Annual ETF Inflows Top $400B For 2nd Time
Year-to-date inflows topped $400 billion, while assets under management crossed $5 trillion.
Positive news on the coronavirus vaccine front gave investors the confidence to pile into U.S.-listed ETFs this week. On net, $32.7 billion entered the space during the week ending Thursday, Nov. 12, pushing year-to-date inflows above $400 billion. That makes 2020 only the second year in which ETFs have crossed that milestone.
In 2017, ETFs ended the year with a record $476.1 billion of inflows. For comparison, inflows stood at $246.6 billion at this same point last year.
This week also had another milestone thanks to the combination of strong inflows and rising asset prices. For the first time, assets under management in U.S.-listed ETFs surpassed $5 trillion, leaving them nearly $900 billion above where they were a year ago.
Winners & Losers
Of this week's inflows, the vast majority went into U.S. equity ETFs. That segment picked up $27.2 billion of fresh cash thanks to strong interest in the SPDR S&P 500 ETF Trust (SPY), the Vanguard Total Stock market ETF (VTI) and the iShares Russell 2000 ETF (IWM).
Earlier this week, the S&P 500 surged to just shy of a record high after Pfizer and BioNTech announced that their COVID-19 vaccine candidate was surprisingly effective, based on preliminary data. The small cap Russell 2000 notched a new record-high close for the first time since August 2018.
While U.S. equity ETFs took in the bulk of this week's inflows, more modest sums of money headed into international equity ETFs and fixed income ETFs.
The Vanguard Total International Stock ETF (VXUS), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the Vanguard Total Bond Market ETF (BND) were winners in those areas.
On the other hand, the Invesco QQQ Trust (QQQ), the iShares 7-10 Year Treasury Bond ETF (IEF), the iShares 20+ Year Treasury Bond ETF (TLT) and the SPDR Gold Trust (GLD) were among the biggest flows losers of the week.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 11,664.84 | 322,383.87 | 3.62% |
VTI | Vanguard Total Stock Market ETF | 2,020.35 | 181,387.23 | 1.11% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,588.57 | 27,420.54 | 5.79% |
IWM | iShares Russell 2000 ETF | 1,405.27 | 48,643.92 | 2.89% |
VXUS | Vanguard Total International Stock ETF | 1,023.16 | 32,538.13 | 3.14% |
BND | Vanguard Total Bond Market ETF | 894.00 | 64,559.51 | 1.38% |
IVV | iShares Core S&P 500 ETF | 848.18 | 230,203.97 | 0.37% |
XLI | Industrial Select Sector SPDR Fund | 777.81 | 14,318.28 | 5.43% |
XLF | Financial Select Sector SPDR Fund | 696.35 | 20,660.70 | 3.37% |
VOO | Vanguard S&P 500 ETF | 614.51 | 173,324.06 | 0.35% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | -1,379.20 | 138,554.69 | -1.00% |
IEF | iShares 7-10 Year Treasury Bond ETF | -939.38 | 18,273.42 | -5.14% |
TLT | iShares 20+ Year Treasury Bond ETF | -862.94 | 17,659.63 | -4.89% |
GLD | SPDR Gold Trust | -780.88 | 74,129.59 | -1.05% |
XLP | Consumer Staples Select Sector SPDR Fund | -507.80 | 13,774.88 | -3.69% |
GOVT | iShares U.S. Treasury Bond ETF | -414.97 | 14,471.00 | -2.87% |
SHY | iShares 1-3 Year Treasury Bond ETF | -397.22 | 20,809.92 | -1.91% |
HYLB | Xtrackers USD High Yield Corporate Bond ETF | -391.15 | 6,861.59 | -5.70% |
SHV | iShares Short Treasury Bond ETF | -376.31 | 19,622.96 | -1.92% |
AGG | iShares Core U.S. Aggregate Bond ETF | -364.69 | 80,968.36 | -0.45% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 27,160.40 | 2,878,563.90 | 0.94% |
International Equity | 4,928.86 | 941,915.06 | 0.52% |
U.S. Fixed Income | 1,854.74 | 940,876.48 | 0.20% |
International Fixed Income | 987.74 | 115,595.44 | 0.85% |
Commodities | -471.67 | 144,648.15 | -0.33% |
Currency | -33.59 | 1,888.90 | -1.78% |
Leveraged | -1,148.01 | 39,464.69 | -2.91% |
Inverse | -636.42 | 12,129.75 | -5.25% |
Asset Allocation | 39.25 | 12,372.03 | 0.32% |
Alternatives | 39.74 | 5,103.14 | 0.78% |
Total: | 32,721.05 | 5,092,557.55 | 0.64% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 128,103.71 | 2,878,563.90 | 4.45% |
International Equity | 28,642.41 | 941,915.06 | 3.04% |
U.S. Fixed Income | 162,785.09 | 940,876.48 | 17.30% |
International Fixed Income | 18,872.51 | 115,595.44 | 16.33% |
Commodities | 44,774.73 | 144,648.15 | 30.95% |
Currency | 560.24 | 1,888.90 | 29.66% |
Leveraged | 1,042.09 | 39,464.69 | 2.64% |
Inverse | 13,039.12 | 12,129.75 | 107.50% |
Asset Allocation | 2,340.58 | 12,372.03 | 18.92% |
Alternatives | 84.49 | 5,103.14 | 1.66% |
Total: | 400,244.96 | 5,092,557.55 | 7.86% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
FUD | ETRACS UBS Bloomberg CMCI Food Total Return ETN | 25.95% | 9,875 | 6.24 |
IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 19.79% | 593,095 | 139.61 |
TUR | iShares MSCI Turkey ETF | 19.52% | 2,484,358 | 244.10 |
PXE | Invesco Dynamic Energy Exploration & Production ETF | 19.47% | 66,963 | 14.70 |
FCG | First Trust Natural Gas ETF | 19.00% | 3,325,689 | 92.89 |
XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 18.95% | 42,013,798 | 2,028.80 |
RYE | Invesco S&P 500 Equal Weight Energy ETF | 18.74% | 293,314 | 47.56 |
PSCE | Invesco S&P SmallCap Energy ETF | 17.66% | 277,742 | 15.57 |
PXI | Invesco DWA Energy Momentum ETF | 17.29% | 46,383 | 15.92 |
XES | SPDR S&P Oil & Gas Equipment & Services ETF | 17.25% | 333,763 | 89.68 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
TAN | Invesco Solar ETF | 142.95% | -0.95% | 2,115.18 |
QCLN | First Trust NASDAQ Clean Edge Green Energy Index Fund | 123.07% | 2.22% | 1,037.25 |
PBW | Invesco WilderHill Clean Energy ETF | 120.40% | 2.43% | 1,123.40 |
ARKG | ARK Genomic Revolution ETF | 118.08% | 0.43% | 3,301.50 |
ARKW | ARK Next Generation Internet ETF | 104.24% | -6.02% | 3,167.33 |
KGRN | KraneShares MSCI China Environment Index ETF | 103.58% | 0.18% | 39.08 |
ARKK | ARK Innovation ETF | 97.26% | -3.28% | 10,927.75 |
IBUY | Amplify Online Retail ETF | 88.76% | -3.98% | 1,074.04 |
XVZ | iPath S&P 500 Dynamic VIX ETN | 87.73% | -2.89% | 12.57 |
CNRG | SPDR S&P Kensho Clean Power ETF | 87.25% | 2.29% | 103.42 |
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.