VOO’s $3B April Haul Tops Inflows

Still, junk bond funds in the second and third spots brought in nearly $5 billion in total.

RonDay
May 02, 2023
Edited by: Lisa Barr
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Investors last month poured the most money into a broad stock exchange-traded fund, followed by a pair of junk bond funds, as they mixed an appetite for risk with safety while navigating mixed messages sent by the economy. 

The Vanguard S&P 500 ETF (VOO) brought in $3 billion last month, raising its year-to-date total to $7.59 billion, according to etf.com data. The inflows came as the S&P 500 gained 1.4% in April. The fund now manages $290.5 billion. 

Coming in a close second was the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), which pulled in $2.85 billion. The new investments made up 19% of HYG’s $15.4 billion in assets, compared with the 1% of new assets that VOO pulled in. HYG has had a net outflow of $458.7 million so far this year.  

The third-biggest haul went to another junk bond fund, the SPDR Bloomberg High Yield Bond ETF (JNK), which grabbed $2.08 billion, or 23% of its assets under management. 

By pouring nearly $5 billion into high yield bonds, investors were on the hunt for income, while at the same time showing an appetite for risk by putting money into an S&P 500 fund. The seesawing may indicate the difficulty of navigating fears of recession and higher interest rates with a desire to boost returns with stock investing.  

Publicly traded tech companies like Alphabet Inc. and Meta Platforms Inc. both reported first-quarter earnings that topped expectations despite higher interest rates historically hurting tech firms.  

April’s biggest loser was the Invesco QQQ Trust (QQQ), which saw $2.09 billion, or 1.2%, in outflows. The fund has lost $4.15 billion this year so far. Behind that was the Xtrackers MSCI USA ESG Leaders Equity ETF (USSG), which had $2.06 billion that flowed out. 

Year to date, the iShares MSCI USA Quality Factor ETF (QUAL)’s haul of $8.64 billion is the best so far, with the inflow comprising 31% of its assets. On the losing side, QQQ’s outflows of $2.09 billion, or 1.2% of assets, was the most. 

 

For a full list of April's top inflows and outflows, see the tables below:      

 

Top Gainers (April 2023)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2023 Net Flows($,M)
VOOVanguard S&P 500 ETFVanguard2,999.83290,525.351.03%7,593.53
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock2,850.9915,386.6018.53%-458.72
JNKSPDR Bloomberg High Yield Bond ETFState Street Global Advisors2,082.338,985.9823.17%-673.89
USCAXtrackers MSCI USA Climate Action Equity ETFDWS2,039.152,056.4099.16%2,039.15
XLFFinancial Select Sector SPDR FundState Street Global Advisors1,625.5531,781.605.11%1,871.90
TLTiShares 20+ Year Treasury Bond ETFBlackrock1,572.4035,660.724.41%7,420.27
BNDVanguard Total Bond Market ETFVanguard1,550.8292,063.511.68%5,036.22
JEPIJPMorgan Equity Premium Income ETFJPMorgan Chase1,530.9325,031.966.12%7,404.04
IVViShares Core S&P 500 ETFBlackrock1,479.83309,130.040.48%-2,787.83
QUALiShares MSCI USA Quality Factor ETFBlackrock1,408.9128,237.554.99%8,640.87

 

Top Gainers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMApril 2023 Net Flows($,M)
QUALiShares MSCI USA Quality Factor ETFBlackrock8,640.8728,237.5530.60%1,408.91
VOOVanguard S&P 500 ETFVanguard7,593.53290,525.352.61%2,999.83
TLTiShares 20+ Year Treasury Bond ETFBlackrock7,420.2735,660.7220.81%1,572.40
JEPIJPMorgan Equity Premium Income ETFJPMorgan Chase7,404.0425,031.9629.58%1,530.93
BBEUJPMorgan BetaBuilders Europe ETFJPMorgan Chase5,707.649,608.4059.40%0.00
BNDVanguard Total Bond Market ETFVanguard5,036.2292,063.515.47%1,550.82
SCHISchwab 5-10 Year Corporate Bond ETFCharles Schwab4,728.445,105.7392.61%107.48
IEFiShares 7-10 Year Treasury Bond ETFBlackrock4,626.1928,227.3216.39%-1,565.49
AGGiShares Core U.S. Aggregate Bond ETFBlackrock4,146.3388,688.564.68%796.81
SQQQProShares UltraPro Short QQQProShares4,098.005,766.2971.07%698.61

