ETFs End Jan. With $37B Inflows

But ‘SPY’ and ‘QQQ’ combined lost more than $24 billion in assets.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

The U.S. ETF industry ended the most volatile month in the markets since the onset of the pandemic with $37 billion in net inflows, a far cry from the nearly $66 billion in new assets in January 2021.

According to ETF.com data provider FactSet, U.S.-listed ETFs now manage more than $6.8 billion in assets.

Bearish Big Names Offset With Leveraged Bulls

The turmoil in large cap names in the middle of January sent the S&P 500 near correction territory and the Nasdaq-100 tech names down to a loss of 14% at one point, sending investors using those funds toward the exits.

The SPDR S&P 500 ETF Trust (SPY) lost just over $18 billion in assets in the month, the worst outflow in its history, while the Invesco QQQ Trust (QQQ) lost just over $6.6 billion.

But tech bulls continued to gamble in a big way, as the triple-levered ProShares UltraPro QQQ (TQQQ) added just shy of $3.5 billion in an attempt to profit off the parent index’s wide intraday spreads. The Direxion Daily Semiconductor Bull 3X Shares (SOXL) added $1.9 billion in new assets.

Vanguard Dominates

Vanguard was a juggernaut of inflows among issuers on the month, adding $22.1 billion in new assets compared with losses of $538 million, $984 million and $4.6 billion for State Street, Invesco and BlackRock, respectively.

The Vanguard S&P 500 ETF (VOO) led all ETFs on inflows for the month, with $4.2 billion in new assets, while the Vanguard Total Stock Market ETF (VTI) added $3.9 billion. The Vanguard Value ETF (VTV) also added $2.3 billion as some investors cut their exposure to growth.

On the international side, the Vanguard FTSE Developed Markets ETF (VEA) took in $2.1 billion in the month. That figure was enough to lead all international equities funds, as the asset class saw monthly inflows of $24.3 billion.

Inflation-Resistant Equities Gain

The inflation trade shifted from protected bonds into equities set to benefit from higher prices as costs continue to rise and the Fed turns its attention to rate hikes.

The Financial Select Sector SPDR Fund (XLF) and the Consumer Staples Select Sector SPDR Fund (XLP) added a combined $5 billion in assets.

Gold also flourished, with the iShares Gold Trust (GLD) adding $2.5 billion during the month. More than $1.6 billion of that haul came on Jan. 21, marking a record inflow day for the largest physical gold ETF.

The iShares TIPS Bond ETF (TIP) lost $2.2 billion in assets during January, but $1.1 billion of that was on Jan. 31. Such a large outflow could mean a potential heartbeat trade is in the works.

Fleeing From Fixed Income

U.S. bond ETFs lost $8.6 billion as an asset class in January as dual pressure hurt both sides of the market. Decades-high levels of inflation have thrashed already low yields on Treasurys despite the Fed’s signaling of several hikes this year, and the central bank’s plans to cut down its balance sheet is injecting more risk to the junk bond market.

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) took the largest loss in the asset class, with just less than $3.6 billion in outflows, amounting to 20.7% of its prior assets under management, while the iShares 20+ Year Treasury Bond ETF (TLT) lost $3.5 billion in assets, amounting to a 22% reduction.

Finally, the thinly traded iShares MSCI Kokusai ETF (TOK) was third among all ETFs in new assets, with almost $3.7 billion on the month. However, all of that came solely on Jan. 26 after weeks of barely any activity. The unusual amount suggests that the inflow is the first leg of a heartbeat trade.

