Huge $15B Haul for SPY Fuels Strong Weekly ETF Inflows
The world's largest ETF topped the inflows list last week.
Just over $35 billion flowed into U.S.-listed exchange-traded funds last week, pushing 2024 inflows up to $1.05 trillion, according to the latest data from Bloomberg.
$25 billion flowed into domestic equity ETFs last week, while over $6 billion went into domestic fixed income ETFs.
Barring a big setback in the final two weeks of the year, 2024 inflows will easily top the previous annual record of $900 billion from 2021.
Total assets under management in U.S.-listed ETFs now stand at $10.6 trillion.
SPY Leads the Way
Of last week’s inflows, nearly half went into one fund— the SPDR S&P 500 ETF Trust (SPY)— with inflows of over $15 billion.
SPY’s weekly inflows were seven times that of the next-biggest asset gatherer of the week, the Vanguard Growth ETF (VUG), with inflows of $2.4 billion.
That was followed by inflows of $1.9 billion for the Vanguard S&P 500 ETF (VOO); $1.6 billion of inflows for the Vanguard Total Stock Market ETF (VTI); and $1.5 billion of inflows for the iShares Bitcoin Trust (IBIT).
On a year-to-date basis, VOO leads all ETFs with inflows of $102 billion, well ahead of the $29 billion for SPY.
IBIT is No. 3 with inflows of $36 billion for the year, behind only VOO and the iShares Core S&P 500 ETF (IVV), which has inflows of $54 billion for 2024.
IVV Leads Weekly Outflows
While IVV has been in-demand for much of the year, it registered a hefty $9.6 billion outflow last week, the largest of any ETF by far.
The Invesco QQQ Trust (QQQ) and the iShares 20+ Year Treasury Bond ETF (TLT) were the only other ETFs to see outflows of more than $1 billion last week, with redemptions of $1.3 billion and $1.2, billion, respectively.
The SPDR Gold Trust (GLD) was another notable flows loser, with outflows of $663 million.