 

Biggest Losers (April 2023)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2023 Net Flows($,M)
QQQInvesco QQQ TrustInvesco-2,087.80170,198.34-1.23%-4,152.98
USSGXtrackers MSCI USA ESG Leaders Equity ETFDWS-2,061.691,196.99-172.24%-1,990.84
IEFiShares 7-10 Year Treasury Bond ETFBlackrock-1,565.4928,227.32-5.55%4,626.19
SPTISPDR Portfolio Intermediate Term Treasury ETFState Street Global Advisors-1,466.804,270.50-34.35%563.16
ACWIiShares MSCI ACWI ETFBlackrock-1,250.1517,491.59-7.15%-2,165.20
IWDiShares Russell 1000 Value ETFBlackrock-825.1950,049.72-1.65%-4,826.76
VCSHVanguard Short-Term Corporate Bond ETFVanguard-815.1536,754.31-2.22%-4,437.84
VGTVanguard Information Technology ETFVanguard-800.8645,615.81-1.76%-1,240.07
RSPInvesco S&P 500 Equal Weight ETFInvesco-796.8633,264.94-2.40%166.60
ESGUiShares ESG Aware MSCI USA ETFBlackrock-782.6613,501.69-5.80%-7,195.27

 

Biggest Losers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMApril 2023 Net Flows($,M)
SPYSPDR S&P 500 ETF TrustState Street Global Advisors-7,400.48377,102.76-1.96%-392.46
ESGUiShares ESG Aware MSCI USA ETFBlackrock-7,195.2713,501.69-53.29%-782.66
IWDiShares Russell 1000 Value ETFBlackrock-4,826.7650,049.72-9.64%-825.19
IWFiShares Russell 1000 Growth ETFBlackrock-4,497.2863,018.41-7.14%-645.85
VCSHVanguard Short-Term Corporate Bond ETFVanguard-4,437.8436,754.31-12.07%-815.15
QQQInvesco QQQ TrustInvesco-4,152.98170,198.34-2.44%-2,087.80
EEMViShares MSCI Emerging Markets Min Vol Factor ETFBlackrock-3,765.204,727.61-79.64%-38.90
IWMiShares Russell 2000 ETFBlackrock-3,523.9248,749.98-7.23%-115.75
TQQQProShares UltraPro QQQProShares-2,797.9413,364.22-20.94%-483.41
IVViShares Core S&P 500 ETFBlackrock-2,787.83309,130.04-0.90%1,479.83

 

Asset Classes (April 2023)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity10,205.114,053,191.930.25%
International Equity2,815.341,262,388.870.22%
U.S. Fixed Income14,534.851,239,986.221.17%
International Fixed Income2,001.12147,295.231.36%
Commodities239.57138,099.640.17%
Currency-68.783,552.72-1.94%
Leveraged410.8655,881.820.74%
Inverse1,230.1523,664.285.20%
Asset Allocation-19.2515,898.48-0.12%
Alternatives77.617,267.821.07%
Total:31,426.576,947,226.990.45%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity6,604.264,053,191.930.16%
International Equity31,845.831,262,388.872.52%
U.S. Fixed Income61,500.181,239,986.224.96%
International Fixed Income7,241.14147,295.234.92%
Commodities-143.24138,099.64-0.10%
Currency-577.433,552.72-16.25%
Leveraged2,141.7555,881.823.83%
Inverse5,152.9523,664.2821.78%
Asset Allocation-2,189.9815,898.48-13.77%
Alternatives-76.417,267.82-1.05%
Total:111,499.076,947,226.991.60%

 