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

 

Top Gainers (January 2022)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2022 Net Flows($,M)
VOOVanguard S&P 500 ETFVanguard4,175.02264,695.821.58%4,175.02
VTIVanguard Total Stock Market ETFVanguard3,947.19278,775.041.42%3,947.19
TOKiShares MSCI Kokusai ETFBlackrock3,667.253,895.9694.13%3,667.25
TQQQProShares UltraPro QQQProShares3,477.8015,824.1021.98%3,477.80
XLFFinancial Select Sector SPDR FundState Street Global Advisors2,818.8347,054.235.99%2,818.83
GLDSPDR Gold TrustState Street Global Advisors2,504.8858,493.444.28%2,504.88
VTVVanguard Value ETFVanguard2,259.5393,174.392.43%2,259.53
XLPConsumer Staples Select Sector SPDR FundState Street Global Advisors2,170.1015,215.4614.26%2,170.10
VEAVanguard FTSE Developed Markets ETFVanguard2,112.27105,964.841.99%2,112.27
SOXLDirexion Daily Semiconductor Bull 3X SharesDirexion1,929.184,747.7340.63%1,929.18

 

Top Gainers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMJanuary 2022 Net Flows($,M)
VOOVanguard S&P 500 ETFVanguard4,175.02264,695.821.58%4,175.02
VTIVanguard Total Stock Market ETFVanguard3,947.19278,775.041.42%3,947.19
TOKiShares MSCI Kokusai ETFBlackrock3,667.253,895.9694.13%3,667.25
TQQQProShares UltraPro QQQProShares3,477.8015,824.1021.98%3,477.80
XLFFinancial Select Sector SPDR FundState Street Global Advisors2,818.8347,054.235.99%2,818.83
GLDSPDR Gold TrustState Street Global Advisors2,504.8858,493.444.28%2,504.88
VTVVanguard Value ETFVanguard2,259.5393,174.392.43%2,259.53
XLPConsumer Staples Select Sector SPDR FundState Street Global Advisors2,170.1015,215.4614.26%2,170.10
VEAVanguard FTSE Developed Markets ETFVanguard2,112.27105,964.841.99%2,112.27
SOXLDirexion Daily Semiconductor Bull 3X SharesDirexion1,929.184,747.7340.63%1,929.18

 

Biggest Losers (January 2022)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2022 Net Flows($,M)
SPYSPDR S&P 500 ETF TrustState Street Global Advisors-18,049.56405,811.27-4.45%-18,049.56
QQQInvesco QQQ TrustInvesco-6,626.78184,930.29-3.58%-6,626.78
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-3,559.5917,230.16-20.66%-3,559.59
TLTiShares 20+ Year Treasury Bond ETFBlackrock-3,450.3215,631.52-22.07%-3,450.32
TIPiShares TIPS Bond ETFBlackrock-2,248.5835,595.77-6.32%-2,248.58
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-2,070.1935,444.28-5.84%-2,070.19
VLUEiShares MSCI USA Value Factor ETFBlackrock-1,653.7313,948.98-11.86%-1,653.73
IWFiShares Russell 1000 Growth ETFBlackrock-1,381.7268,891.31-2.01%-1,381.72
IWDiShares Russell 1000 Value ETFBlackrock-1,224.3956,702.93-2.16%-1,224.39
IVWiShares S&P 500 Growth ETFBlackrock-1,052.0235,200.56-2.99%-1,052.02

 

Biggest Losers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMJanuary 2022 Net Flows($,M)
SPYSPDR S&P 500 ETF TrustState Street Global Advisors-18,049.56405,811.27-4.45%-18,049.56
QQQInvesco QQQ TrustInvesco-6,626.78184,930.29-3.58%-6,626.78
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-3,559.5917,230.16-20.66%-3,559.59
TLTiShares 20+ Year Treasury Bond ETFBlackrock-3,450.3215,631.52-22.07%-3,450.32
TIPiShares TIPS Bond ETFBlackrock-2,248.5835,595.77-6.32%-2,248.58
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-2,070.1935,444.28-5.84%-2,070.19
VLUEiShares MSCI USA Value Factor ETFBlackrock-1,653.7313,948.98-11.86%-1,653.73
IWFiShares Russell 1000 Growth ETFBlackrock-1,381.7268,891.31-2.01%-1,381.72
IWDiShares Russell 1000 Value ETFBlackrock-1,224.3956,702.93-2.16%-1,224.39
IVWiShares S&P 500 Growth ETFBlackrock-1,052.0235,200.56-2.99%-1,052.02

 

