ETFs Add $77B In October

Nov 01, 2021

Reviewed by: Dan Mika

Edited by: Dan Mika

Inflows into U.S.-based ETFs in October amounted to $76.9 billion during the month, making it the third-largest inflow month in the year so far, and just $100 million shy of June for second.

The nearly 30% gain from September is primarily from a rebound in U.S. equity investing, which jumped from $25.5 billion worth of inflows in September to $51.2 billion last month, according to ETF.com data provider FactSet.

The U.S. ETF industry had $6.9 trillion in assets under management as of Oct. 29, placing it within reach of the $7 trillion mark in early November.

Broad Equities, Inflation Play Lead Gainers

U.S. equity funds recovered from a shaky September for stocks to occupy the majority of the top 10 ETFs by inflow for September. Several early beats in the third-quarter earnings season drove the S&P 500 past 4,600 points for the first time in its history, and the Dow Jones Industrial Average sat just below the 36,000 mark in the waning sessions of the month.

The iShares Core S&P 500 ETF (IVV) was a zero-to-hero leader, going from having the largest outflow in September at almost $3.1 billion to gaining a whopping $9.1 billion in October. That figure is enough to account for nearly 44% of IVV’s entire year-to-date inflows. The Invesco QQQ Trust (QQQ) was a distant second, with just shy of $4.3 billion in inflows.

Other broad funds that appeared in the month’s top 10 include the SPDR S&P 500 ETF Trust (SPY), the Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI), which gained a combined $10.2 billion.

Inflation-protected Treasury funds also gained as a sector during the month, as warnings continue to pile up over a snarled supply chain heading into the holiday season, along with shortages of various forms of energy.

The iShares TIPS Bond ETF (TIP) gained $1.9 billion on the month, while the Schwab U.S. TIPS ETF (SCHP) gained $1.4 billion.

Bonds Sell Off

Fixed income funds saw the largest outflows on the month, as investors retook risk-on positions and feared that inflation would cut further into bottom-scraping yields.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) lost $2.9 billion in assets during the month, followed by the iShares 20+ Year Treasury Bond ETF (TLT) , with losses of $1.8 billion and the iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) with $1.4 billion lost.

A handful of sector-specific ETFs also suffered outflows. The iShares U.S. Real Estate ETF (IYR) lost $574 million, while the iShares Global Tech ETF (IXN) dropped $557 million and the Industrial Select Sector SPDR Fund (XLI) lost $549 million.

XLI was likely affected by ongoing fears of supply chain issuer, while IYR investors may have been looking to get out of their real estate exposures ahead of the usually mum winter selling season and a potential Federal Reserve rate hike announcement.

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

Top Gainers (October 2021)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	YTD 2021 Net Flows($,M)
IVV	iShares Core S&P 500 ETF	Blackrock	9,119.51	315,543.91	2.89%	21,029.04
QQQ	Invesco QQQ Trust	Invesco	4,260.19	200,420.28	2.13%	13,928.85
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	3,965.20	416,428.26	0.95%	14,418.11
VOO	Vanguard S&P 500 ETF	Vanguard	3,834.17	267,483.86	1.43%	44,306.45
VTI	Vanguard Total Stock Market ETF	Vanguard	2,441.59	282,562.07	0.86%	34,121.58
IEFA	iShares Core MSCI EAFE ETF	Blackrock	2,134.15	104,012.93	2.05%	10,507.67
TIP	iShares TIPS Bond ETF	Blackrock	1,897.95	35,841.17	5.30%	9,174.73
NUGO	Nuveen Growth Opportunities ETF	Nuveen Securities	1,636.44	1,677.91	97.53%	1,636.44
XLF	Financial Select Sector SPDR Fund	State Street Global Advisors	1,447.61	45,525.93	3.18%	9,636.46
SCHP	Schwab U.S. TIPS ETF	Charles Schwab	1,440.11	21,428.28	6.72%	7,020.54

