ETFs Add $55B In Sept But the September Effect and a series of threats slowed ETF flows from the prior month. etf.com Staff | Oct 01, 2021 Reviewed by: etf.com Staff , Edited by: etf.com Staff View Bio Follow Author Flows into the U.S.-listed ETF industry slowed from $66.8 billion in August to just under $55.5 billion in September, as the traditional worst month of the year for returns was matched with bouts of volatility. U.S. ETFs have gained more than $647.8 billion in inflows as of the end of the third quarter, according to ETF.com data provider FactSet, while assets under management now stand just short of $6.65 trillion. Growth Fears, Volatility Shake Equities After months of near-constant bullish sentiment, the ongoing COVID-19 pandemic and fears of defaults from both the Chinese megadeveloper Evergrande and the U.S. government led to two days of sell-offs above 1.5% in the S&P 500. The iShares Core S&P 500 ETF (IVV) had the most outflows off the month, with nearly $3.1 billion pulled and a quarter of its year-to-date gains erased, followed by the Financial Select Sector SPDR Fund (XLF), with $1.5 billion in outflows. Tech ETFs were also caught in sell-offs amid a late spike in bond yields and a Federal Reserve meeting that signaled continued confidence toward a taper of its bond-buying program and an eventual rate hike. The 10-year Treasury yield started the month at 1.28% before rising to a high of 1.55% in the final week of September. The ARK Innovation ETF (ARKK) saw $902 million in outflows for a loss of almost 4.7% of its assets under management, while the Technology Select Sector SPDR Fund (XLK) lost $721.4 million. Yet investors continued to drive net inflows into broad vanilla indexes on the month. The SPDR S&P 500 ETF Trust (SPY) was far and away the largest gainer, with nearly $7.5 billion added in the month, followed by the Vanguard S&P 500 ETF (VOO) and Vanguard Total Stock Market ETF (VTI), with inflows of $3.8 billion and $3.8 billion, respectively. Leveraged Funds Reverse YTD Outflows Dip-buyers took aggressive positions within leveraged ETFs during bouts of volatility this month. The leveraged ETF class ended August with a net outflow of almost $1.1 billion on the year, but gained $4.5 billion in September to end the month with a year-to-date inflow of $3.5 billion. The leading ETF in the segment was the ProShares UltraPro QQQ (TQQQ), which gained a net $2.9 billion in new assets on the month and reversed the $1.3 billion in outflows it had coming into the month. For a full list of this month’s top inflows and outflows, see the tables below: Top Gainers (September 2021) Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2021 Net Flows($,M) SPY SPDR S&P 500 ETF Trust State Street Global Advisors 7,447.50 390,986.53 1.90% 10,452.90 VOO Vanguard S&P 500 ETF Vanguard 3,883.61 249,759.92 1.55% 40,472.29 VTI Vanguard Total Stock Market ETF Vanguard 3,843.99 265,719.50 1.45% 31,679.99 TQQQ ProShares UltraPro QQQ ProShares 2,901.99 14,959.44 19.40% 1,672.54 IYR iShares U.S. Real