Asset Classes (January 2022)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity8,471.184,059,819.920.21%
International Equity24,342.651,257,753.721.94%
U.S. Fixed Income-8,639.681,080,831.56-0.80%
International Fixed Income1,961.66159,249.691.23%
Commodities4,525.94140,909.043.21%
Currency-25.122,929.37-0.86%
Leveraged4,718.1661,679.427.65%
Inverse1,174.0313,426.018.74%
Asset Allocation380.1019,955.151.90%
Alternatives104.307,103.271.47%
Total:37,013.216,803,657.140.54%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity8,471.184,059,819.920.21%
International Equity24,342.651,257,753.721.94%
U.S. Fixed Income-8,639.681,080,831.56-0.80%
International Fixed Income1,961.66159,249.691.23%
Commodities4,525.94140,909.043.21%
Currency-25.122,929.37-0.86%
Leveraged4,718.1661,679.427.65%
Inverse1,174.0313,426.018.74%
Asset Allocation380.1019,955.151.90%
Alternatives104.307,103.271.47%
Total:37,013.216,803,657.140.54%

 

January 2022 ETF Issuer League Table

IssuerNet Flows ($,M)AUM ($,M)% of AUMYTD 2022 Net Flows($,M)
Blackrock-4,608.932,322,960.08-0.20%-4,608.93
Vanguard22,140.951,977,132.991.12%22,140.95
State Street Global Advisors-538.111,048,372.71-0.05%-538.11
Invesco-984.63372,588.71-0.26%-984.63
Charles Schwab4,797.62260,754.211.84%4,797.62
First Trust805.51140,091.350.57%805.51
JPMorgan Chase1,339.4871,081.961.88%1,339.48
ProShares3,610.4861,990.675.82%3,610.48
VanEck733.9458,579.871.25%733.94
WisdomTree565.9046,823.321.21%565.90
Dimensional Fund Advisors LP1,478.2043,992.573.36%1,478.20
Mirae Asset Global Investments Co., Ltd.871.1640,331.312.16%871.16
Fidelity243.5832,137.250.76%243.58
PIMCO-485.1926,187.74-1.85%-485.19
Goldman Sachs538.9126,043.822.07%538.91
Direxion2,465.4625,710.069.59%2,465.46
DWS-316.2122,624.35-1.40%-316.21
ARK-828.1421,999.61-3.76%-828.14
Northern Trust69.1520,010.180.35%69.15
CICC861.9012,705.236.78%861.90
Pacer Advisors790.6310,280.857.69%790.63
American Century Investments780.2110,092.717.73%780.21
Franklin Templeton128.039,729.591.32%128.03
SS&C193.529,058.252.14%193.52
Nuveen Securities199.127,921.682.51%199.12
Victory Capital164.187,328.642.24%164.18
Exchange Traded Concepts176.147,316.342.41%176.14
Abrdn Plc55.566,774.650.82%55.56
Innovator397.406,121.276.49%397.40
ETFMG-122.725,290.06-2.32%-122.72
John Hancock72.565,141.461.41%72.56
Janus Henderson215.174,561.594.72%215.17
New York Life-57.014,416.06-1.29%-57.01
The Hartford131.694,250.003.10%131.69
Principal-566.754,123.27-13.75%-566.75
Amplify Investments14.973,883.000.39%14.97
US Commodity Funds-358.623,829.40-9.36%-358.62
US Global Investors351.013,549.999.89%351.01
Barclays Capital Inc.-168.553,456.01-4.88%-168.55
BMO195.303,173.516.15%195.30
Toroso Investments179.983,077.475.85%179.98
Prudential23.232,163.751.07%23.23
AdvisorShares-44.731,962.59-2.28%-44.73
Roundhill Investments128.261,942.796.60%128.26
Aptus Capital Advisors22.661,868.591.21%22.66
Columbia Management Investment Advisers, LLC9.411,780.300.53%9.41
Strategy Shares188.301,655.8511.37%188.30