Top Gainers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	October 2021 Net Flows($,M)
VOO	Vanguard S&P 500 ETF	Vanguard	44,306.45	267,483.86	16.56%	3,834.17
VTI	Vanguard Total Stock Market ETF	Vanguard	34,121.58	282,562.07	12.08%	2,441.59
IVV	iShares Core S&P 500 ETF	Blackrock	21,029.04	315,543.91	6.66%	9,119.51
BND	Vanguard Total Bond Market ETF	Vanguard	17,103.33	83,001.26	20.61%	1,185.89
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	14,418.11	416,428.26	3.46%	3,965.20
QQQ	Invesco QQQ Trust	Invesco	13,928.85	200,420.28	6.95%	4,260.19
BSV	Vanguard Short-Term Bond ETF	Vanguard	13,686.25	42,632.14	32.10%	711.22
VTV	Vanguard Value ETF	Vanguard	13,550.68	88,393.01	15.33%	1,062.64
IEMG	iShares Core MSCI Emerging Markets ETF	Blackrock	10,719.76	80,272.64	13.35%	0.00
IEFA	iShares Core MSCI EAFE ETF	Blackrock	10,507.67	104,012.93	10.10%	2,134.15

Biggest Losers (October 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	-2,917.16	37,903.46	-7.70%	-15,507.00
TLT	iShares 20+ Year Treasury Bond ETF	Blackrock	-1,862.85	15,243.40	-12.22%	-2,422.00
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Blackrock	-1,460.18	23,596.06	-6.19%	1,659.72
BBJP	JPMorgan BetaBuilders Japan ETF	JPMorgan Chase	-967.44	8,002.81	-12.09%	1,532.64
PDP	Invesco DWA Momentum ETF	Invesco	-645.62	1,865.14	-34.61%	-690.95
IYR	iShares U.S. Real Estate ETF	Blackrock	-574.18	7,330.02	-7.83%	610.58
IXN	iShares Global Tech ETF	Blackrock	-557.38	5,552.61	-10.04%	-383.01
XLI	Industrial Select Sector SPDR Fund	State Street Global Advisors	-549.36	17,833.61	-3.08%	-1,341.88
FAS	Direxion Daily Financial Bull 3x Shares	Direxion	-519.07	3,643.71	-14.25%	-1,076.10
TQQQ	ProShares UltraPro QQQ	ProShares	-484.02	17,122.40	-2.83%	1,188.32

Biggest Losers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	October 2021 Net Flows($,M)
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	Blackrock	-15,507.00	37,903.46	-40.91%	-2,917.16
GLD	SPDR Gold Trust	State Street Global Advisors	-10,482.47	56,931.49	-18.41%	-426.86
USMV	iShares MSCI USA Min Vol Factor ETF	Blackrock	-7,969.48	29,090.12	-27.40%	732.34
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-5,715.61	20,052.35	-28.50%	770.15
SHV	iShares Short Treasury Bond ETF	Blackrock	-4,200.19	13,622.57	-30.83%	-361.20
JNK	SPDR Bloomberg High Yield Bond ETF	State Street Global Advisors	-3,991.67	8,528.93	-46.80%	-456.14
EFAV	iShares MSCI EAFE Min Vol Factor ETF	Blackrock	-2,728.06	8,339.83	-32.71%	-67.99
USO	United States Oil Fund LP	Concierge Technologies	-2,621.31	2,739.03	-95.70%	-98.20
TLT	iShares 20+ Year Treasury Bond ETF	Blackrock	-2,422.00	15,243.40	-15.89%	-1,862.85
XLP	Consumer Staples Select Sector SPDR Fund	State Street Global Advisors	-2,008.62	11,792.49	-17.03%	-408.19

Asset Classes (October 2021)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	51,225.99	4,168,658.43	1.23%
International Equity	10,084.17	1,323,105.36	0.76%
U.S. Fixed Income	12,905.41	1,095,280.85	1.18%
International Fixed Income	980.93	149,475.52	0.66%
Commodities	542.34	140,771.43	0.39%
Currency	1,321.95	3,140.70	42.09%
Leveraged	-1,633.28	69,494.52	-2.35%
Inverse	556.36	12,541.61	4.44%
Asset Allocation	434.99	19,287.96	2.26%
Alternatives	474.75	7,061.44	6.72%
Total:	76,893.61	6,988,817.83	1.10%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	357,785.74	4,168,658.43	8.58%
International Equity	181,551.73	1,323,105.36	13.72%
U.S. Fixed Income	143,250.81	1,095,280.85	13.08%
International Fixed Income	29,725.63	149,475.52	19.89%
Commodities	-3,535.58	140,771.43	-2.51%
Currency	1,339.71	3,140.70	42.66%
Leveraged	1,853.10	69,494.52	2.67%
Inverse	6,245.25	12,541.61	49.80%
Asset Allocation	4,542.58	19,287.96	23.55%
Alternatives	3,166.29	7,061.44	44.84%
Total:	725,925.27	6,988,817.83	10.39%

