ETFs Add $23B in September

October 03, 2022

Exchange-traded fund inflows slowed substantially last month to $23.3 billion as investors pulled back amid plummeting stock and bond markets. 

September’s inflows into U.S.-listed ETFs dropped 46% from $43 billion in August, according to ETF.com data. They also slumped from last September’s $35.2 billion inflows.  

Markets plunged in the days following the Federal Reserve’s Sept. 21 announcement of a third consecutive 75 basis point hike, after an already dismal few weeks of lackluster news from global economies and persisting decades-high inflation. The S&P 500 slipped more than 9% in September alone—the worst September in two decades—while the Nasdaq composite closed the month down more than 10%.  

That led to a major downturn in equity-focused ETFs. Those inflows fell by nearly half, to $16.9 billion. 

Flows into fixed income products fared slightly better: They dropped to $12.9 billion from $13.1 billion the previous month. 

Among the top-performing ETFs last month were the Vanguard S&P 500 ETF (VOO), the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ).  

Among fixed income ETFs, the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) alone pulled in $6.5 billion, the largest inflow into any U.S.-listed ETF last month.  

Corporate bonds took a hit last month, with the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the Vanguard Short-Term Corporate Bond ETF (VCSH) and the Vanguard Intermediate-Term Corporate Bond Index Fund ETF (VCIT) losing a collective $5 billion.  

 

For a full list of the top inflows and outflows for September and 2022 as a whole, see the tables below:   

 

Top Gainers (September 2022)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2022 Net Flows($,M)
BIL SPDR Bloomberg 1-3 Month T-Bill ETF State Street Global Advisors 6,537.55 23,942.30 27.31% 10,328.16
VOO Vanguard S&P 500 ETF Vanguard 3,967.20 250,960.46 1.58% 36,870.13
SHV iShares Short Treasury Bond ETF Blackrock 3,902.21 23,115.55 16.88% 10,092.58
SPY SPDR S&P 500 ETF Trust State Street Global Advisors 3,685.28 339,673.15 1.08% -20,450.35
SHY iShares 1-3 Year Treasury Bond ETF Blackrock 2,860.50 28,075.74 10.19% 8,633.28
VTI Vanguard Total Stock Market ETF Vanguard 2,723.45 247,184.31 1.10% 19,493.14
ITOT iShares Core S&P Total U.S. Stock Market ETF Blackrock 2,218.56 40,195.01 5.52% 4,350.34
QQQ Invesco QQQ Trust Invesco 1,933.16 155,495.56 1.24% 3,079.28
TQQQ ProShares UltraPro QQQ ProShares 1,798.58 10,740.39 16.75% 10,378.07
USFR WisdomTree Floating Rate Treasury Fund WisdomTree 1,532.00 9,484.22 16.15% 7,645.35

 

Top Gainers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM September 2022 Net Flows($,M)
VOO Vanguard S&P 500 ETF Vanguard 36,870.13 250,960.46 14.69% 3,967.20
VTI Vanguard Total Stock Market ETF Vanguard 19,493.14 247,184.31 7.89% 2,723.45
IVV iShares Core S&P 500 ETF Blackrock 19,181.14 278,268.90 6.89% 1,055.42
VTV Vanguard Value ETF Vanguard 14,481.67 92,776.13 15.61% 816.41
TLT iShares 20+ Year Treasury Bond ETF Blackrock 12,134.65 24,709.34 49.11% 1,044.83
SCHD Schwab U.S. Dividend Equity ETF Charles Schwab 10,901.84 36,136.85 30.17% 1,172.83
TQQQ ProShares UltraPro QQQ ProShares 10,378.07 10,740.39 96.63% 1,798.58
BIL SPDR Bloomberg 1-3 Month T-Bill ETF State Street Global Advisors 10,328.16 23,942.30 43.14% 6,537.55
SHV iShares Short Treasury Bond ETF Blackrock 10,092.58 23,115.55 43.66% 3,902.21
BND Vanguard Total Bond Market ETF Vanguard 9,859.86 80,392.95 12.26% 286.70