The Motley Fool-3.271,483.91-0.22%-3.27
Virtus Investment Partners-34.191,454.65-2.35%-34.19
Defiance ETFs-40.071,452.72-2.76%-40.07
Vident18.701,434.311.30%18.70
GraniteShares9.481,391.810.68%9.48
O’Shares Investments-4.161,359.81-0.31%-4.16
UBS0.001,341.310.00%0.00
Cambria159.831,308.8112.21%159.83
Nationwide96.331,305.877.38%96.33
BNY Mellon27.321,212.312.25%27.32
Simplify Asset Management Inc.156.071,153.7513.53%156.07
Davis Advisers-120.571,073.23-11.23%-120.57
Main Management-1.651,068.37-0.15%-1.65
Alpha Architect42.941,055.844.07%42.94
Inspire15.001,053.891.42%15.00
Horizon Kinetics LLC8.44840.471.00%8.44
Transamerica Funds0.00769.890.00%0.00
Howard Capital Management18.48663.972.78%18.48
Distillate Capital65.86644.5710.22%65.86
Merk5.63583.930.96%5.63
T. Rowe Price Group, Inc.19.79575.843.44%19.79
Credit Suisse Group AG21.16558.543.79%21.16
Tortoise13.63544.602.50%13.63
Timothy Plan21.62538.584.01%21.62
Redwood Investment Management-183.20536.11-34.17%-183.20
Liquid Strategies44.25499.198.87%44.25
ClearShares LLC101.13490.8920.60%101.13
TrimTabs2.77482.710.57%2.77
Cavalier1620.64443.874.65%20.64
Tuttle Tactical Management, LLC178.68430.4441.51%178.68
Day Hagan Asset Management30.59411.497.43%30.59
Regents Park Funds14.09370.953.80%14.09
Little Harbor Advisors-2.06342.57-0.60%-2.06
Swedish Export Credit26.37331.497.95%26.37
Sprott, Inc.2.70329.730.82%2.70
SRN Advisors-14.06306.61-4.59%-14.06
Al Marketing LLC-6.20293.19-2.11%-6.20
Renaissance Capital-22.37287.88-7.77%-22.37
Engine No. 1 LLC22.65282.018.03%22.65
Teucrium-8.45280.89-3.01%-8.45
WBI-2.05277.32-0.74%-2.05
Core Alternative Capital10.78269.194.00%10.78
Advisors Asset Management36.71241.6015.20%36.71
TrueMark Investments14.85205.767.22%14.85
Wahed Invest LLC29.12194.5014.97%29.12
Syntax Advisors0.00191.260.00%0.00
Impact Shares4.33183.002.36%4.33
Intangible Capital0.00178.870.00%0.00
Swan Global Investments18.08169.7010.66%18.08
Truist7.33160.394.57%7.33
AGF25.67149.9817.11%25.67
Wainwright, Inc.1.55136.711.13%1.55
Arrow Funds1.32129.541.02%1.32
Gadsden2.85120.862.36%2.85
Change Finance14.47117.8312.28%14.47
Rayliant Investment Research65.49116.8356.05%65.49
Kingsview Partners LLC2.69116.672.30%2.69
CornerCap Investment Counsel, Inc.3.17111.292.85%3.17
Humankind USA LLC1.43107.841.32%1.43
Pettee Investors6.9699.856.97%6.96
ProcureAM-6.2589.95-6.95%-6.25
EntrepreneurShares, LLC0.0087.750.00%0.00
Neil Azous Revocable Trust4.3485.045.10%4.34
Exponential ETFs0.0377.300.04%0.03
Emles Advisors LLC1.8476.322.41%1.84
GeaSphere LLC1.7474.332.34%1.74
Natixis2.8173.583.82%2.81
Beyond Investing4.1171.965.72%4.11
Toews Corp.16.8471.1123.68%16.84
Harbor0.0066.790.00%0.00
Absolute Investment Advisers LLC0.7155.381.28%0.71
Oneascent Holdings LLC1.2055.052.18%1.20
Federated Hermes, Inc.3.4952.826.61%3.49
Pacific Life17.6352.1433.81%17.63
Alexis Investment Partners LLC3.6351.457.06%3.63
Chadds Ford Investment Management LLC9.9349.2820.15%9.93
Guinness Atkinson Asset Management0.0049.090.00%0.00
