Equities Power $19B In Weekly ETF Flows

The asset class driving this year’s record ETF inflows recovers.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

U.S. equities bounced back from just $600 million in inflows last week to $13.6 billion in the past week to power a net inflow of just more than $19 billion into U.S. ETFs between Aug. 6 and Aug. 12, according to ETF.com data provider FactSet.

Investors have now placed a net $545.3 billion into U.S.-listed ETFs year-to-date as of Thursday, while overall assets under management stand shy of $6.7 trillion.

Confidence Drives Equities

The resurgence in U.S. equities comes as little surprise after the S&P 500 Index posted three straight record-high closes to end the period, and opened on a record high Friday as investors brushed off fears of inflation and the continued threat of the COVID-19 delta variant on economic recovery.

The Health Care Select Sector SPDR Fund (XLV) and the Consumer Staples Select Sector SPDR Fund (XLP) were the top asset losers for the week, with a combined $1.4 billion in outflows, suggesting some investors were willing to pull back on defensive strategies.

However, the S&P 500 and the Dow Jones Industrial Average’s gains were stunted in early Friday trading after the University of Michigan Consumer Sentiment Index fell by 13.5% from July to August to its lowest level since December 2011.

Bank ETFs Gain On Interest Hike Talk

Banking was the most represented industry on the top 10 inflows list this week, with the Financial Select Sector SPDR Fund (XLF), SPDR S&P Regional Banking ETF (KRE) and Invesco KBW Bank ETF (KBWB) gaining just shy of $2.8 billion combined.

Atlanta Federal Reserve President Raphael Bostic and Richmond Fed President Tom Barkin both said this week that the Fed may start tapering its bond purchases by the fourth quarter, and that inflation had already attained the averaged-out 2% target adopted by the central bank last year.

Those comments spurred discussions about a rate hike from the Fed either late next year or in early 2023, which would benefit bank profits down the line.

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
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF2,390.8042,320.575.65%
SPYSPDR S&P 500 ETF Trust2,235.86387,117.550.58%
VTIVanguard Total Stock Market ETF2,025.71265,955.820.76%
QQQInvesco QQQ Trust1,891.51184,378.361.03%
XLFFinancial Select Sector SPDR Fund1,521.8142,493.313.58%
VOOVanguard S&P 500 ETF1,213.13248,572.080.49%
KRESPDR S&P Regional Banking ETF712.654,812.5614.81%
VOVanguard Mid-Cap ETF644.9452,056.701.24%
KBWBInvesco KBW Bank ETF548.183,161.8517.34%
IGViShares Expanded Tech-Software Sector ETF513.455,511.849.32%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLVHealth Care Select Sector SPDR Fund-862.1131,681.46-2.72%
XLPConsumer Staples Select Sector SPDR Fund-557.0012,956.70-4.30%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-435.668,643.82-5.04%
TLTiShares 20+ Year Treasury Bond ETF-424.6616,517.07-2.57%
UWMProShares Ultra Russell2000-401.24319.39-125.63%
MBBiShares MBS ETF-325.8524,958.36-1.31%
TOKiShares MSCI Kokusai ETF-279.01211.14-132.14%
VCITVanguard Intermediate-Term Corporate Bond ETF-266.8746,215.78-0.58%
VGTVanguard Information Technology ETF-265.8148,913.06-0.54%
GLDSPDR Gold Trust-233.7557,371.06-0.41%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity13,633.643,948,769.960.35%
International Equity1,000.121,295,124.510.08%
U.S. Fixed Income3,725.341,063,096.190.35%
International Fixed Income728.69147,804.050.49%
Commodities-83.56136,673.12-0.06%
Currency-18.711,956.11-0.96%
Leveraged-513.2961,471.65-0.84%
Inverse222.8711,966.011.86%
Asset Allocation155.6317,815.500.87%
Alternatives184.786,538.382.83%
Total:19,035.506,691,215.500.28%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity252,537.253,948,769.966.40%
International Equity154,368.041,295,124.5111.92%
U.S. Fixed Income104,093.731,063,096.199.79%
International Fixed Income26,010.29147,804.0517.60%
Commodities-1,578.99136,673.12-1.16%
Currency76.561,956.113.91%
Leveraged-455.6061,471.65-0.74%
Inverse4,746.8311,966.0139.67%
Asset Allocation3,159.8917,815.5017.74%
Alternatives2,336.416,538.3835.73%
Total:545,294.426,691,215.508.15%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
KAPRInnovator Russell 2000 Power Buffer ETF - April0.00%89,09278.74
AAAUGoldman Sachs Physical Gold ETF0.00%373,864369.34
AAXJiShares MSCI All Country Asia ex Japan ETF0.00%1,225,3955,606.16
ACESALPS Clean Energy ETF0.00%43,623948.56
ACIOAptus Collared Income Opportunity ETF0.00%49,323255.30
ACSIAmerican Customer Satisfaction ETF0.00%1,84482.53
ACTVLeaderShares Activist Leaders ETF0.00%5,61167.74
ACVFAmerican Conservative Values ETF0.00%1,38914.13
ACWFiShares MSCI Global Multifactor ETF0.00%8,830137.23
ACWIiShares MSCI ACWI ETF0.00%2,452,67517,289.77

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF245.45%0.00%91.14
ILCViShares Morningstar Value ETF136.53%0.00%757.55
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN91.97%0.00%17.02
GRNiPath Series B Carbon ETN75.90%0.00%72.06
REMXVanEck Vectors Rare Earth/Strategic Metals ETF69.66%0.00%1,026.02
FCGFirst Trust Natural Gas ETF58.32%0.00%245.25
PXEInvesco Dynamic Energy Exploration & Production ETF57.63%0.00%79.35
UNGUnited States Natural Gas Fund LP57.39%0.00%280.07
MLPOCredit Suisse S&P MLP Index ETN55.46%0.00%22.91
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN52.58%0.00%6.19

 

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.