 

Biggest Losers (September 2022)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM YTD 2022 Net Flows($,M)
XLF Financial Select Sector SPDR Fund State Street Global Advisors -3,430.64 27,958.05 -12.27% -7,851.63
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF Blackrock -2,416.44 30,492.92 -7.92% 77.15
EEM iShares MSCI Emerging Markets ETF Blackrock -2,205.80 21,238.71 -10.39% 539.28
JNK SPDR Bloomberg High Yield Bond ETF State Street Global Advisors -1,934.99 5,184.52 -37.32% -2,937.09
SQQQ ProShares UltraPro Short QQQ ProShares -1,927.55 4,857.01 -39.69% 849.44
VGT Vanguard Information Technology ETF Vanguard -1,907.08 39,376.12 -4.84% -118.67
GLD SPDR Gold Trust State Street Global Advisors -1,721.43 49,976.33 -3.44% -1,325.51
ACWI iShares MSCI ACWI ETF Blackrock -1,532.60 14,776.89 -10.37% 1,960.06
VCSH Vanguard Short-Term Corporate Bond ETF Vanguard -1,411.52 41,435.31 -3.41% 3,354.72
VCIT Vanguard Intermediate-Term Corporate Bond Index Fund ETF Vanguard -1,222.04 38,117.87 -3.21% -301.80

 

Biggest Losers (Year-to-Date)

Ticker Name Issuer Net Flows ($,mm) AUM ($M) % of AUM September 2022 Net Flows($,M)
SPY SPDR S&P 500 ETF Trust State Street Global Advisors -20,450.35 339,673.15 -6.02% 3,685.28
XLF Financial Select Sector SPDR Fund State Street Global Advisors -7,851.63 27,958.05 -28.08% -3,430.64
HYG iShares iBoxx USD High Yield Corporate Bond ETF Blackrock -6,846.42 11,788.28 -58.08% 9.99
VLUE iShares MSCI USA Value Factor ETF Blackrock -5,983.29 7,389.05 -80.98% -493.82
TIP iShares TIPS Bond ETF Blackrock -5,785.06 27,002.60 -21.42% -862.06
BBEU JPMorgan BetaBuilders Europe ETF JPMorgan Chase -4,355.42 3,162.55 -137.72% 403.25
IWM iShares Russell 2000 ETF Blackrock -4,173.83 49,480.26 -8.44% 859.75
SCHP Schwab U.S. TIPS ETF Charles Schwab -3,688.04 14,542.42 -25.36% -239.19
VGK Vanguard FTSE Europe ETF Vanguard -3,171.83 12,689.49 -25.00% -205.50
JNK SPDR Bloomberg High Yield Bond ETF State Street Global Advisors -2,937.09 5,184.52 -56.65% -1,934.99

 

Asset Classes (September 2022)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 16,908.94 3,591,933.85 0.47%
International Equity -981.61 1,009,328.93 -0.10%
U.S. Fixed Income 12,887.01 1,085,728.56 1.19%
International Fixed Income -2,002.06 132,266.99 -1.51%
Commodities -4,041.67 128,436.45 -3.15%
Currency 45.87 4,338.43 1.06%
Leveraged 3,489.73 41,488.95 8.41%
Inverse -3,591.16 26,458.90 -13.57%
Asset Allocation 9.09 15,912.26 0.06%
Alternatives 554.28 8,764.61 6.32%
Total: 23,278.43 6,044,657.92 0.39%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 188,958.62 3,591,933.85 5.26%
International Equity 65,966.03 1,009,328.93 6.54%
U.S. Fixed Income 115,841.59 1,085,728.56 10.67%
International Fixed Income 4,140.76 132,266.99 3.13%
Commodities 1,900.59 128,436.45 1.48%
Currency 1,850.92 4,338.43 42.66%
Leveraged 20,906.66 41,488.95 50.39%
Inverse 8,619.01 26,458.90 32.58%
Asset Allocation 289.21 15,912.26 1.82%
Alternatives 2,245.35 8,764.61 25.62%
Total: 410,718.74 6,044,657.92 6.79%