Cohanzick Management5.9448.8012.16%5.94
Inverdale Capital Management LLC4.7147.429.93%4.71
VectorShares LLC29.4446.9162.76%29.44
Power Corporation of Canada4.8646.2110.52%4.86
Alger Group Holdings LLC0.0044.580.00%0.00
Highland Capital Management-1.5944.31-3.58%-1.59
ETF Series Solutions0.0044.080.00%0.00
Retireful LLC40.3143.4692.75%40.31
2nd Vote Value Investments, Inc0.0042.740.00%0.00
Formidable Asset Management0.0441.570.09%0.04
OBP Capital LLC9.9841.4724.07%9.98
Premise Capital0.0038.870.00%0.00
Red Gate Advisers LLC1.4337.753.79%1.43
Infusive Asset Management0.0037.620.00%0.00
Valkyrie Funds LLC-28.4737.25-76.42%-28.47
New Age Alpha Advisors LLC2.3435.856.53%2.34
Esoterica-2.7635.04-7.87%-2.76
Metaurus Advisors0.0132.920.03%0.01
Ridgeline Research LLC0.0032.180.00%0.00
Uncommon Investment Advisors LLC0.5431.831.71%0.54
ASYMmetric ETFs7.7330.1925.60%7.73
AXS Investments27.5027.6599.47%27.50
AlphaMark Advisors0.0023.430.00%0.00
Cultivar Capital, Inc.14.3423.3961.32%14.34
Knights of Columbus0.0023.200.00%0.00
Water Island Capital Partners LP-0.3022.22-1.35%-0.30
Advocate Capital Management LLC2.1919.9111.01%2.19
The Leuthold Group LLC1.5818.178.68%1.58
Mairs & Power, Inc.0.0018.040.00%0.00
Reflection Asset Management, LLC2.8615.3718.59%2.86
Changebridge Capital LLC-0.4614.53-3.18%-0.46
GAMCO Investors, Inc.0.4414.163.13%0.44
Point Bridge Capital0.0013.390.00%0.00
Future Fund Advisors-0.4312.84-3.33%-0.43
Zacks Investment Management0.0011.390.00%0.00
Applied Finance Group1.4210.7013.27%1.42
Alternative Access Funds LLC0.0010.010.00%0.00
Counterpoint Mutual Funds LLC0.009.950.00%0.00
MCCM Group LLC-1.818.57-21.09%-1.81
First Pacific Advisors LP7.668.5389.72%7.66
GCI Investors, Inc.2.688.0233.48%2.68
Cabot ETF Partners LLC-0.297.70-3.81%-0.29
Whitford Asset Management0.007.500.00%0.00
EquBot-3.117.37-42.16%-3.11
ORIX Corp.0.005.620.00%0.00
Global Beta Advisors0.005.090.00%0.00
Volt Equity LLC1.474.7730.80%1.47
Lifegoal Investments LLC0.254.765.23%0.25
Spear Advisors LLC0.524.5811.39%0.52
Jacob Asset Management-0.284.53-6.23%-0.28
VegTech LLC1.673.4248.71%1.67
Banhazl0.003.270.00%0.00
Lyrical Partners0.003.250.00%0.00
Democracy Investment Management LLC0.003.110.02%0.00
WealthTrust Asset Management LLC1.922.9664.77%1.92
Truemark Group3.102.87107.76%3.10
RBS Securities1.002.7536.29%1.00
Kelly Strategic Management LLC2.992.72109.68%2.99
Goose Hollow Capital Management LLC0.611.8433.37%0.61
Kingsbarn Capital Management LLC0.001.830.00%0.00
Dinerbao SL1.211.8366.04%1.21
V-Square Quantitative Management LLC0.001.200.00%0.00
Dalton Capital0.001.130.00%0.00
Big Data Federation, Inc.0.001.130.00%0.00
Grizzle Investment Management LLC0.220.9024.35%0.22
Wilshire Phoenix Funds LLC-1.230.51-239.71%-1.23
Inherent Wealth Fund LLC0.240.4552.51%0.24
Amberwave Partners Research & Management LLC0.000.430.00%0.00
Eaton Vance Corp.0.000.000.00%0.00
Baird Financial Group0.000.000.00%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.

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