Delta Variant Spurs ETF Outflow For Week

Whipsaw trading early in the week settled down, keeping net year-to-date inflows under $500 billion.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF1,955.21293,773.970.67%
VOOVanguard S&P 500 ETF1,829.10240,733.620.76%
IEFiShares 7-10 Year Treasury Bond ETF1,577.6714,250.1111.07%
IEFAiShares Core MSCI EAFE ETF1,150.5097,468.771.18%
XLPConsumer Staples Select Sector SPDR Fund1,041.2312,392.428.40%
QUALiShares MSCI USA Quality Factor ETF989.0723,913.904.14%
XLVHealth Care Select Sector SPDR Fund682.8630,982.502.20%
ITOTiShares Core S&P Total U.S. Stock Market ETF539.4340,918.971.32%
ARKKARK Innovation ETF516.9423,472.352.20%
IWFiShares Russell 1000 Growth ETF512.7071,739.040.71%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-6,134.01377,190.65-1.63%
QQQInvesco QQQ Trust-4,064.98177,905.96-2.28%
FTCSFirst Trust Capital Strength ETF-1,833.268,312.37-22.05%
PKWInvesco BuyBack Achievers ETF-869.041,247.21-69.68%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-866.3539,879.10-2.17%
IYTiShares U.S Transportation Average ETF-556.351,656.73-33.58%
DIASPDR Dow Jones Industrial Average ETF Trust-428.9630,180.08-1.42%
DVYiShares Select Dividend ETF-421.8817,633.31-2.39%
SCZiShares MSCI EAFE Small-Cap ETF-420.0512,920.71-3.25%
TLTiShares 20+ Year Treasury Bond ETF-411.9815,790.04-2.61%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-6,657.423,844,664.47-0.17%
International Equity3,573.171,271,363.640.28%
U.S. Fixed Income1,465.871,052,472.280.14%
International Fixed Income309.12146,240.640.21%
Commodities-623.61140,567.57-0.44%
Currency18.911,955.180.97%
Leveraged354.9860,984.170.58%
Inverse57.4311,827.260.49%
Asset Allocation152.2116,612.590.92%
Alternatives-109.376,381.57-1.71%
Total:-1,458.716,553,069.38-0.02%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity227,694.623,844,664.475.92%
International Equity146,304.351,271,363.6411.51%
U.S. Fixed Income90,215.201,052,472.288.57%
International Fixed Income24,326.82146,240.6416.63%
Commodities-1,786.70140,567.57-1.27%
Currency76.571,955.183.92%
Leveraged656.1160,984.171.08%
Inverse4,387.5611,827.2637.10%
Asset Allocation2,303.2916,612.5913.86%
Alternatives2,058.486,381.5732.26%
Total:496,236.306,553,069.387.57%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
IXNiShares Global Tech ETF505.16%2,045,1804,517.70
IHIiShares U.S. Medical Devices ETF502.79%4,714,2087,863.02
JOiPath Series B Bloomberg Coffee Subindex Total Return ETN10.42%312,67295.26
REMXVanEck Vectors Rare Earth/Strategic Metals ETF7.61%1,091,825865.14
TANInvesco Solar ETF7.17%5,698,5133,373.46
QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund7.04%1,330,3072,691.78
PBWInvesco WilderHill Clean Energy ETF6.74%1,323,7102,001.69
JFWDJacob Forward ETF6.72%176,9434.62
DAPPVanEck Vectors Digital Transformation ETF6.65%99,58230.22
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN6.64%23,0846.11

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF238.96%6.49%86.65
ILCViShares Morningstar Value ETF133.00%0.72%725.54
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN83.97%-0.17%10.91
FCGFirst Trust Natural Gas ETF64.01%2.42%267.08
PXEInvesco Dynamic Energy Exploration & Production ETF61.00%2.14%83.37
GRNiPath Series B Carbon ETN60.82%-1.91%56.16
PSCEInvesco S&P SmallCap Energy ETF59.59%2.94%167.60
REMXVanEck Vectors Rare Earth/Strategic Metals ETF56.06%7.61%865.14
FRAKVanEck Vectors Unconventional Oil & Gas ETF54.62%1.47%17.22
XRTSPDR S&P Retail ETF50.22%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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.