October 2021 ETF Issuer League Table

Issuer	Net Flows ($,M)	AUM ($,M)	% of AUM	YTD 2021 Net Flows($,M)
Blackrock	20,559.97	2,410,769.14	0.85%	151,570.10
Vanguard	21,213.94	2,011,458.95	1.05%	275,034.52
State Street Global Advisors	8,704.57	1,052,376.64	0.83%	62,510.37
Invesco	7,818.52	394,434.90	1.98%	44,257.40
Charles Schwab	4,577.98	266,998.53	1.71%	36,415.51
First Trust	2,367.52	146,028.53	1.62%	21,030.47
JPMorgan Chase	42.88	70,659.36	0.06%	20,865.48
ProShares	1,579.02	66,207.84	2.38%	9,996.98
VanEck	409.49	62,811.58	0.65%	8,342.59
WisdomTree	1,095.28	47,085.13	2.33%	4,232.29
Mirae Asset Global Investments Co., Ltd.	1,656.39	41,947.27	3.95%	17,549.81
ARK	-200.91	41,681.08	-0.48%	11,458.80
Dimensional Holdings	506.72	33,721.77	1.50%	3,117.76
Fidelity	27.68	32,505.03	0.09%	4,045.25
Direxion	-1,290.53	27,256.59	-4.73%	491.06
Allianz	-260.49	27,214.67	-0.96%	1,275.76
Goldman Sachs	260.96	26,238.63	0.99%	1,059.20
Deutsche Bank	3.36	23,679.00	0.01%	2,049.32
Northern Trust	130.75	19,390.61	0.67%	2,978.44
CICC	1,728.36	15,360.28	11.25%	11,294.45
Franklin Templeton	227.99	9,642.47	2.36%	557.25
SS&C	150.94	9,409.71	1.60%	196.56
Pacer Advisors	384.98	9,195.73	4.19%	2,413.10
American Century Investments	479.21	8,751.26	5.48%	3,986.20
Exchange Traded Concepts	224.81	8,215.62	2.74%	2,311.06
ETFMG	44.71	6,966.62	0.64%	1,342.31
Abrdn Plc	81.69	6,955.73	1.17%	846.75
Crestview	142.56	6,901.51	2.07%	1,240.89
Nuveen Securities	1,830.04	6,779.93	26.99%	3,522.96
Principal	725.25	6,293.66	11.52%	1,805.12
Innovator	115.50	5,861.59	1.97%	1,399.24
Manulife	29.30	5,312.34	0.55%	-527.19
Amplify Investments	77.62	4,866.22	1.60%	1,413.50
New York Life	-55.25	4,592.81	-1.20%	437.00
Janus Henderson	121.29	4,493.95	2.70%	497.91
Concierge Technologies	26.56	4,313.70	0.62%	-2,901.44
The Hartford	51.22	4,238.92	1.21%	319.22
BMO	95.41	4,051.02	2.36%	710.66
US Global Investors	-108.54	3,511.65	-3.09%	590.08
Barclays	385.12	3,467.38	11.11%	1,825.35
Toroso Investments	-27.66	2,728.11	-1.01%	994.91
Prudential	28.92	2,095.43	1.38%	763.80
AdvisorShares	0.22	1,982.88	0.01%	1,408.21
Ameriprise Financial	11.96	1,701.85	0.70%	438.09
Aptus Capital Advisors	14.53	1,672.52	0.87%	608.80
Defiance ETFs	18.53	1,577.49	1.17%	445.55
O’Shares Investments	-29.50	1,542.89	-1.91%	-51.21
Vident	4.84	1,481.67	0.33%	-34.92
GraniteShares	-139.00	1,418.92	-9.80%	49.22
Virtus Investment Partners	25.30	1,389.01	1.82%	382.42
Rational Capital LLC	90.97	1,332.31	6.83%	1,081.52
UBS	0.00	1,312.23	0.00%	-72.68
Davis Advisers	-6.55	1,279.80	-0.51%	108.48
The Bank of New York Mellon Corp.	82.84	1,137.53	7.28%	524.31
