Feb. 2021 ETF Inflows Second Largest Ever

Investors added $88.7 billion to U.S.-listed ETFs during February.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy
$4.7 billion a day. That’s how much money investors put to work in U.S.-listed ETFs during the month of February—a blistering pace that summed to $88.7 billion over February’s 19 trading sessions. That $88.7 is the second-largest monthly haul for U.S.-listed ETFs ever, behind only the $91.2 billion record set last November.

Everything from equity to fixed income ETFs picked up assets in February, though investors focused their firepower on U.S. and international stock funds.

U.S. equity ETF inflows for the month totaled $52.4 billion, while international equity ETF inflows equaled $26.3 billion. On a year-to-date basis, international equity ETFs ended February just ahead of their U.S. counterparts, $62.5 billion versus $60.5 billion.

Year-to-date inflows for U.S.-listed ETFs as a whole finished the month at $154.8 billion, more than double the $72.3 billion seen at the end of February 2020.

Investors Unfazed

Stocks continued marching to a record high during February, largely unfazed by a late-month interest rate spike. Beneath the surface, there was a bit of a rotation from growth to value, and from large caps to small caps, but nothing that signified a major trend change.

For the most part, the “everything rally” remained in tact during February. The only exception was bonds. In the year-to-date period through the end of the month, the iShares 20+ Year Treasury Bond ETF (TLT) dropped more than 9%.

TLT, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) saw some of the largest outflows of the month.

But even so, fixed income ETFs in aggregate registered net inflows of $5.2 billion in February.

Gold was another interest-rate-sensitive asset that took a hit during the month, falling to an eight-month low. The SPDR Gold Trust (GLD) had monthly redemptions of $3.8 billion.

ETF Barbell

On the inflows side of the ledger, demand continued unabated for low-cost index funds and higher-cost active funds from ARK.

The Vanguard S&P 500 ETF (VOO), the iShares Core S&P 500 ETF (IVV) and the SPDR S&P 500 ETF Trust (SPY) took the top three positions on the monthly inflows list.

Meanwhile, the ARK Innovation ETF (ARKK) and the ARK Fintech Innovation ETF (ARKF) took positions Nos. 4 and 10, with inflows of $2.4 billion and $1.7 billion, respectively.

ARK ended the month as the tenth-largest ETF issuer, with assets under management of $51.1 billion.

For a full list of the top inflows and outflows for February and the year-to-date period, see the tables below:

 

 

 

Top Gainers (February 2021)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2021 Net Flows($,M)
VOOVanguard S&P 500 ETFVanguard11,305.22194,935.235.80%12,930.11
IVViShares Core S&P 500 ETFBlackrock8,319.16249,924.163.33%6,009.93
SPYSPDR S&P 500 ETF TrustState Street Global Advisors6,862.85333,390.912.06%-2,634.28
ARKKARK Innovation ETFARK2,420.7123,337.3510.37%5,586.31
VTIVanguard Total Stock Market ETFVanguard2,211.94213,694.171.04%5,402.09
BNDVanguard Total Bond Market ETFVanguard2,010.3770,437.552.85%4,633.87
XLFFinancial Select Sector SPDR FundState Street Global Advisors1,918.6935,067.295.47%7,159.06
QQQInvesco QQQ TrustInvesco1,894.05149,621.521.27%-1,587.47
IWMiShares Russell 2000 ETFBlackrock1,889.4467,533.342.80%2,240.36
ARKFARK Fintech Innovation ETFARK1,709.104,435.7238.53%2,375.37

 

Top Gainers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMFebruary 2021 Net Flows($,M)
VOOVanguard S&P 500 ETFVanguard12,930.11194,935.236.63%11,305.22
XLFFinancial Select Sector SPDR FundState Street Global Advisors7,159.0635,067.2920.42%1,918.69
IVViShares Core S&P 500 ETFBlackrock6,009.93249,924.162.40%8,319.16
ARKKARK Innovation ETFARK5,586.3123,337.3523.94%2,420.71
VTIVanguard Total Stock Market ETFVanguard5,402.09213,694.172.53%2,211.94
BNDVanguard Total Bond Market ETFVanguard4,633.8770,437.556.58%2,010.37
IUSBiShares Core Total USD Bond Market ETFBlackrock4,445.3410,203.5643.57%785.84
EFViShares MSCI EAFE Value ETFBlackrock3,957.2011,826.4633.46%684.15
IEMGiShares Core MSCI Emerging Markets ETFBlackrock3,952.1477,777.995.08%797.09
ARKGARK Genomic Revolution ETFARK3,400.8310,551.5432.23%984.62