Estate ETF Blackrock 2,337.23 7,431.63 31.45% 1,184.76 BND Vanguard Total Bond Market ETF Vanguard 1,396.87 81,987.92 1.70% 15,917.43 XLE Energy Select Sector SPDR Fund State Street Global Advisors 1,333.32 25,446.13 5.24% 5,843.34 BSV Vanguard Short-Term Bond ETF Vanguard 1,123.96 42,165.55 2.67% 12,975.03 VXUS Vanguard Total International Stock ETF Vanguard 1,106.09 49,908.34 2.22% 9,693.40 AGG iShares Core U.S. Aggregate Bond ETF Blackrock 1,076.86 89,462.51 1.20% 6,657.68 Top Gainers (Year-to-Date) Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM September 2021 Net Flows($,M) VOO Vanguard S&P 500 ETF Vanguard 40,472.29 249,759.92 16.20% 3,883.61 VTI Vanguard Total Stock Market ETF Vanguard 31,679.99 265,719.50 11.92% 3,843.99 BND Vanguard Total Bond Market ETF Vanguard 15,917.43 81,987.92 19.41% 1,396.87 BSV Vanguard Short-Term Bond ETF Vanguard 12,975.03 42,165.55 30.77% 1,123.96 VTV Vanguard Value ETF Vanguard 12,488.04 84,040.22 14.86% 1,052.18 IVV iShares Core S&P 500 ETF Blackrock 11,909.52 290,363.83 4.10% -3,088.05 IEMG iShares Core MSCI Emerging Markets ETF Blackrock 10,719.76 78,224.29 13.70% 986.72 SPY SPDR S&P 500 ETF Trust State Street Global Advisors 10,452.90 390,986.53 2.67% 7,447.50 VXUS Vanguard Total International Stock ETF Vanguard 9,693.40 49,908.34 19.42% 1,106.09 IUSB iShares Core Total USD Bond Market ETF Blackrock 9,688.87 15,510.82 62.47% 273.55 Biggest Losers (September 2021) Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2021 Net Flows($,M) IVV iShares Core S&P 500 ETF Blackrock -3,088.05 290,363.83 -1.06% 11,909.52 XLF Financial Select Sector SPDR Fund State Street Global Advisors -1,517.95 41,563.47 -3.65% 8,188.85 LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock -1,341.52 40,867.16 -3.28% -12,589.84 XLV Health Care Select Sector SPDR Fund State Street Global Advisors -1,020.08 31,137.04 -3.28% 2,159.33 XLI Industrial Select Sector SPDR Fund State Street Global Advisors -990.83 17,571.39 -5.64% -792.52 XLP Consumer Staples Select Sector SPDR Fund State Street Global Advisors -978.81 12,003.85 -8.15% -1,600.43 DIA SPDR Dow Jones Industrial Average ETF Trust State Street Global Advisors -916.03 28,857.11 -3.17% 1,466.36 ARKK ARK Innovation ETF ARK -902.25 19,275.57 -4.68% 5,282.84 QUAL iShares MSCI USA Quality Factor ETF Blackrock -836.68 23,273.38 -3.59% -1,091.63 XLK Technology Select Sector SPDR Fund State Street Global Advisors -721.37 43,172.68 -1.67% -848.85 Biggest Losers (Year-to-Date) Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM September 2021 Net Flows($,M) LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock -12,589.84 40,867.16 -30.81% -1,341.52 GLD SPDR Gold Trust State Street Global Advisors -10,055.61 55,275.95 -18.19% -563.34 USMV iShares MSCI USA Min Vol Factor ETF Blackrock -8,701.83 27,237.83 -31.95% -285.43 HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock -6,485.76 19,414.78 -33.41% -552.17 SHV iShares Short Treasury Bond ETF Blackrock -3,838.99 13,986.19 -27.45% -347.97 JNK SPDR Bloomberg Barclays