0.00	23.58	0.00%	20.07
Truist	0.73	23.46	3.12%	0.83
Formidable Asset Management	5.17	23.34	22.14%	22.00
Uncommon Investment Advisors LLC	15.45	20.00	77.24%	19.20
Changebridge Capital LLC	1.10	17.84	6.15%	10.88
The Leuthold Group LLC	0.00	15.09	0.02%	1.43
GAMCO Investors, Inc.	0.00	13.74	0.00%	7.27
Ridgeline Research LLC	3.16	13.68	23.10%	9.93
Point Bridge Capital	0.92	12.60	7.31%	1.00
Mairs & Power, Inc.	1.52	12.60	12.07%	12.53
Counterpoint Mutual Funds LLC	0.60	12.14	4.96%	-0.60
EquBot	0.00	11.73	0.00%	4.82
Alternative Access Funds LLC	0.00	10.03	0.00%	0.00
Tuttle Capital Management LLC	3.85	7.81	49.28%	2.63
New Age Alpha Advisors LLC	-1.44	7.47	-19.33%	5.49
Water Island Capital Partners LP	0.00	6.55	0.01%	0.00
Global Beta Advisors	0.00	5.10	-0.02%	-2.99
Reflection Asset Management, LLC	0.70	4.12	16.93%	1.29
Applied Finance Group	0.00	3.83	0.00%	2.49
ASYMmetric ETFs	0.80	3.28	24.56%	3.10
Democracy Investment Management LLC	0.68	1.99	34.03%	1.32
Wilshire Phoenix Funds LLC	0.00	1.77	0.00%	0.00
WisdomTree Investments, Inc.	0.00	1.05	-0.01%	0.00
Cavalier16	0.00	0.00	0.00%	3.19
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.

Dan Mika

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.

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Equities Lead As June Inflows Top $77B

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