Sept. ETF Inflows Solid Despite Stock Pullback

October 01, 2020

U.S. stocks posted their first monthly decline since March in September, but investors weren't fazed. The S&P 500 shed 3.8% during the month, but investors still added a net $35.2 billion to U.S.-listed ETFs, including $11 billion into U.S. equity ETFs specifically. 

Year-to-date inflows stood at $318.1 billion at the end of September after reaching $332.5 billion mid-month, briefly topping 2019's full-year inflows of $326.3 billion, the second-largest annual inflow on record. At the end of September 2019, year-to-date inflows stood at $195.8 billion. 

At the current pace, 2020's inflows are on track for around $425 billion, just shy of the record annual haul of $476.1 billion from 2017.

Flows Winners 

September's inflows were split pretty evenly between the asset classes. U.S. equity ETFs took in $11 billion, international equity ETFs gathered almost $8 billion, and U.S. fixed income ETFs picked up around $8.8 billion.

Topping the monthly inflows list were the iShares Core S&P 500 ETF (IVV), the Vanguard Total Stock Market ETF (VTI) and the Vanguard S&P 500 ETF (VOO).

For the year as a whole, VOO, VTI and the SPDR Gold Trust (GLD) are leading the way, each with more than $18 billion of inflows. 

Selling In 'HYG'

On the other side of the ledger, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the Technology Select Sector SPDR Fund (XLK) and the Financial Select Sector SPDR Fund (XLF) faced the largest redemptions in September.

For the year as a whole, the SPDR S&P 500 ETF Trust (SPY) has seen by far the largest outflows—$24.1 billion. The iShares MSCI EAFE ETF (EFA) and the iShares Core MSCI Emerging Markets ETF (IEMG) follow suit, with year-to-date outflows of $10.2 billion and $5.8 billion, respectively.

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

 

Top Gainers (September 2020)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2020 Net Flows($,M)
IVV iShares Core S&P 500 ETF Blackrock 3,736.22 212,989.67 1.75% 7,472.46
VTI Vanguard Total Stock Market ETF Vanguard 3,554.60 161,982.55 2.19% 18,079.83
VOO Vanguard S&P 500 ETF Vanguard 2,618.79 160,023.79 1.64% 23,608.45
VXUS Vanguard Total International Stock ETF Vanguard 2,279.17 26,218.78 8.69% 8,477.44
TQQQ ProShares UltraPro QQQ ProShares 2,104.44 8,611.63 24.44% 1,789.94
AGG iShares Core U.S. Aggregate Bond ETF Blackrock 1,985.98 80,921.28 2.45% 8,112.11
QQQ Invesco QQQ Trust Invesco 1,911.60 133,384.59 1.43% 16,034.99
BND Vanguard Total Bond Market ETF Vanguard 1,847.51 62,384.22 2.96% 11,291.03
BNDX Vanguard Total International Bond ETF Vanguard 1,833.77 32,425.98 5.66% 7,289.79
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 1,195.70 292,966.86 0.41% -24,156.10

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM September 2020 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 23,608.45 160,023.79 14.75% 2,618.79
GLD SPDR Gold Trust State Street Global Advisors 20,935.89 76,833.19 27.25% 1,115.98
VTI Vanguard Total Stock Market ETF Vanguard 18,079.83 161,982.55 11.16% 3,554.60
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock 16,402.83 55,311.68 29.66% -878.19
QQQ Invesco QQQ Trust Invesco 16,034.99 133,384.59 12.02% 1,911.60
VCIT Vanguard Intermediate-Term Corporate Bond ETF Vanguard 11,558.69 38,794.83 29.79% 155.34
BND Vanguard Total Bond Market ETF Vanguard 11,291.03 62,384.22 18.10% 1,847.51
IAU iShares Gold Trust Blackrock 9,028.57 31,378.32 28.77% 815.30
VXUS Vanguard Total International Stock ETF Vanguard 8,477.44 26,218.78 32.33% 2,279.17
AGG iShares Core U.S. Aggregate Bond ETF Blackrock 8,112.11 80,921.28 10.02% 1,985.98

 