High Yield Bond ETF State Street Global Advisors -3,535.53 9,049.99 -39.07% -415.70 EFAV iShares MSCI EAFE Min Vol Factor ETF Blackrock -2,660.07 8,231.03 -32.32% -46.86 USO United States Oil Fund LP Concierge Technologies -2,523.11 2,606.78 -96.79% -261.36 IVW iShares S&P 500 Growth ETF Blackrock -2,091.55 35,321.94 -5.92% -176.19 IHI iShares U.S. Medical Devices ETF Blackrock -1,900.78 8,495.40 -22.37% 188.91 Asset Classes (September 2021) Net Flows ($, mm) AUM ($, mm) % of AUM U.S. Equity 25,516.16 3,917,306.70 0.65% International Equity 9,192.66 1,262,651.33 0.73% U.S. Fixed Income 13,961.97 1,084,000.53 1.29% International Fixed Income 1,293.41 149,052.95 0.87% Commodities -811.69 134,065.00 -0.61% Currency -25.09 1,884.82 -1.33% Leveraged 4,549.83 62,140.89 7.32% Inverse 538.38 13,123.76 4.10% Asset Allocation 633.99 18,458.28 3.43% Alternatives 121.20 6,815.49 1.78% Total: 54,970.83 6,649,499.74 0.83% Asset Classes (Year-to-Date) Net Flows ($, mm) AUM ($, mm) % of AUM U.S. Equity 306,386.63 3,917,306.70 7.82% International Equity 171,209.31 1,262,651.33 13.56% U.S. Fixed Income 129,493.54 1,084,000.53 11.95% International Fixed Income 28,748.03 149,052.95 19.29% Commodities -4,077.92 134,065.00 -3.04% Currency 17.75 1,884.82 0.94% Leveraged 3,475.91 62,140.89 5.59% Inverse 5,689.07 13,123.76 43.35% Asset Allocation 4,190.83 18,458.28 22.70% Alternatives 2,680.53 6,815.49 39.33% Total: 647,813.69 6,649,499.74 9.74% September 2021 ETF Issuer League Table Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2021 Net Flows($,M) Blackrock 9,387.60 2,312,688.69 0.41% 131,010.13 Vanguard 22,726.58 1,915,197.92 1.19% 253,820.58 State Street Global Advisors 4,249.25 998,153.56 0.43% 53,805.80 Invesco 1,235.11 367,351.68 0.34% 36,438.87 Charles Schwab 3,719.36 253,411.05 1.47% 31,837.53 First Trust 1,525.70 138,606.23 1.10% 18,648.85 JPMorgan Chase 1,208.49 68,987.27 1.75% 20,822.60 ProShares 3,530.39 60,686.31 5.82% 8,422.27 VanEck 321.97 58,935.86 0.55% 7,918.69 WisdomTree 334.94 45,027.07 0.74% 3,137.01 ARK -1,859.17 38,283.31 -4.86% 11,659.72 Mirae Asset Global Investments Co., Ltd. 1,449.68 37,995.54 3.82% 15,882.30 Dimensional Holdings 460.19 31,889.15 1.44% 2,611.04 Fidelity 194.72 30,915.68 0.63% 4,017.56 Allianz 634.78 27,462.37 2.31% 1,536.25 Direxion 1,579.25 25,175.76 6.27% 1,781.70 Goldman Sachs 309.95 24,809.69 1.25% 623.27 Deutsche Bank 542.49 23,111.87 2.35% 2,045.96 Northern Trust -122.62 18,442.41 -0.66% 2,847.69 CICC 1,187.75 13,227.86 8.98% 9,566.10 Franklin Templeton 114.20 9,336.20 1.22% 329.27 SS&C -113.11 8,737.87 -1.29% 49.48 Pacer Advisors 210.72 8,539.51 2.47% 2,028.12 American Century Investments 158.11 8,001.58 1.98% 3,477.66 Exchange Traded Concepts 328.55 7,559.79 4.35% 2,086.25 ETFMG 4.97 6,729.41 0.07% 1,294.43 Crestview -57.24 6,601.60 -0.87% 309.13 Standard Life Aberdeen -13.44 6,548.56 -0.21% 765.06 Innovator 95.84 5,609.17 1.71% 1,283.74 Principal 64.96 5,442.11 1.19% 1,079.88 Manulife 19.42 5,067.66 0.38% -576.49 Nuveen Securities 53.57 4,721.53 1.13% 