‘BUZZ’ Adds To Solid Weekly ETF Inflows

The ETF picked up $280 million of fresh cash this week, while overall U.S.-listed ETF inflows totaled $12.5 billion.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Growth stocks were pummeled this week, but the blood bath in individual names didn’t show up in ETF flows. On net, investors added to their ETF holdings, focusing their buying power on broad market stock and bond funds.

U.S. equity ETFs, international equity ETFs and U.S. fixed income ETFs picked up $3.3 billion, $5.9 billion and $3.8 billion in weekly inflows, respectively, powering overall U.S.-listed ETFs inflows to $12.5 billion.

Year-to-date inflows now stand at $164.9 billion, compared with $86.9 billion at this same time a year ago.

‘BUZZ’-iest ETF Of The Week

Even though plain vanilla ETFs were the biggest flows winner of the week, investors still had an appetite for risk. They scooped up the newly minted VanEck Vectors Social Sentiment ETF (BUZZ), which is backed by Barstool Sports founder David Portnoy.

In its first session, the fund traded 18.2 million shares and collected more than $280 million of fresh cash.

According to issuer VanEck, BUZZ tracks “the performance of the 75 large cap U.S. stocks which exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources including social media, news articles, blog posts and other alternative datasets.”

BUZZ is cashing in on the current investor zeitgeist, where hordes of retail investors seek to profit by sharing stock tips on message boards and other social media. The ETF’s current top holdings include Ford, DraftKings, Twitter, Facebook and American Airlines.

Notably missing from the portfolio is GameStop, the retail video game store that became the darling of the WallStreetBets subreddit and captured national headlines for a few weeks earlier this year.

(Use our stock finder tool to find an ETF’s allocation to a certain stock.)

‘QQQ’ Sheds Assets

In addition to BUZZ, other ETFs to see inflows this week included the Vanguard FTSE Emerging Markets ETF (VWO), the iShares Russell 2000 ETF (IWM) and the iShares Core Emerging Markets ETF (IEMG).

International equity ETFs remain the most in-demand segment among ETF investors this year.

Meanwhile, on the outflows side of the ledger, the Invesco QQQ Trust (QQQ) had the largest redemptions of the week—unsurprising considering the battering that technology and biotechnology stocks took during the period.

For a full list of this week’s top inflows and outflows, see the tables below:

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VWOVanguard FTSE Emerging Markets ETF1,254.1179,162.051.58%
IWMiShares Russell 2000 ETF1,205.5668,679.551.76%
IEMGiShares Core MSCI Emerging Markets ETF1,048.5378,473.101.34%
XLFFinancial Select Sector SPDR Fund1,045.1336,346.572.88%
TLTiShares 20+ Year Treasury Bond ETF993.0414,838.806.69%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF962.8745,851.432.10%
VTIVanguard Total Stock Market ETF896.00213,812.280.42%
JNKSPDR Bloomberg Barclays High Yield Bond ETF890.2110,416.888.55%
VOOVanguard S&P 500 ETF770.18194,965.310.40%
VSSVanguard FTSE All-World ex-US Small-Cap ETF746.927,003.2810.67%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-3,543.08145,619.93-2.43%
GLDSPDR Gold Trust-1,210.6559,329.74-2.04%
AGGiShares Core U.S. Aggregate Bond ETF-1,034.1684,583.35-1.22%
TIPiShares TIPS Bond ETF-919.1726,108.14-3.52%
IYRiShares U.S. Real Estate ETF-625.394,603.49-13.59%
USMViShares MSCI USA Min Vol Factor ETF-524.4727,830.42-1.88%
IAUiShares Gold Trust-517.0228,139.64-1.84%
SLViShares Silver Trust-456.4915,965.79-2.86%
UVXYProShares Ultra VIX Short-Term Futures ETF-411.732,061.85-19.97%
SCHOSchwab Short-Term U.S. Treasury ETF-387.637,570.79-5.12%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,314.133,272,726.330.10%
International Equity5,885.581,163,073.110.51%
U.S. Fixed Income3,786.08974,544.150.39%
International Fixed Income49.78128,489.230.04%
Commodities-1,797.58133,432.45-1.35%
Currency-34.341,970.52-1.74%
Leveraged1,131.6949,884.932.27%
Inverse-107.8212,110.51-0.89%
Asset Allocation52.9914,067.130.38%
Alternatives174.846,513.342.68%
Total:12,455.345,756,811.700.22%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity61,989.123,272,726.331.89%
International Equity67,838.131,163,073.115.83%
U.S. Fixed Income24,218.59974,544.152.49%
International Fixed Income7,624.83128,489.235.93%
Commodities-2,778.30133,432.45-2.08%
Currency68.221,970.523.46%
Leveraged2,111.5249,884.934.23%
Inverse1,869.1612,110.5115.43%
Asset Allocation664.4414,067.134.72%
Alternatives1,292.176,513.3419.84%
Total:164,897.865,756,811.702.86%

 

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.