VGSH Topped December Flows as Rates Stay High

Small cap fund IWM and core S&P ETF IVV each pulled in more than $1 bln.

LucyBrewster310x310
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Finance Reporter
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Reviewed by: Ron Day
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Edited by: etf.com Staff

With an improving stock market driving record inflows in the second half of 2023, assets in ETFs ballooned to nearly $8 trillion by the end of the year. 

The $22 billion Vanguard Short-Term Treasury Index Fund (VGSH) came in first for inflows in December, accumulating $1.3 billion and rising 6.41% on the heels of the Federal Reserve declining to raise interest rates in November. In fact, fixed income reigned in terms of inflows in December. The month saw $24.1 billion into fixed income funds, bringing the 2023 total inflows to $210 billion, the second highest ever for bond ETFs in one year, according to State Street’s industry data.  

The iShares Russel 2000 (IWM), which offers investors exposure to market weighted small cap stocks, saw $1.3 billion in inflows over December as the fund’s assets under management rose only 2% over the month.  

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change<
VGSHVanguard Short-Term Treasury Index Fund1,429.3522,293.816.41%
IWMiShares Russell 2000 ETF1,320.3367,849.721.95%
IVViShares Core S&P 500 ETF1,195.68399,874.520.30%
VTIVanguard Total Stock Market ETF995.75347,957.330.29%
QQQInvesco QQQ Trust657.02230,067.860.29%
XLPConsumer Staples Select Sector SPDR Fund543.7115,179.703.58%
TLTiShares 20+ Year Treasury Bond ETF531.6651,626.561.03%
BNDXVanguard Total International Bond ETF453.7354,480.440.83%
BNDVanguard Total Bond Market ETF360.82104,802.620.34%
IGSBiShares 1-5 Year Investment Grade Corporate Bond ETF335.5121,458.971.56%



 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,660.42493,539.33-0.34%
SQQQProShares UltraPro Short QQQ-382.123,270.86-11.68%
XLBMaterials Select Sector SPDR Fund-286.285,070.06-5.65%
USCLiShares Climate Conscious & Transition MSCI USA ETF-275.371,808.93-15.22%
XLIIndustrial Select Sector SPDR Fund-273.5315,335.70-1.78%
DIASPDR Dow Jones Industrial Average ETF Trust-262.3832,457.18-0.81%
USCAXtrackers MSCI USA Climate Action Equity ETF-260.431,866.76-13.95%
IWBiShares Russell 1000 ETF-249.2032,376.76-0.77%
SHProShares Short S&P500-200.161,261.25-15.87%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-191.7633,354.20-0.57%



 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
Alternatives-62.596,587.45-0.95%
Asset Allocation41.4116,851.830.25%
Commodities-66.50131,706.55-0.05%
Currency23.273,553.130.65%
International Equity1,218.601,375,048.210.09%
International Fixed Income886.37169,651.870.52%
Inverse-1,637.6713,973.85-11.72%
Leveraged1,516.0985,397.061.78%
U.S. Equity5,660.764,984,400.130.11%
U.S. Fixed Income4,838.761,357,733.270.36%
Total:12,418.518,144,903.350.15%



 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
Alternatives-107.486,587.45-1.63%
Asset Allocation-1,763.1516,851.83-10.46%
Commodities-9,108.59131,706.55-6.92%
Currency-834.003,553.13-23.47%
International Equity82,240.901,375,048.215.98%
International Fixed Income30,109.89169,651.8717.75%
Inverse3,094.9813,973.8522.15%
Leveraged2,576.0485,397.063.02%
U.S. Equity306,651.124,984,400.136.15%
U.S. Fixed Income175,383.581,357,733.2712.92%
Total:588,243.298,144,903.357.22%



 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume 
(30 Day)
1 Week Average 
Volume
% of Average
GFEBFT Cboe Vest U.S. Equity Moderate Buffer ETF - February55,8411,119,320.002,004.48%%
QMARFT Cboe Vest Nasdaq-100 Buffer ETF - March65,8001,186,112.001,802.61%%
CILVictoryShares International Volatility Wtd ETF3,43257,334.001,670.78%%
KAPRInnovator U.S. Small Cap Power Buffer ETF - April55,324596,180.001,077.61%%
SVALiShares U.S. Small Cap Value Factor ETF18,062192,368.001,065.03%%
KJANInnovator U.S. Small Cap Power Buffer ETF - January78,184800,232.001,023.52%%
FLSPFranklin Systematic Style Premia ETF64,006640,307.001,000.39%%
SCJiShares MSCI Japan Small-Cap ETF16,222158,760.00978.69%%
FTXOFirst Trust Nasdaq Bank ETF64,597585,282.00906.06%%
FEMBFirst Trust Emerging Markets Local Currency Bond ETF79,305700,089.00882.78%%



 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF7.18%589,67061.11%
RAYSGlobal X Solar ETF4.61%11,3457.12%
CNXTVanEck ChiNext ETF4.39%69,20817.22%
KGRNKraneShares MSCI China Clean Technology Index ETF4.36%34,01866.91%
CANETeucrium Sugar Fund4.28%131,89117.73%
UNGUnited States Natural Gas Fund LP3.84%41,306,751973.83%
KBUYKraneShares CICC China Consumer Leaders Index ETF3.80%6,2804.38%
KBAKraneShares Bosera MSCI China A 50 Connect Index ETF3.30%244,857280.23%
KFVGKraneShares CICC China 5G & Semiconductor Index ETF3.16%6,57011.18%
MCHMatthews China Active ETF3.11%160,59721.66%



 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF304.07%-5.75%73.31%
DAPPVanEck Digital Transformation ETF285.02%-4.84%95.13%
SATOInvesco Alerian Galaxy Crypto Economy ETF266.36%-4.48%8.44%
BITQBitwise Crypto Industry Innovators ETF246.77%-4.06%143.36%
BITSGlobal X Blockchain and Bitcoin Strategy ETF214.01%-15.19%25.38%
IBLCiShares Blockchain and Tech ETF201.57%-4.64%19.02%
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF193.86%-4.31%35.81%
FDIGFidelity Crypto Industry and Digital Payments ETF166.00%-3.59%80.84%
BITOProShares Bitcoin Strategy ETF137.33%-2.30%1,700.13%
GFOFGrayscale Future of Finance ETF136.23%-7.39%7.19%



 

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.

Lucy Brewster is a finance reporter at etf.com covering asset managers, emerging technologies, and regulation. She hosts etf.com webinars and appears on Exchange Traded Fridays, etf.com’s flagship podcast. She previously was a finance fellow at Fortune Magazine where she covered markets, investment strategy, and venture capital. She has also been a freelancer writer at the publication Mergers & Acquisitions and a research fellow at the Historic Hudson Valley. 

She graduated from Vassar College in 2022 with a degree in History and was an editor of The Miscellany News, the college's award winning student run newspaper. 

Lucy lives in Brooklyn, NY, and in her free time she loves to run and find new recipes to cook.