April 2023 ETF Issuer League Table

IssuerNet Flows ($,M)AUM ($,M)% of AUMYTD 2023 Net Flows($,M)
Blackrock7,733.632,313,161.360.33%4,009.39
Vanguard9,650.202,022,048.950.48%34,766.58
State Street Global Advisors5,688.951,026,732.380.55%-1,623.29
Invesco-1,796.54358,596.40-0.50%-511.92
Charles Schwab783.03280,865.050.28%11,505.45
First Trust117.01136,699.930.09%2,022.20
JPMorgan Chase1,987.32111,110.571.79%18,007.91
Dimensional2,223.8284,670.352.63%9,496.90
ProShares1,039.6363,855.551.63%3,885.11
VanEck-753.2956,896.28-1.32%-179.42
WisdomTree326.0953,904.180.60%2,902.55
Mirae Asset Global Investments Co., Ltd.230.1138,108.680.60%784.86
Fidelity158.2733,132.520.48%868.11
Goldman Sachs-363.5227,245.77-1.33%1,054.61
Direxion336.2625,819.181.30%2,109.27
Pacer Advisors501.7623,504.482.13%3,958.34
American Century Investments782.0423,303.283.36%3,745.15
Northern Trust26.7020,980.920.13%10.49
PIMCO-105.4520,847.08-0.51%-876.06
DWS278.7319,896.591.40%632.11
Innovator537.4313,230.624.06%1,590.10
ARK-274.4011,818.37-2.32%-465.44
Franklin Templeton178.6111,500.461.55%1,110.57
SS&C-37.3210,615.17-0.35%-54.29
Capital Group529.128,687.906.09%2,250.62
CICC-103.938,423.62-1.23%-738.23
Victory Capital-70.387,903.73-0.89%-114.04
WisdomTree Investments, Inc.44.287,721.390.57%407.71
Nuveen Securities-4.407,679.40-0.06%195.30
Janus Henderson173.486,550.232.65%950.37
Abrdn Plc146.856,447.502.28%209.35
John Hancock56.395,245.931.07%133.88
Prudential101.674,759.762.14%558.57
Exchange Traded Concepts-75.754,604.70-1.65%-184.65
Amplify Investments75.524,379.381.72%375.26
The Hartford-0.114,024.750.00%65.01
BMO82.353,998.022.06%377.62
New York Life-8.053,970.39-0.20%-115.69
BNY Mellon73.893,760.051.97%2,303.85
ETFMG-22.003,690.60-0.60%-48.57
Alpha Architect116.273,510.713.31%550.97
Marygold-206.523,507.33-5.89%608.72
Tidal36.883,300.561.12%406.80
Principal215.402,404.888.96%107.17
Cambria23.041,888.691.22%104.56
Barclays Capital Inc.56.661,879.143.02%108.20
US Global Investors1.391,835.510.08%-338.56
Aptus Capital Advisors-62.661,784.59-3.51%-79.20
Power Corporation of Canada12.191,539.920.79%1,356.91
Main Management24.281,455.941.67%130.45
Columbia Management Investment Advisers, LLC74.521,390.115.36%62.35
Simplify31.341,387.452.26%-77.95
Vident11.531,360.740.85%-43.17
GraniteShares10.751,333.310.81%-3.88
Renaissance Health Service Corp.239.611,310.0918.29%899.40
Virtus Investment Partners3.201,310.060.24%43.47
Sprott, Inc.18.451,276.531.45%93.63
Bondbloxx Investment Management LLC363.521,222.9629.72%670.06
Horizon Kinetics-22.231,174.21-1.89%-70.99
Inspire Investing LLC9.011,168.510.77%64.50
The Motley Fool1.761,148.690.15%-26.58
Strategy Shares-26.271,140.74-2.30%-79.99
UBS-152.601,095.63-13.93%-148.33
Distillate Capital6.661,043.040.64%79.57
AdvisorShares7.671,036.530.74%-25.16
T. Rowe Price Group, Inc.4.70991.490.47%82.16
AXS Investments17.49960.031.82%311.79
Davis Advisers-8.97905.86-0.99%14.08
ORIX73.12896.008.16%236.79
Defiance ETFs-10.05843.06-1.19%-63.87
Focus Financial Partners12.38811.911.53%166.38
Litman Gregory Capital Partners LLC-51.82740.25-7.00%-132.81