 

Biggest Losers (February 2021)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2021 Net Flows($,M)
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-5,332.0644,888.08-11.88%-7,712.44
GLDSPDR Gold TrustState Street Global Advisors-3,831.3862,551.13-6.13%-4,435.29
JNKSPDR Bloomberg Barclays High Yield Bond ETFState Street Global Advisors-2,029.989,814.97-20.68%-2,703.12
TLTiShares 20+ Year Treasury Bond ETFBlackrock-1,887.4513,759.80-13.72%-3,103.54
SDYSPDR S&P Dividend ETFState Street Global Advisors-1,801.3817,403.72-10.35%-744.55
USMViShares MSCI USA Min Vol Factor ETFBlackrock-1,559.3028,442.10-5.48%-4,348.13
XLPConsumer Staples Select Sector SPDR FundState Street Global Advisors-1,483.1010,351.63-14.33%-2,384.35
PFFiShares Preferred and Income Securities ETFBlackrock-1,241.2617,496.48-7.09%-1,344.93
XLVHealth Care Select Sector SPDR FundState Street Global Advisors-1,098.6024,242.61-4.53%-1,491.64
QUALiShares MSCI USA Quality Factor ETFBlackrock-1,052.9219,263.98-5.47%-2,508.10

 

Biggest Losers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMFebruary 2021 Net Flows($,M)
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-7,712.4444,888.08-17.18%-5,332.06
GLDSPDR Gold TrustState Street Global Advisors-4,435.2962,551.13-7.09%-3,831.38
USMViShares MSCI USA Min Vol Factor ETFBlackrock-4,348.1328,442.10-15.29%-1,559.30
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-3,693.9222,056.02-16.75%513.29
TLTiShares 20+ Year Treasury Bond ETFBlackrock-3,103.5413,759.80-22.56%-1,887.45
JNKSPDR Bloomberg Barclays High Yield Bond ETFState Street Global Advisors-2,703.129,814.97-27.54%-2,029.98
SPYSPDR S&P 500 ETF TrustState Street Global Advisors-2,634.28333,390.91-0.79%6,862.85
QUALiShares MSCI USA Quality Factor ETFBlackrock-2,508.1019,263.98-13.02%-1,052.92
XLPConsumer Staples Select Sector SPDR FundState Street Global Advisors-2,384.3510,351.63-23.03%-1,483.10
IWFiShares Russell 1000 Growth ETFBlackrock-2,054.7561,708.27-3.33%-966.99

 

Asset Classes (February 2021)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity52,437.883,278,345.731.60%
International Equity26,272.531,167,686.572.25%
U.S. Fixed Income5,172.74968,729.700.53%
International Fixed Income3,135.93128,088.092.45%
Commodities-2,232.46140,145.27-1.59%
Currency21.002,020.711.04%
Leveraged2,371.0650,413.564.70%
Inverse540.8912,112.584.47%
Asset Allocation258.8914,006.251.85%
Alternatives708.036,532.1110.84%
Total:88,686.495,768,080.581.54%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity60,491.893,278,345.731.85%
International Equity62,549.041,167,686.575.36%
U.S. Fixed Income20,751.87968,729.702.14%
International Fixed Income7,314.51128,088.095.71%
Commodities-1,394.11140,145.27-0.99%
Currency104.312,020.715.16%
Leveraged1,305.8450,413.562.59%
Inverse1,921.4912,112.5815.86%
Asset Allocation630.7514,006.254.50%
Alternatives1,146.046,532.1117.54%
Total:154,821.635,768,080.582.68%

 