Biggest Losers (September 2020)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2020 Net Flows($,M)
HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock -5,135.49 25,628.27 -20.04% 6,768.24
XLK Technology Select Sector SPDR Fund State Street Global Advisors -1,264.81 33,835.51 -3.74% 630.23
XLF Financial Select Sector SPDR Fund State Street Global Advisors -1,224.64 16,457.89 -7.44% -2,619.16
JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -980.66 12,094.93 -8.11% 620.10
IWM iShares Russell 2000 ETF Blackrock -926.29 38,638.23 -2.40% -4,511.90
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock -878.19 55,311.68 -1.59% 16,402.83
XLU Utilities Select Sector SPDR Fund State Street Global Advisors -783.82 11,308.95 -6.93% 1,639.20
IWF iShares Russell 1000 Growth ETF Blackrock -741.23 57,799.25 -1.28% -2,932.17
SLV iShares Silver Trust Blackrock -660.78 13,082.87 -5.05% 3,032.02
IWB iShares Russell 1000 ETF Blackrock -555.70 23,114.75 -2.40% -297.48

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM September 2020 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -24,156.10 292,966.86 -8.25% 1,195.70
EFA iShares MSCI EAFE ETF Blackrock -10,244.62 47,660.19 -21.50% -150.44
IEMG iShares Core MSCI Emerging Markets ETF Blackrock -5,762.31 52,842.61 -10.90% -281.13
EEM iShares MSCI Emerging Markets ETF Blackrock -4,977.81 23,336.72 -21.33% 0.00
IWM iShares Russell 2000 ETF Blackrock -4,511.90 38,638.23 -11.68% -926.29
IJH iShares Core S&P Mid-Cap ETF Blackrock -4,244.99 43,167.55 -9.83% -171.33
FLOT iShares Floating Rate Bond ETF Blackrock -3,963.83 5,690.18 -69.66% -96.30
VWO Vanguard FTSE Emerging Markets ETF Vanguard -3,911.08 59,314.78 -6.59% 7.73
EWJ iShares MSCI Japan ETF Blackrock -3,879.40 9,940.25 -39.03% -231.81
VNQ Vanguard Real Estate ETF Vanguard -3,255.45 27,583.00 -11.80% -387.51

 

Asset Classes (September 2020)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 11,004.97 2,616,760.65 0.42%
International Equity 7,954.83 857,723.99 0.93%
U.S. Fixed Income 8,797.80 921,679.12 0.95%
International Fixed Income 3,260.00 109,180.44 2.99%
Commodities 1,392.82 146,080.12 0.95%
Currency 314.17 2,204.04 14.25%
Leveraged 1,912.31 37,050.19 5.16%
Inverse -739.05 14,135.44 -5.23%
Asset Allocation 1,213.13 11,904.19 10.19%
Alternatives 45.16 5,117.38 0.88%
Total: 35,156.14 4,721,835.56 0.74%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 85,327.80 2,616,760.65 3.26%
International Equity 14,109.03 857,723.99 1.64%
U.S. Fixed Income 140,595.41 921,679.12 15.25%
International Fixed Income 13,477.85 109,180.44 12.34%
Commodities 45,630.86 146,080.12 31.24%
Currency 885.02 2,204.04 40.15%
Leveraged 3,323.36 37,050.19 8.97%
Inverse 12,892.32 14,135.44 91.21%
Asset Allocation 2,044.62 11,904.19 17.18%
Alternatives -230.40 5,117.38 -4.50%
Total: 318,055.86 4,721,835.56 6.74%

 