1,692.91 New York Life 75.72 4,553.46 1.66% 492.25 Amplify Investments -3.50 4,416.75 -0.08% 1,335.88 Janus Henderson 32.12 4,154.20 0.77% 229.49 The Hartford -81.41 4,129.45 -1.97% 268.00 Concierge Technologies -279.63 3,977.36 -7.03% -2,928.01 US Global Investors 224.99 3,869.76 5.81% 698.62 Barclays -47.12 3,253.17 -1.45% 1,440.23 BMO 162.29 3,105.07 5.23% 615.25 Toroso Investments 117.91 2,641.08 4.46% 1,022.57 Prudential 37.26 2,110.42 1.77% 734.88 AdvisorShares 58.48 2,083.13 2.81% 1,407.99 Ameriprise Financial 55.14 1,684.37 3.27% 426.13 Aptus Capital Advisors 120.53 1,611.11 7.48% 594.27 O’Shares Investments -21.70 1,498.81 -1.45% -21.71 GraniteShares 16.61 1,496.89 1.11% 188.22 Defiance ETFs 13.79 1,488.69 0.93% 427.01 Vident 0.74 1,454.47 0.05% -39.76 Virtus Investment Partners 18.76 1,326.04 1.41% 357.12 UBS -14.94 1,234.12 -1.21% -72.68 Davis Advisers -9.46 1,232.40 -0.77% 115.04 Rational Capital LLC 190.89 1,201.21 15.89% 990.55 Cambria 8.57 1,108.77 0.77% 249.80 Inspire 18.95 1,056.15 1.79% 231.37 Nationwide 103.22 1,029.21 10.03% 516.55 Main Management 8.84 1,023.01 0.86% 258.48 The Bank of New York Mellon Corp. 66.57 1,022.97 6.51% 441.47 Credit Suisse Group AG 1.51 1,003.62 0.15% 284.20 EMPIRICAL FINANCE LLC 13.32 989.63 1.35% 279.86 Aegon -4.47 782.81 -0.57% -45.90 Simplify Asset Management Inc. 86.24 716.81 12.03% 570.90 The Motley Fool 7.59 692.82 1.10% 82.98 Horizon Kinetics LLC 34.98 692.43 5.05% 674.22 Roundhill Investments 47.31 600.84 7.87% 328.17 Howard Capital Management 28.25 543.28 5.20% 194.92 Merk 58.60 541.86 10.82% 142.14 Renaissance Capital -11.91 519.05 -2.30% -217.23 Redwood Investment Management 64.16 510.48 12.57% 53.82 Timothy Plan 8.73 494.40 1.76% 50.18 Tortoise -19.13 482.39 -3.97% -16.08 TrimTabs 21.27 439.91 4.84% 29.77 T. Rowe Price Group, Inc. 21.34 429.66 4.97% 231.46 Liquid Strategies 8.63 421.70 2.05% 105.89 Distillate Capital 7.38 403.46 1.83% 145.47 ProFund Advisors LLC 27.72 363.89 7.62% 362.07 Regents Park Funds 2.49 353.78 0.70% 81.07 SRN Advisors 3.36 352.40 0.95% 49.79 ClearShares LLC 9.97 348.58 2.86% 99.46 Al Marketing LLC -6.52 333.55 -1.95% -57.04 Sprott -2.01 311.39 -0.64% 17.90 Donald L. Hagan LLC 21.30 299.36 7.12% 130.89 Government of Sweden -6.26 283.67 -2.21% -12.25 WBI 0.00 283.21 0.00% -6.79 Teucrium -15.76 274.65 -5.74% -112.28 Little Harbor Advisors 36.93 250.64 14.74% 185.77 Core Alternative Capital 17.83 228.79 7.79% 82.57 Mcivy Co. LLC 4.59 205.57 2.23% 126.19 Intangible Capital 2.46 197.17 1.25% 4.94 Cavalier16 7.11 195.57 3.63% 45.57 Syntax Advisors 0.03 191.66 0.02% 48.08 TrueMark Investments -0.18 174.55 -0.10% 98.36 Capital Impact Advisors 0.00 171.99 0.00% -7.14 Impact Shares 9.68 164.57 5.88% 123.93 Wahed 10.76 144.09 7.47% 65.41 Advisors Asset Management 10.82 143.76 7.53% 95.05 Tuttle Tactical Management, LLC -4.27 143.53 -2.98% -3.52 Arrow Funds 9.72 137.92 7.05% 7.03 ProcureAM -5.48 123.59 -4.43% 70.26 Gadsden 0.64 117.53 0.54% 19.43 Swan Global Investments 8.43 116.50 7.23% 111.71 Kingsview Partners LLC 2.71 