February 2021 ETF Issuer League Table

IssuerNet Flows ($,M)AUM ($,M)% of AUMYTD 2021 Net Flows($,M)
Blackrock16,066.622,099,290.740.77%21,130.56
Vanguard31,687.161,601,105.181.98%57,807.91
State Street Global Advisors5,019.87874,941.450.57%8,509.96
Invesco5,511.52306,257.271.80%6,809.06
Charles Schwab2,909.80212,688.801.37%6,297.19
First Trust1,832.73117,575.191.56%4,316.79
VanEck148.5953,547.320.28%1,274.41
JPMorgan Chase2,858.0753,006.705.39%6,748.31
ProShares2,600.8251,377.345.06%3,281.77
ARK8,288.2351,134.5116.21%16,561.35
WisdomTree101.3840,734.570.25%497.27
Mirae Asset2,896.1727,510.6410.53%6,166.29
PIMCO-121.2026,109.91-0.46%375.30
Fidelity568.0525,149.122.26%958.67
Goldman Sachs20.7222,555.720.09%185.79
Deutsche Bank431.1721,496.922.01%754.38
Direxion779.5321,229.993.67%675.65
Northern Trust661.8115,862.054.17%817.23
Franklin Templeton212.159,001.462.36%287.04
CICC1,029.138,537.3112.05%1,656.02
SS&C147.458,265.861.78%186.08
ETFMG474.707,055.846.73%807.52
Aberdeen Standard Investments120.086,902.881.74%322.80
Exchange Traded Concepts408.996,643.426.16%767.90
Victory Capital197.406,116.533.23%288.19
Pacer Advisors101.655,919.031.72%14.46
US Commodity Funds-371.964,975.97-7.48%-1,027.23
Amplify Investments724.434,570.1515.85%1,087.04
American Century Investments349.414,561.197.66%493.54
John Hancock-798.424,505.05-17.72%-797.49
Innovator137.034,467.513.07%363.51
Janus Henderson54.684,188.151.31%264.21
New York Life8.114,116.260.20%203.88
Principal41.314,081.031.01%84.41
US Global Investors304.273,903.657.79%377.02
The Hartford-55.143,777.13-1.46%32.23
Barclays Capital Inc.584.903,413.9817.13%838.83
Nuveen Securities105.143,336.363.15%604.24
BMO44.422,597.111.71%83.22
AdvisorShares583.522,263.4225.78%1,035.65
Toroso Investments154.411,901.628.12%390.95
O’Shares Investments50.911,576.413.23%79.21
Columbia Management Investment Advisers, LLC59.291,420.754.17%155.78
GraniteShares77.381,419.255.45%121.59
Vident0.011,410.420.00%-2.30
Prudential52.091,386.903.76%36.70
Defiance ETFs113.751,294.008.79%263.75
Davis Advisers19.321,216.751.59%42.29
Aptus Capital Advisors21.801,091.572.00%99.47
UBS-11.24972.08-1.16%-25.10
Renaissance Capital58.73947.386.20%172.65
Cambria26.16936.722.79%55.20
Virtus Investment Partners22.75894.812.54%9.28
EMPIRICAL FINANCE LLC28.72854.243.36%158.96
Dimensional Holdings220.99822.2526.88%417.01
Inspire20.74788.092.63%22.57
Credit Suisse Group AG59.37760.127.81%80.28
Transamerica Funds-2.00756.09-0.26%-23.23
Main Management25.15713.263.53%27.00
BNY Mellon87.65646.8913.55%135.01
Roundhill Investments179.03616.8629.02%285.49
The Motley Fool23.27600.593.87%43.41
Nationwide43.74574.997.61%77.86
Merk28.98450.876.43%36.08
Tortoise33.45435.107.69%-8.62
Timothy Plan4.52408.521.11%3.19
Teucrium32.33382.728.45%37.38
Al Marketing LLC-6.73369.65-1.82%-8.57
SRN Advisors40.87367.3311.13%58.60
TrimTabs-9.10361.02-2.52%-10.76
Sprott, Inc.4.59347.981.32%18.18
Liquid Strategies23.87338.257.06%47.67
Strategy Shares30.92319.449.68%107.02
