Delta Variant Spurs ETF Outflow For Week
Whipsaw trading early in the week settled down, keeping net year-to-date inflows under $500 billion.
U.S.-listed ETFs had net outflows of a little under $1.5 billion this week after Wall Street had its worst day in months, marking the third week this year that investors have pulled money out of the industry.
Fears over the growing surge of COVID-19 variants around the world and the potential for slowing recovery sent the S&P 500 into a 1.5% decline on Monday as investors sought more risk-off positions.
However, a slew of strong corporate earnings led to an immediate bounce-back on Tuesday and continued positive days through the end of Thursday, July 22.
Cumulative inflows for U.S.-listed funds now stand at just over $496.2 billion and well within striking distance of the milestone $500 billion inflow mark.
US Equities Slip Bear Brunt
The sell-off on Monday primarily hit U.S. equity funds hard, with the asset class losing $6.7 billion compared to inflows of $3.6 billion and $1.5 billion for international equities and U.S. fixed income, respectively.
The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) were the main losers on the week, with respective outflows of $6.1 billion and $4.1 billion.
On the flip side, the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) recorded net inflows of $1.9 billion and $1.8 billion, respectively, while the iShares 7-10 Year Treasury Bond ETF (IEF) posted an AUM gain of 11% as fears of short-run inflation continued to percolate.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IVV | iShares Core S&P 500 ETF | 1,955.21 | 293,773.97 | 0.67% |
VOO | Vanguard S&P 500 ETF | 1,829.10 | 240,733.62 | 0.76% |
IEF | iShares 7-10 Year Treasury Bond ETF | 1,577.67 | 14,250.11 | 11.07% |
IEFA | iShares Core MSCI EAFE ETF | 1,150.50 | 97,468.77 | 1.18% |
XLP | Consumer Staples Select Sector SPDR Fund | 1,041.23 | 12,392.42 | 8.40% |
QUAL | iShares MSCI USA Quality Factor ETF | 989.07 | 23,913.90 | 4.14% |
XLV | Health Care Select Sector SPDR Fund | 682.86 | 30,982.50 | 2.20% |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | 539.43 | 40,918.97 | 1.32% |
ARKK | ARK Innovation ETF | 516.94 | 23,472.35 | 2.20% |
IWF | iShares Russell 1000 Growth ETF | 512.70 | 71,739.04 | 0.71% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -6,134.01 | 377,190.65 | -1.63% |
QQQ | Invesco QQQ Trust | -4,064.98 | 177,905.96 | -2.28% |
FTCS | First Trust Capital Strength ETF | -1,833.26 | 8,312.37 | -22.05% |
PKW | Invesco BuyBack Achievers ETF | -869.04 | 1,247.21 | -69.68% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -866.35 | 39,879.10 | -2.17% |
IYT | iShares U.S Transportation Average ETF | -556.35 | 1,656.73 | -33.58% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | -428.96 | 30,180.08 | -1.42% |
DVY | iShares Select Dividend ETF | -421.88 | 17,633.31 | -2.39% |
SCZ | iShares MSCI EAFE Small-Cap ETF | -420.05 | 12,920.71 | -3.25% |
TLT | iShares 20+ Year Treasury Bond ETF | -411.98 | 15,790.04 | -2.61% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -6,657.42 | 3,844,664.47 | -0.17% |
International Equity | 3,573.17 | 1,271,363.64 | 0.28% |
U.S. Fixed Income | 1,465.87 | 1,052,472.28 | 0.14% |
International Fixed Income | 309.12 | 146,240.64 | 0.21% |
Commodities | -623.61 | 140,567.57 | -0.44% |
Currency | 18.91 | 1,955.18 | 0.97% |
Leveraged | 354.98 | 60,984.17 | 0.58% |
Inverse | 57.43 | 11,827.26 | 0.49% |
Asset Allocation | 152.21 | 16,612.59 | 0.92% |
Alternatives | -109.37 | 6,381.57 | -1.71% |
Total: | -1,458.71 | 6,553,069.38 | -0.02% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 227,694.62 | 3,844,664.47 | 5.92% |
International Equity | 146,304.35 | 1,271,363.64 | 11.51% |
U.S. Fixed Income | 90,215.20 | 1,052,472.28 | 8.57% |
International Fixed Income | 24,326.82 | 146,240.64 | 16.63% |
Commodities | -1,786.70 | 140,567.57 | -1.27% |
Currency | 76.57 | 1,955.18 | 3.92% |
Leveraged | 656.11 | 60,984.17 | 1.08% |
Inverse | 4,387.56 | 11,827.26 | 37.10% |
Asset Allocation | 2,303.29 | 16,612.59 | 13.86% |
Alternatives | 2,058.48 | 6,381.57 | 32.26% |
Total: | 496,236.30 | 6,553,069.38 | 7.57% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
IXN | iShares Global Tech ETF | 505.16% | 2,045,180 | 4,517.70 |
IHI | iShares U.S. Medical Devices ETF | 502.79% | 4,714,208 | 7,863.02 |
JO | iPath Series B Bloomberg Coffee Subindex Total Return ETN | 10.42% | 312,672 | 95.26 |
REMX | VanEck Vectors Rare Earth/Strategic Metals ETF | 7.61% | 1,091,825 | 865.14 |
TAN | Invesco Solar ETF | 7.17% | 5,698,513 | 3,373.46 |
QCLN | First Trust NASDAQ Clean Edge Green Energy Index Fund | 7.04% | 1,330,307 | 2,691.78 |
PBW | Invesco WilderHill Clean Energy ETF | 6.74% | 1,323,710 | 2,001.69 |
JFWD | Jacob Forward ETF | 6.72% | 176,943 | 4.62 |
DAPP | VanEck Vectors Digital Transformation ETF | 6.65% | 99,582 | 30.22 |
GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 6.64% | 23,084 | 6.11 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
BDRY | Breakwave Dry Bulk Shipping ETF | 238.96% | 6.49% | 86.65 |
ILCV | iShares Morningstar Value ETF | 133.00% | 0.72% | 725.54 |
JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 83.97% | -0.17% | 10.91 |
FCG | First Trust Natural Gas ETF | 64.01% | 2.42% | 267.08 |
PXE | Invesco Dynamic Energy Exploration & Production ETF | 61.00% | 2.14% | 83.37 |
GRN | iPath Series B Carbon ETN | 60.82% | -1.91% | 56.16 |
PSCE | Invesco S&P SmallCap Energy ETF | 59.59% | 2.94% | 167.60 |
REMX | VanEck Vectors Rare Earth/Strategic Metals ETF | 56.06% | 7.61% | 865.14 |
FRAK | VanEck Vectors Unconventional Oil & Gas ETF | 54.62% | 1.47% | 17.22 |
XRT | SPDR S&P Retail ETF | 50.22% | 4.31% | 1,083.22 |
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.