Timothy Plan-3.45726.57-0.48%80.07
Redwood-51.10671.75-7.61%-40.51
Roundhill Investments-3.57598.62-0.60%-28.88
Tortoise-1.96572.33-0.34%-61.24
Credit Suisse Group AG-23.53551.92-4.26%-43.52
Engine No. 15.77551.411.05%60.35
Equitable34.43539.636.38%234.67
ClearShares LLC-2.69516.32-0.52%23.84
Advisors Asset Management3.72515.780.72%87.97
Howard Capital Management-3.53510.23-0.69%-6.77
Core Alternative Capital-10.26496.30-2.07%-56.80
Nationwide-10.90488.90-2.23%-63.86
Day Hagan Asset Management4.54481.730.94%-24.97
Teucrium11.25469.142.40%-80.32
Anfield Group-3.08459.40-0.67%-9.95
AGF-1.17404.94-0.29%13.06
Doubleline ETF Adviser LP36.34388.509.35%113.08
Liquid Strategies-0.59373.10-0.16%-45.00
FCF Advisors1.16371.110.31%44.57
Aptus Holdings LLC56.57351.9216.07%117.24
Neuberger Berman-7.14319.04-2.24%89.74
Retireful LLC-8.28288.19-2.87%-25.34
Adaptive Investments0.36276.280.13%14.61
Wahed Invest LLC5.84272.452.14%26.82
Morgan Stanley39.22265.3314.78%39.22
Oneascent Holdings LLC14.81265.275.58%16.86
Cary Street Partners Financial LLC /VA/10.70233.634.58%37.83
Volatility Shares LLC73.77225.3232.74%116.83
WBI-1.34207.45-0.64%-6.10
Western & Southern Mutual Holding Co.1.25207.430.60%1.25
AmeriLife-4.07204.41-1.99%-19.06
Matthews International Capital Management-8.72189.48-4.60%80.71
Truemark Group-2.06188.50-1.09%-12.11
Impact Shares6.09187.813.24%11.79
Little Harbor Advisors-5.83186.19-3.13%-42.96
Syntax-6.83184.51-3.70%-4.29
CI Financial-3.44163.39-2.10%-0.82
CornerCap Investment Counsel, Inc.1.00152.810.65%9.49
Kingsview Partners LLC-0.63152.02-0.41%-28.05
Stf Management LP3.57151.882.35%-13.56
Truist-0.56150.00-0.37%0.10
Rayliant0.79137.730.57%7.42
Renaissance Capital0.00135.610.00%-13.70
SRN Advisors0.00132.680.00%-12.26
Humankind USA LLC0.00127.040.00%-1.42
Intangible Capital-3.99126.68-3.15%-7.88
Thrivent Financial for Lutherans7.06125.455.63%53.60
Neil Azous Revocable Trust-1.28122.75-1.04%1.71
Swan Global Investments-2.48120.30-2.06%-12.00
Summit Global Investments, LLC111.84116.8495.72%116.84
OBP Capital LLC0.00116.140.00%5.05
Thor Trading Advisors LLC-8.41113.58-7.41%25.87
IronHorse Holdings-0.35110.31-0.32%5.90
Arrow Funds-2.41107.25-2.25%-8.97
Federated Hermes, Inc.5.56106.805.20%33.57
Paralel Technologies LLC-0.06105.54-0.06%2.78
Baird Financial Group-0.11103.35-0.11%7.30
Soundwatch Capital LLC-0.56102.78-0.55%-0.61
Absolute Investment Advisers LLC2.1495.562.24%5.67
Toews Corp.0.5689.010.63%3.52
Angel Oak Capital Advisors, LLC3.0383.883.61%8.07
Natixis3.5378.094.52%11.44
First Manhattan Co.0.0073.800.00%-0.07
Inverdale Capital Management LLC4.8771.656.79%4.97
SEI Investments1.8868.682.74%3.78
Exponential ETFs-0.0668.54-0.08%-0.06
Panagram Structured Asset Management, LLC0.0068.150.00%68.11
Cohanzick Management1.4867.132.20%3.95
Beyond Investing0.0065.630.00%0.00
Water Island Capital0.0065.04-0.01%-22.56
Pettee Investors0.4064.910.62%6.19
The Leuthold Group LLC0.0064.340.00%2.98
Alexis Investment Partners LLC-0.2563.39-0.39%8.68
Neos Investments LLC25.7461.9641.53%53.93
EntrepreneurShares, LLC6.5460.6810.78%6.05