Nationwide	80.30	1,136.50	7.07%	596.85
Cambria	19.65	1,135.80	1.73%	269.44
Inspire	20.20	1,114.67	1.81%	251.57
Main Management	5.59	1,080.79	0.52%	264.08
Credit Suisse Group AG	-8.73	1,073.97	-0.81%	275.47
EMPIRICAL FINANCE LLC	14.50	1,037.75	1.40%	299.13
Horizon Kinetics LLC	148.19	892.74	16.60%	822.41
Simplify Asset Management Inc.	73.35	846.74	8.66%	654.28
Aegon	0.00	816.70	0.00%	-45.90
The Motley Fool	-5.79	724.41	-0.80%	77.20
Roundhill Investments	13.27	628.67	2.11%	341.44
Howard Capital Management	32.20	625.04	5.15%	227.12
Merk	13.87	576.68	2.41%	156.02
T. Rowe Price Group, Inc.	21.64	544.22	3.98%	253.09
Renaissance Capital	-20.66	532.02	-3.88%	-237.88
Tortoise	15.59	529.14	2.95%	-0.48
Timothy Plan	3.01	519.11	0.58%	53.19
Redwood Investment Management	-7.26	510.65	-1.42%	46.56
TrimTabs	9.10	465.01	1.96%	38.88
Distillate Capital	38.12	456.06	8.36%	183.59
Liquid Strategies	11.18	441.90	2.53%	117.07
SRN Advisors	5.08	388.30	1.31%	54.88
Regents Park Funds	15.84	380.10	4.17%	96.91
ClearShares LLC	9.95	362.23	2.75%	109.41
Sprott	0.00	358.60	0.00%	17.90
Donald L. Hagan LLC	28.90	346.21	8.35%	159.79
Al Marketing LLC	-5.21	333.14	-1.56%	-62.26
Little Harbor Advisors	60.52	322.21	18.78%	246.29
ProFund Advisors LLC	23.71	314.60	7.54%	385.78
Government of Sweden	0.58	300.22	0.19%	-11.67
Teucrium	3.81	289.66	1.32%	-108.47
WBI	0.00	287.87	0.00%	-6.79
Core Alternative Capital	10.33	240.45	4.30%	92.90
Cavalier16	8.56	213.65	4.01%	54.13
Mcivy Co. LLC	4.90	204.89	2.39%	131.09
Intangible Capital	0.08	201.62	0.04%	5.02
Syntax Advisors	1.67	198.76	0.84%	49.75
TrueMark Investments	6.01	189.22	3.18%	104.38
Capital Impact Advisors	0.11	185.79	0.06%	-7.03
Impact Shares	9.61	178.64	5.38%	133.53
Advisors Asset Management	13.59	157.33	8.64%	108.64
Wahed	2.90	155.90	1.86%	68.31
Arrow Funds	-1.04	139.13	-0.75%	5.99
Swan Global Investments	12.76	133.67	9.55%	124.47
Wainwright, Inc.	12.11	132.11	9.17%	106.63
Tuttle Tactical Management, LLC	-13.97	126.18	-11.07%	-17.49
Gadsden	1.27	121.32	1.04%	20.70
ProcureAM	-3.88	120.05	-3.23%	66.38
Kingsview Partners LLC	-3.97	112.16	-3.54%	102.18
AGF	1.77	107.83	1.64%	-13.61
CornerCap Investment Counsel, Inc.	0.00	106.03	0.00%	28.06
Humankind USA LLC	6.93	105.79	6.55%	94.52
Change Finance	5.03	101.42	4.96%	57.02
Emles Advisors LLC	3.44	95.44	3.60%	28.08
Pettee Investors	6.57	91.79	7.16%	34.51
Neil Azous Revocable Trust	0.69	87.95	0.78%	67.01
Exponential ETFs	-1.48	82.01	-1.80%	-0.27
Beyond Investing	2.09	69.96	2.98%	22.76
Metaurus Advisors	-4.26	67.85	-6.28%	6.65
Groupe BPCE	1.60	67.09	2.38%	11.22