 

September 2022 ETF Issuer League Table

Issuer Net Flows ($,M) AUM ($,M) % of AUM YTD 2022 Net Flows($,M)
Blackrock 6,462.66 2,025,190.25 0.32% 97,955.18
Vanguard 9,053.14 1,767,787.35 0.51% 148,896.68
State Street Global Advisors -2,521.95 905,954.21 -0.28% 1,111.86
Invesco -208.97 328,178.45 -0.06% 17,989.17
Charles Schwab 3,627.61 237,065.80 1.53% 26,319.91
First Trust 251.86 115,218.36 0.22% 8,655.91
JPMorgan Chase 2,068.06 79,792.97 2.59% 13,396.35
ProShares -1,188.49 57,988.86 -2.05% 19,604.79
Dimensional Holdings 1,684.98 57,360.95 2.94% 16,569.18
VanEck -612.11 45,926.66 -1.33% 969.53
WisdomTree 1,764.89 43,074.08 4.10% 10,242.37
Mirae Asset Global Investments Co., Ltd. -156.64 35,567.31 -0.44% 3,757.94
Fidelity -260.29 28,660.47 -0.91% 1,871.57
Goldman Sachs 301.21 23,826.97 1.26% 2,974.70
PIMCO -65.56 22,561.89 -0.29% -2,106.30
Direxion 1,051.23 20,617.29 5.10% 9,486.98
Northern Trust -254.63 19,104.00 -1.33% 2,201.09
DWS -144.84 17,475.06 -0.83% -1,842.10
Pacer Advisors 283.90 15,332.03 1.85% 8,125.85
ARK 330.81 14,108.82 2.34% -234.50
American Century Investments 636.19 13,242.86 4.80% 6,235.77
AJM Ventures LLC -87.68 11,674.52 -0.75% -1,511.74
SS&C -65.46 10,357.79 -0.63% 524.66
CICC -415.06 9,195.73 -4.51% 512.02
Innovator 678.57 8,792.52 7.72% 3,734.94
Franklin Templeton 125.41 8,688.81 1.44% 687.30
Victory Capital 51.60 7,508.11 0.69% 1,433.35
Nuveen Securities -175.32 6,853.56 -2.56% 698.40
Abrdn Plc -98.04 6,601.92 -1.49% 680.81
WisdomTree Investments, Inc. -8.64 5,426.59 -0.16% -213.69
Janus Henderson 142.80 5,402.47 2.64% 1,314.25
John Hancock 59.48 4,691.32 1.27% 488.43
Exchange Traded Concepts -65.29 4,671.23 -1.40% -500.79
ETFMG -52.34 3,801.96 -1.38% -331.73
New York Life -47.15 3,753.51 -1.26% -242.09
The Hartford -53.24 3,431.51 -1.55% 91.52
Amplify Investments 101.11 3,385.54 2.99% 545.91
Marygold Cos, Inc. 88.92 3,333.28 2.67% -1,445.00
Prudential 360.34 3,055.14 11.79% 955.67
The Capital Group Companies 378.10 3,027.44 12.49% 3,369.19
BMO 165.06 2,780.29 5.94% 1,179.10
Toroso Investments -9.20 2,599.65 -0.35% 449.90
Barclays Capital Inc. -53.52 2,527.99 -2.12% -1,003.28
Principal -296.14 2,219.11 -13.35% -1,961.12
US Global Investors -242.11 2,061.20 -11.75% -320.05
Aptus Capital Advisors 31.35 1,931.26 1.62% 338.26
Cambria 147.13 1,601.41 9.19% 691.42
Simplify Asset Management Inc. 73.24 1,552.36 4.72% 627.91
AdvisorShares -21.01 1,377.44 -1.53% 109.49
Alpha Architect 16.39 1,304.82 1.26% 491.65