September 2020 ETF Issuer League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2020 Net Flows($,M)
Blackrock 5,117.78 1,762,579.08 0.29% 68,544.54
Vanguard 19,395.36 1,284,109.46 1.51% 132,131.15
State Street Global Advisors -2,184.79 750,065.57 -0.29% 24,666.97
Invesco 2,009.99 255,523.78 0.79% 11,089.09
Charles Schwab 1,143.33 168,302.79 0.68% 8,226.06
First Trust 953.03 94,151.90 1.01% 8,009.24
VanEck 177.06 47,851.46 0.37% 888.33
ProShares 1,200.44 43,138.49 2.78% 14,972.20
JPMorgan Chase 881.17 39,391.07 2.24% 9,899.06
WisdomTree 443.48 33,223.72 1.33% -2,074.02
Allianz 230.45 24,137.84 0.95% 2,070.87
FMR LLC 342.79 19,520.47 1.76% 2,401.46
Goldman Sachs 284.83 19,307.65 1.48% 1,753.74
Deutsche Bank 453.29 17,504.97 2.59% 1,623.86
Direxion -284.25 15,617.26 -1.82% 6,345.52
ARK 1,318.90 15,058.36 8.76% 7,366.29
Mirae Asset 537.76 14,367.18 3.74% 3,052.09
Northern Trust -75.90 13,002.36 -0.58% -1,608.00
Franklin Templeton 185.12 7,984.56 2.32% 2,344.81
Aberdeen Standard Investments 80.85 5,937.62 1.36% 1,992.06
SS&C -23.54 5,586.53 -0.42% -1,602.54
Pacer Advisors -116.08 5,159.02 -2.25% 6.09
US Commodity Funds -188.46 5,099.20 -3.70% 5,644.95
Victory Capital 152.89 4,780.93 3.20% -202.03
Exchange Traded Concepts 1,136.94 4,669.07 24.35% 1,748.11
CICC 324.88 4,462.66 7.28% 961.79
John Hancock -16.01 4,289.31 -0.37% -133.08
ETFMG 112.87 3,893.85 2.90% 336.64
Innovator 144.82 3,643.54 3.97% 1,287.98
The Hartford 3.97 3,468.53 0.11% -344.43
Principal 9.52 3,467.00 0.27% 181.44
New York Life -39.74 3,246.12 -1.22% -16.11
Janus Henderson 224.10 3,168.20 7.07% 1,695.39
American Century Investments 45.24 2,675.14 1.69% 1,460.26
Barclays Capital Inc. 50.93 2,253.84 2.26% -1,475.74
Nuveen Securities -6.95 2,008.21 -0.35% 959.15
Amplify 55.71 1,987.59 2.80% 942.72
US Global Investors 196.57 1,761.02 11.16% 1,596.90
GraniteShares 0.14 1,454.96 0.01% 585.53
BMO 315.71 1,451.25 21.75% 571.28
Toroso Investments -1.17 1,243.24 -0.09% 697.74
Vident -9.71 1,229.35 -0.79% -252.33
Prudential 31.44 1,169.22 2.69% 287.10
O’Shares Investments 8.89 1,048.92 0.85% 226.67
UBS -9.28 938.67 -0.99% -2,758.79
Davis Advisers -1.30 889.67 -0.15% 150.70
AdvisorShares 26.12 867.62 3.01% 255.55
Columbia Management Investment Advisers, LLC 34.17 860.83 3.97% 188.16
Cambria 79.79 817.63 9.76% 244.83
Aptus Capital Advisors 40.14 796.87 5.04% 311.42
Transamerica Funds -17.66 701.29 -2.52% -49.43
Main Management -7.58 571.76 -1.33% 7.76
Inspire -4.41 570.25 -0.77% 109.85
Virtus Investment Partners 9.36 545.60 1.72% -181.89
Defiance ETFs 35.68 529.44 6.74% 314.94
EMPIRICAL FINANCE LLC 27.59 516.33 5.34% 76.46
Credit Suisse -36.39 490.65 -7.42% -1,563.24
Nationwide 15.14 446.25 3.39% 68.84
The Motley Fool 20.33 432.13 4.71% 80.12
Merk 24.51 399.45 6.13% 161.41
Sprott, Inc. 2.45 383.33 0.64% 45.88
Al Marketing LLC -16.64 372.16 -4.47% -34.18
Teucrium 78.45 347.63 22.57% 181.87
BNY Mellon 20.34 347.45 5.85% 107.48