Alger Group Holdings LLC	3.52	59.14	5.95%	45.27
Guinness Atkinson Asset Management	0.71	54.87	1.30%	13.72
Toews Corp.	3.72	54.68	6.80%	5.52
Absolute Investment Advisers LLC	1.39	53.28	2.61%	11.92
Valkyrie Funds LLC	53.28	52.98	100.56%	53.28
RBS Securities	46.75	48.11	97.19%	46.75
Alexis Investment Partners LLC	2.03	46.56	4.36%	27.34
Esoterica	0.00	45.90	0.00%	17.77
Infusive Asset Management	0.00	43.57	0.00%	6.84
Premise Capital	0.00	40.78	0.00%	-14.10
Formidable Asset Management	0.00	40.43	0.00%	39.67
Rayliant Investment Research	0.01	40.20	0.02%	40.69
2nd Vote Value Investments, Inc	0.00	39.60	0.00%	30.41
Highland Capital Management	0.02	38.48	0.05%	-14.60
ETF Series Solutions	-2.89	38.29	-7.55%	8.12
Red Gate Advisers LLC	-0.17	37.43	-0.46%	6.10
Power Corporation of Canada	0.00	37.21	0.00%	4.72
Pacific Life	4.89	36.72	13.32%	7.33
Inverdale Capital Management LLC	-1.80	36.66	-4.90%	29.70
New Age Alpha Advisors LLC	3.09	33.87	9.13%	30.40
Ridgeline Research LLC	1.66	30.82	5.39%	25.58
Uncommon Investment Advisors LLC	3.96	29.42	13.45%	27.84
Truist	2.32	29.05	7.97%	4.69
Charger Corp.	19.47	27.60	70.55%	26.20
AlphaMark Advisors	0.00	26.80	0.00%	-1.41
Cabot ETF Partners LLC	0.00	25.62	0.00%	32.34
Knights of Columbus	0.00	23.63	0.00%	23.13
Mairs & Power, Inc.	3.48	18.42	18.90%	18.55
MCCM Group LLC	-0.43	18.26	-2.37%	29.97
ASYMmetric ETFs	2.49	17.95	13.85%	17.23
Changebridge Capital LLC	0.00	17.88	0.00%	10.96
The Leuthold Group LLC	0.75	16.36	4.59%	2.18
GAMCO Investors, Inc.	0.29	15.10	1.92%	7.84
Point Bridge Capital	-0.97	13.51	-7.15%	0.97
Future Fund Advisors	0.98	13.39	7.31%	12.59
EquBot	0.00	11.79	0.00%	4.82
Cohanzick Management	4.40	10.32	42.62%	10.20
Alternative Access Funds LLC	0.00	10.03	0.00%	0.00
Whitford Asset Management	0.00	9.79	0.02%	5.85
Counterpoint Mutual Funds LLC	0.00	8.99	0.00%	-3.60
Applied Finance Group	-6.50	8.78	-74.00%	7.34
Jacob Asset Management	0.00	8.18	0.00%	7.47
Water Island Capital Partners LP	0.00	7.89	0.00%	1.29
Reflection Asset Management, LLC	2.14	7.23	29.58%	4.16
Global Beta Advisors	0.00	5.03	0.00%	-2.97
Banhazl	1.06	4.74	22.42%	1.34
Spear Advisors LLC	0.00	4.34	0.00%	4.05
Democracy Investment Management LLC	0.00	3.99	0.00%	3.28
Lifegoal Investments LLC	0.24	3.23	7.46%	1.98
Zacks Investment Management	0.63	2.66	23.80%	2.60
Lyrical Partners	1.90	2.59	73.38%	1.90
Wilshire Phoenix Funds LLC	0.00	1.79	0.00%	0.00
Chadds Ford Investment Management LLC	0.00	0.74	0.00%	0.75
Litman Gregory Capital Partners LLC	0.00	0.00	0.00%	20.26
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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