Virtus Investment Partners -16.99 1,302.88 -1.30% 45.81
GraniteShares -21.86 1,291.34 -1.69% 11.21
BNY Mellon -4.70 1,283.11 -0.37% 297.68
Strategy Shares -24.47 1,276.34 -1.92% 136.37
Columbia Management Investment Advisers, LLC -15.12 1,254.74 -1.21% -251.26
Vident -1.58 1,206.05 -0.13% 48.51
UBS 0.00 1,165.44 0.00% 8.49
Sprott, Inc. 6.31 1,163.46 0.54% 327.01
Horizon Kinetics LLC -9.10 1,163.06 -0.78% 458.85
The Motley Fool -8.68 1,109.94 -0.78% -103.48
Main Management 4.74 1,104.09 0.43% 32.88
Inspire Investing LLC 16.53 1,046.53 1.58% 189.48
Defiance ETFs -29.79 941.82 -3.16% -238.65
Litman Gregory Capital Partners LLC 337.94 932.24 36.25% 797.77
Davis Advisers -3.46 815.43 -0.42% -150.06
Teucrium -11.93 814.35 -1.47% 573.69
Distillate Capital 9.74 766.80 1.27% 307.86
T. Rowe Price Group, Inc. 15.55 665.13 2.34% 234.04
Credit Suisse Group AG -11.33 631.00 -1.80% 278.58
Nationwide -11.90 628.68 -1.89% -36.23
Tortoise 4.15 584.49 0.71% 69.79
Merk 3.31 584.24 0.57% 67.01
Timothy Plan 7.34 569.57 1.29% 127.09
Roundhill Investments -10.38 569.22 -1.82% -105.32
Redwood Investment Management 4.10 562.48 0.73% -76.00
ClearShares LLC 10.00 508.70 1.96% 145.16
Regents Park Funds -4.49 505.80 -0.89% 211.93
Howard Capital Management -22.57 490.15 -4.61% -12.83
Core Alternative Capital 35.86 463.39 7.74% 211.29
Bondbloxx Investment Management LLC 189.50 461.40 41.07% 448.32
Day Hagan Asset Management -26.88 457.90 -5.87% 163.90
Tuttle Tactical Management, LLC -191.58 450.38 -42.54% 92.72
Liquid Strategies -5.10 401.70 -1.27% 36.41
Engine No. 1 LLC 1.07 391.41 0.27% 192.76
ORIX Corp. 1.13 357.42 0.32% 154.93
Advisors Asset Management 14.02 346.62 4.04% 187.29
Cavalier16 -10.35 323.27 -3.20% -30.16
AGF 97.78 319.43 30.61% 198.95
TrimTabs -44.70 317.11 -14.10% -98.15
Swedish Export Credit -19.01 300.86 -6.32% -9.67
Retireful LLC -12.39 283.97 -4.36% 304.40
AXS Investments 19.41 273.87 7.09% 189.41
Little Harbor Advisors -1.91 246.70 -0.77% -46.80
Oneascent Holdings LLC 73.24 228.31 32.08% 175.17
Renaissance Health Service Corp. 149.14 225.14 66.24% 226.82
WBI -35.03 199.89 -17.52% -50.64
Western & Southern Mutual Holding Co. 38.27 192.78 19.85% 70.12
Wahed Invest LLC 5.49 190.85 2.88% 59.32
Truemark Group -2.22 187.09 -1.18% 19.78
Syntax Advisors -2.60 186.70 -1.39% 2.71
Al Marketing LLC -4.93 184.19 -2.68% -82.91
Stf Management LP 5.40 172.84 3.12% 182.60
Renaissance Capital -7.87 171.43 -4.59% -64.26
Wainwright, Inc. 3.40 169.85 2.00% 33.22
Kingsview Partners LLC 10.46 162.95 6.42% 67.58