113.79 2.38% 106.15 Wainwright, Inc. 4.27 111.66 3.83% 94.52 AGF -0.37 108.00 -0.34% -15.38 CornerCap Investment Counsel, Inc. -1.01 103.68 -0.97% 28.06 Humankind USA LLC 5.67 96.33 5.89% 87.59 Emles Advisors LLC -0.88 93.13 -0.94% 24.64 Change Finance 3.27 91.92 3.56% 51.99 Neil Azous Revocable Trust 23.58 87.58 26.92% 66.32 Pettee Investors 2.05 81.21 2.52% 27.94 Exponential ETFs 0.00 79.66 0.00% 1.20 Metaurus Advisors 3.98 70.37 5.65% 10.91 Groupe BPCE -8.43 64.57 -13.06% 9.62 Beyond Investing 2.03 63.35 3.20% 20.68 Alger Group Holdings LLC 2.56 52.03 4.93% 41.75 Guinness Atkinson Asset Management -2.07 51.39 -4.03% 13.00 Toews Corp. 1.42 50.80 2.80% 1.80 Absolute Investment Advisers LLC 0.00 50.74 0.00% 10.53 Alexis Investment Partners LLC 2.58 42.51 6.07% 25.31 Infusive Asset Management -1.69 42.21 -3.99% 6.84 Esoterica -3.01 41.11 -7.31% 17.77 ETF Series Solutions 5.02 40.12 12.51% 11.02 Rayliant Investment Research 1.92 39.49 4.87% 40.68 Premise Capital 0.00 39.48 0.00% -14.10 Formidable Asset Management 1.28 39.38 3.26% 39.67 Highland Capital Management -3.23 38.63 -8.35% -14.62 2nd Vote Value Investments, Inc 1.70 38.10 4.47% 30.41 Inverdale Capital Management LLC 2.68 37.95 7.05% 31.50 Red Gate Advisers LLC 0.40 36.07 1.11% 6.27 Cabot ETF Partners LLC -0.82 31.92 -2.56% 32.34 Pacific Life 0.00 31.77 0.00% 2.44 New Age Alpha Advisors LLC 18.77 29.08 64.53% 27.31 Ridgeline Research LLC 4.98 27.47 18.12% 23.92 AlphaMark Advisors 0.00 26.04 0.00% -1.41 Power Corporation of Canada -0.72 25.42 -2.82% 2.77 Truist 0.00 25.16 0.00% 2.38 Uncommon Investment Advisors LLC 1.05 24.80 4.24% 23.89 Knights of Columbus 1.77 22.55 7.87% 23.13 MCCM Group LLC -1.79 18.05 -9.93% 30.40 Changebridge Capital LLC 0.56 17.85 3.12% 10.96 The Leuthold Group LLC 0.00 15.12 0.00% 1.43 Mairs & Power, Inc. 0.76 15.00 5.05% 15.06 Applied Finance Group 0.67 14.98 4.50% 13.84 ASYMmetric ETFs 1.66 14.82 11.22% 14.75 GAMCO Investors, Inc. 0.00 14.06 0.00% 7.55 Point Bridge Capital 0.94 13.80 6.79% 1.94 EquBot 0.00 11.68 0.00% 4.82 Future Fund Advisors 7.07 11.23 63.01% 11.61 Alternative Access Funds LLC 0.00 10.03 0.00% 0.00 Whitford Asset Management 0.00 9.38 0.00% 5.85 Counterpoint Mutual Funds LLC 0.00 9.05 0.00% -3.60 Water Island Capital Partners LP 0.00 7.84 0.03% 1.29 Jacob Asset Management 0.41 7.29 5.59% 7.47 Charger Corp. 6.73 6.38 105.52% 6.73 Global Beta Advisors 0.02 4.96 0.30% -2.97 Reflection Asset Management, LLC 0.73 4.91 14.94% 2.02 Spear Advisors LLC 2.04 4.01 50.76% 4.05 Democracy Investment Management LLC 0.00 3.86 -0.01% 3.28 Lifegoal Investments LLC 1.74 2.92 59.59% 1.74 Zacks Investment Management 1.24 1.91 64.88% 1.97 Wilshire Phoenix Funds LLC 0.00 1.73 0.00% 0.00 Chadds Ford Investment Management LLC 0.00 0.74 0.00% 0.75 Lyrical Partners 0.00 0.63 0.00% 0.00 Litman Gregory Capital Partners LLC 2.82 0.00 0.00% 20.26 Eaton Vance Corp. 0.00 0.00 0.00% 0.00 Cohanzick Management 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. etf.com Staff | Contact: [email protected] View Bio Follow Author