Formidable Asset Management0.6255.671.10%1.75
Q3 Asset Management Corp.-0.2454.84-0.43%4.60
Clockwise Capital LLC-0.0154.27-0.02%12.54
2nd Vote Value Investments, Inc2.3048.304.76%3.95
ProcureAM-0.9248.11-1.92%-4.85
Logan Capital Management Inc.0.0047.980.00%0.82
GeaSphere LLC0.0047.430.00%-6.75
Client First Investment Management LLC-0.0147.08-0.02%33.27
Cambiar Holdings-0.4646.13-1.00%-0.25
Guinness Atkinson Asset Management1.9545.004.33%1.02
Hennessy Advisors0.2644.990.58%0.80
Valkyrie Funds LLC2.6940.836.59%4.22
Alger-0.6640.54-1.63%0.29
Goose Hollow Capital Management LLC3.8640.489.53%14.85
Ridgeline Research LLC0.7939.931.97%3.89
ETF Series Solutions0.0037.330.00%-5.56
Zacks4.7637.1412.82%18.35
First Pacific Advisors LP0.5634.311.64%3.36
Advocate Capital Management LLC-0.7830.92-2.51%2.71
Sheaff Brock Capital Management LLC0.0028.580.00%0.48
GAMCO Investors, Inc.-0.3328.35-1.17%0.95
ASYMmetric ETFs0.0026.44-0.01%0.79
Highland Capital Management0.0026.31-0.02%-0.01
DoubleLine Capital LP26.0526.1499.66%26.05
Cultivar Capital, Inc.0.0025.110.00%1.21
PMV Capital Advisers LLC0.0025.060.00%-3.07
Alphatrai Funds, Inc.0.0025.000.00%12.14
Convergence Investment Partners, LLC0.0224.320.10%0.03
AlphaMark Advisors0.0022.900.00%-0.06
Reflection Asset Management, LLC0.0022.650.02%1.23
Faith Investor Services, LLC0.2322.411.01%1.12
Knights of Columbus0.0018.900.00%0.00
Point Bridge Capital0.0018.760.00%0.89
Mairs & Power, Inc.0.0018.590.00%0.88
Applied Finance Group-0.0118.49-0.04%1.80
Build Asset Management LLC0.5717.723.23%-13.79
Subversive Capital Advisor LLC0.0013.870.00%11.18
Lifegoal Investments LLC0.0012.710.00%3.03
Tuttle Tactical Management, LLC-1.0012.24-8.14%5.45
WealthTrust Asset Management LLC0.5111.774.37%0.51
Democracy Investment Management LLC0.0011.770.01%6.40
Changebridge Capital LLC0.0011.520.00%0.66
The BAD Investment Company0.009.100.00%0.02
Counterpoint Mutual Funds LLC0.007.890.00%0.52
Future Fund Advisors0.007.840.00%-1.03
Rcube SAS0.566.908.05%1.14
Lyrical Partners0.005.650.00%-13.57
VegTech LLC0.005.090.00%0.00
Digital Currency Group, Inc.0.004.780.00%-0.24
Cboe Vest Financial LLC1.284.5727.98%3.93
V-Square Quantitative Management LLC0.003.710.00%0.00
Emerge Capital Management, Inc.0.503.5214.14%0.50
Sammons Enterprises, Inc.3.003.5085.74%3.00
Kelly Intelligence LLC0.003.430.00%0.27
Dynamic Shares LLC0.003.120.00%0.00
Jacob Asset Management0.002.880.00%0.01
Spear Advisors LLC0.002.810.00%0.36
Element ETFs LLC0.002.660.00%-1.89
Hypatia Capital Advisors LLC0.262.2311.50%2.10
Penserra Capital Management LLC0.002.140.00%0.00
Dalton Capital0.001.770.00%0.42
Kingsbarn Capital Management LLC0.571.7133.32%0.58
Convexityshares, LLC0.001.550.00%0.37
Merk-0.231.35-16.79%-0.23
Bitwise Asset Management, Inc.0.011.350.79%-1.12
Inherent Wealth Fund LLC-0.201.25-16.35%-0.20
Grizzle Investment Management LLC0.001.090.00%0.00
Tradelegs LLC0.000.540.00%0.00
Parabla, LLC0.290.4861.98%0.29
Calamos Family Partners0.000.000.00%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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