WBI -13.70 330.11 -4.15% -106.97
Timothy Plan 0.93 329.18 0.28% 89.62
Tortoise 2.37 300.90 0.79% -55.87
Liquid Strategies 22.72 264.82 8.58% 143.73
Renaissance Capital 106.08 260.60 40.71% 178.25
AGF 1.11 242.58 0.46% 108.64
Regents Park Funds -45.36 239.29 -18.96% 140.93
ClearShares 0.00 230.30 0.00% 27.83
Howard Capital Management 1.30 228.60 0.57% 85.13
Reality Shares 23.95 206.64 11.59% 77.03
TrimTabs 0.00 191.74 0.00% 51.69
Swedish Export Credit 24.53 190.33 12.89% -31.38
Citigroup Inc -2.11 182.24 -1.16% 2.36
Distillate Capital 10.79 178.29 6.05% 107.76
Roundhill Investments 26.32 176.90 14.88% 131.17
EntrepreneurShares, LLC 0.00 174.03 0.00% 27.45
Intangible Capital 0.03 155.66 0.02% 1.34
Redwood Investment Management 14.25 151.83 9.39% 45.37
Tuttle Tactical Management, LLC -0.68 125.33 -0.55% 108.31
Core Alternative Capital -8.37 123.94 -6.75% 14.42
Donald L. Hagan LLC 30.47 114.40 26.64% 103.53
Pacific Life -1.23 108.44 -1.14% 4.82
Arrow Funds 0.00 106.47 0.00% -7.05
Strategy Shares 8.59 89.47 9.60% 60.42
OBP Capital LLC 0.00 88.16 0.00% 27.85
Gadsden 10.22 82.54 12.38% 26.10
T. Rowe Price Group, Inc. 13.96 79.92 17.47% 14.64
Exponential ETFs 0.02 72.21 0.03% 1.84
Cboe Vest Financial LLC 1.10 63.32 1.73% 14.24
iM Global Partner -0.00 61.42 -0.00% 28.57
Highland Capital Management -63.81 61.42 -103.89% -204.23
Premise Capital -0.67 51.80 -1.28% 13.89
Toews Corp. 1.31 49.97 2.63% 44.10
Wahed Invest LLC 3.82 49.72 7.69% 22.31
Natixis -2.01 49.63 -4.05% 2.66
Metaurus Advisors -0.00 48.14 -0.00% 0.01
Syntax Advisors 0.00 47.09 0.01% -31.26
TrueMark Investments, LLC 13.54 46.72 28.99% 43.51
AAM Holdings Inc. -0.05 34.04 -0.14% -4.23
Pettee Investors 4.37 33.26 13.12% 23.04
Absolute Investment Advisers LLC 2.33 30.73 7.60% 29.97
ProcureAM 2.73 29.15 9.35% 19.21
Belpointe Asset Management, LLC -0.59 28.66 -2.07% -20.68
CornerCap Investment Counsel, Inc. 20.59 26.02 79.12% 26.62
Beyond Investing 1.53 25.68 5.95% 11.79
Little Harbor Advisors -4.23 24.82 -17.03% 25.92
Change Finance 1.23 21.45 5.74% 6.65
ETF Series Solutions -0.53 21.26 -2.51% 7.58
Impact Shares 1.25 21.21 5.91% 7.65
AlphaMark Advisors 0.00 19.08 0.00% 0.00
Salt Financial -1.38 15.99 -8.65% -8.28
UP Fintech Holding 0.01 15.94 0.09% 3.01
Counterpoint Mutual Funds LLC 0.00 12.13 0.00% 12.90
Esoterica Capital LLC 0.00 11.74 0.00% 4.16
The Leuthold Group LLC 1.34 11.27 11.86% 10.75
Point Bridge Capital 0.00 8.23 0.00% -4.78
Sage -10.50 7.85 -133.74% -10.50
BB&T 6.62 7.80 84.97% 6.62
Alternative Access Funds LLC 7.50 7.46 100.44% 7.50
Global Beta Advisors 0.01 6.66 0.21% -0.30
Water Island Capital Partners LP -0.00 6.46 -0.00% 3.75
Whitford Asset Management 0.00 5.82 0.00% 2.48
EquBot 0.00 5.54 0.00% 1.56
Barclays 0.00 5.21 0.05% 1.47
Guinness Atkinson Asset Management 0.00 3.19 0.00% 0.19
Nordea Investment Funds SA 0.00 2.71 0.00% 2.50

 

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.

Find your next ETF

Reset All