SRN Advisors -3.40 162.71 -2.09% -75.66
Impact Shares -1.63 161.03 -1.01% 12.25
Cary Street Partners Financial LLC /VA/ 20.33 152.37 13.34% 163.88
Equitable Holdings 0.00 149.32 0.00% 0.00
Gadsden -6.13 141.55 -4.33% 20.24
Volatility Shares LLC -65.12 138.81 -46.91% 147.55
Truist 1.04 137.40 0.76% 13.14
OBP Capital LLC -0.82 135.99 -0.60% 22.84
Rayliant Investment Research 1.58 135.93 1.16% 111.17
Doubleline ETF Adviser LP 0.00 134.90 0.00% 49.44
Swan Global Investments -7.76 124.72 -6.22% -12.68
Intangible Capital 0.02 119.42 0.02% -22.82
Humankind USA LLC 5.01 113.90 4.40% 22.62
Arrow Funds 0.00 106.21 0.00% -9.77
Neil Azous Revocable Trust -3.65 92.88 -3.93% 27.57
Water Island Capital Partners LP 1.10 83.23 1.32% 59.08
Pacific Life -7.15 74.71 -9.57% 47.36
Absolute Investment Advisers LLC 2.67 72.48 3.68% 25.56
Baird Financial Group 0.93 72.20 1.29% 82.78
Toews Corp. 2.38 70.42 3.38% 21.10
Power Corporation of Canada 2.25 68.74 3.27% 36.22
First Manhattan Co. 0.45 66.84 0.68% 0.48
Exponential ETFs 0.00 66.48 0.00% -1.16
IronHorse Holdings -0.27 64.50 -0.42% 3.25
Cohanzick Management 1.03 63.36 1.62% 20.06
Natixis 1.07 60.68 1.76% -3.22
Inverdale Capital Management LLC -0.01 60.68 -0.02% 27.70
GeaSphere LLC -0.44 59.82 -0.74% 5.80
Beyond Investing 0.00 59.66 0.00% 6.79
Pettee Investors -1.03 56.37 -1.84% -17.32
ProcureAM -3.59 55.20 -6.51% -18.73
Emles Advisors LLC -3.64 52.18 -6.98% 1.25
Federated Hermes, Inc. 0.46 51.52 0.90% 7.94
SEI Investments 0.64 50.70 1.27% 53.63
Formidable Asset Management 1.17 49.37 2.37% 10.69
EntrepreneurShares, LLC -0.51 49.26 -1.04% -21.15
Alexis Investment Partners LLC 0.92 48.66 1.89% 8.48
VectorShares LLC 0.37 44.53 0.84% 30.76
Logan Capital Management Inc. 0.00 42.32 0.00% 0.00
Red Gate Advisers LLC 0.00 41.14 0.00% 9.31
Guinness Atkinson Asset Management 0.00 38.94 0.00% -1.73
Advocate Capital Management LLC 2.59 38.89 6.66% 12.86
Alger Group Holdings LLC 0.37 38.27 0.96% 6.52
2nd Vote Value Investments, Inc 0.77 37.74 2.03% -0.97
The Leuthold Group LLC 0.71 36.19 1.97% 22.07
ETF Series Solutions -1.77 34.03 -5.20% -1.05
Highland Capital Management 0.00 32.26 -0.01% -10.96
Ridgeline Research LLC 1.47 30.60 4.79% 3.87
Metaurus Advisors 0.73 30.51 2.40% 5.73
Build Asset Management LLC -1.14 30.32 -3.77% 32.88
ASYMmetric ETFs -4.80 26.38 -18.21% 5.36
Sheaff Brock Capital Management LLC -0.09 26.01 -0.34% 3.12
AllianceBernstein Holding 1.24 25.87 4.79% 1.24
GAMCO Investors, Inc. -0.25 23.36 -1.08% 3.57