WBI-12.25306.78-3.99%-22.15
Tuttle Tactical Management, LLC47.78294.3016.23%138.38
Howard Capital Management8.27294.292.81%7.92
Redwood Investment Management-4.67289.02-1.62%-136.65
ClearShares LLC2.49277.480.90%2.49
Distillate Capital6.43275.852.33%51.26
Regents Park Funds-2.73271.44-1.01%12.62
OBP Capital LLC86.82254.2834.14%112.95
Swedish Export Credit17.30250.276.91%-14.32
EntrepreneurShares, LLC7.21197.013.66%4.30
T. Rowe Price Group, Inc.18.36195.239.40%42.85
Intangible Capital0.01178.040.00%0.01
Simplify Asset Management Inc.42.50169.4725.08%57.66
Donald L. Hagan LLC16.72160.7610.40%20.42
Core Alternative Capital2.81156.451.80%16.84
ProcureAM52.36142.5936.72%91.55
AGF0.97136.880.71%2.86
Arrow Funds0.00108.950.00%0.00
Little Harbor Advisors12.07106.0011.39%48.03
Gadsden2.59105.182.47%5.46
TrueMark Investments16.80101.7716.51%31.41
Cboe Vest Financial LLC4.7693.565.08%4.76
Exponential ETFs5.2088.685.87%1.48
RBS Securities84.5484.26100.33%87.04
Wahed Invest LLC5.2881.586.47%14.02
CornerCap Investment Counsel, Inc.11.2480.4213.97%16.51
Syntax Advisors0.0067.740.00%-0.30
Pettee Investors3.5059.665.87%15.54
Pacific Life0.0057.260.00%0.00
Metaurus Advisors0.0154.950.02%0.52
Natixis1.5753.782.92%2.45
Emles Advisors LLC-14.8452.88-28.07%-14.29
Esoterica11.4752.4521.86%31.64
Advisors Asset Management1.9051.163.71%4.67
iM Global Partner-1.9449.76-3.91%-8.21
Toews Corp.-1.2846.22-2.76%-2.62
Highland Capital Management-4.8645.40-10.71%-8.18
Change Finance7.2744.1016.49%10.18
MCCM Group LLC25.5444.0957.93%46.75
Premise Capital-5.3843.73-12.31%-6.89
Impact Shares2.9442.556.90%6.51
Beyond Investing2.6741.276.48%4.43
Infusive Asset Management1.7141.134.17%1.71
Absolute Investment Advisers LLC1.9140.244.76%2.55
ProFunds2.7334.357.96%28.55
ETF Series Solutions0.0025.370.00%1.21
AlphaMark Advisors-1.4124.81-5.69%-1.41
Truist2.0223.608.55%3.32
Swan Global Investments12.1722.2354.75%20.61
Guinness Atkinson Asset Management4.7820.9222.87%12.07
Neil Azous Revocable Trust0.0019.820.00%0.00
The Leuthold Group LLC0.0013.610.00%0.70
Changebridge Capital LLC2.1912.9316.93%6.21
Counterpoint Mutual Funds LLC0.0011.960.00%-0.60
Rayliant Investment Research2.7811.0125.29%8.17
Inverdale Capital Management LLC7.0711.0064.28%7.07
Point Bridge Capital0.0010.560.00%0.00
GAMCO Investors, Inc.5.0610.3648.83%5.06
Alternative Access Funds LLC0.0010.020.00%0.00
EquBot1.729.7517.65%3.34
Water Island Capital Partners LP0.006.36-0.02%0.00
2nd Vote Value Investments, Inc0.005.590.00%0.00
Ridgeline Research LLC2.145.1041.98%2.14
New Age Alpha Advisors LLC1.314.0332.48%2.57
Global Beta Advisors0.003.720.00%-4.09
Grace Partners of Dupage LP0.003.100.00%0.00
Whitford Asset Management0.002.880.00%0.00
Gotham Asset Management Holdings0.002.550.00%0.51
Reflection Asset Management, LLC0.002.370.01%0.00
Wilshire Associates, Inc.0.001.800.00%0.00
Humankind USA LLC0.000.000.00%0.00
Eaton Vance Corp.0.000.000.00%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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.