Convergence Investment Partners, LLC -0.16 22.56 -0.71% -1.80
Cultivar Capital, Inc. 0.00 22.03 0.00% 15.64
Valkyrie Funds LLC 0.82 21.78 3.76% -22.70
AlphaMark Advisors 0.00 19.66 0.00% 0.00
Esoterica 0.00 19.64 0.00% -8.11
Reflection Asset Management, LLC 1.13 19.29 5.87% 9.88
First Pacific Advisors LP 0.00 19.18 0.00% 22.78
Faith Investor Services, LLC -1.85 18.57 -9.96% 22.53
Knights of Columbus 0.19 16.89 1.12% -1.88
Mairs & Power, Inc. 0.00 16.54 0.00% 1.33
Point Bridge Capital 0.00 14.13 0.00% 1.94
Zacks Investment Management 0.00 13.86 0.00% 4.21
Lyrical Partners 10.29 13.52 76.10% 11.61
Applied Finance Group -0.03 11.82 -0.25% 4.57
Changebridge Capital LLC -0.23 11.45 -2.02% -2.79
Matthews International Capital Management 1.14 11.12 10.22% 8.17
Goose Hollow Capital Management LLC 0.57 10.73 5.34% 9.92
WealthTrust Asset Management LLC 0.50 10.47 4.76% 10.60
GCI Investors, Inc. 0.00 10.00 0.00% 7.40
Thor Trading Advisors LLC 9.72 9.71 100.04% 9.72
Future Fund Advisors 0.01 9.11 0.14% -2.37
MCCM Group LLC 0.00 8.74 0.00% 8.80
Lifegoal Investments LLC 0.00 7.73 0.00% 5.19
Counterpoint Mutual Funds LLC -1.59 7.42 -21.42% -1.59
Alternative Access Funds LLC 0.00 7.29 0.00% -2.43
Convexityshares, LLC 0.00 6.39 0.00% 5.00
Kelly Strategic Management LLC -0.74 6.03 -12.30% 6.84
Alphatrai Funds, Inc. -3.07 5.71 -53.82% 0.04
Digital Currency Group, Inc. 0.00 5.52 0.00% 12.54
Rcube SAS 0.53 5.04 10.45% 5.27
Nuveen Investments, Inc. 0.00 4.79 0.00% 0.00
VegTech LLC 0.00 4.53 0.00% 4.15
Clockwise Capital LLC 0.00 4.46 0.00% 3.58
Democracy Investment Management LLC 0.00 4.37 0.02% 2.39
Jacob Asset Management 0.00 3.29 0.00% -0.04
V-Square Quantitative Management LLC 0.00 3.11 0.00% 2.47
Spear Advisors LLC 0.00 3.10 0.00% 0.30
Neos Investments LLC 0.00 2.87 0.00% 2.99
Volt Equity LLC 0.00 2.58 0.00% 0.48
Dynamic Shares LLC 0.00 2.31 0.00% 1.00
Big Data Federation, Inc. 0.49 1.92 25.74% 1.11
Kingsbarn Capital Management LLC 0.00 1.60 0.00% 0.12
Amberwave Partners Research & Management LLC 0.00 1.50 0.00% 1.28
Dalton Capital 0.00 1.16 0.00% 0.26
Grizzle Investment Management LLC -0.69 1.06 -65.50% 0.41
Inherent Wealth Fund LLC 0.00 0.96 0.00% 0.97
Subversive Capital Advisor LLC 0.00 0.89 0.00% 1.25
Tradelegs LLC 0.00 0.47 0.00% 0.50
Eaton Vance Corp. 0.00 0.00 0.00% 0.00
Cabot ETF Partners LLC 0.00 0.00 0.00% -0.29
Neuberger Berman 0.00 0.00 0.00% -0.52

 

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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