Equity ETF Investments Soar as Markets Wobble
And fixed income ETF investments rose by almost 70%.
U.S. equity exchange-traded funds raked in billions of dollars last week as markets whipsawed on concerns of the health of the U.S. banking system.
Stock funds pulled in $17.5 billion in the week ending March 13, more than twice the $7 billion the asset class saw the week prior. The week’s top asset gatherers included the SPDR S&P 500 ETF Trust (SPY), the Vanguard High Dividend Yield ETF (VYM) and the Vanguard Dividend Appreciation ETF (VIG), which collectively lured in $8.5 billion.
The collapse of Silicon Valley Bank and Signature Bank, the bailout of Credit Suisse and the rescue of First Republic in the past month revealed unforeseen stress on the banking sector. The S&P 500 dipped 1.1% on Friday, while the Nasdaq slumped 0.7%.
Meanwhile, U.S. fixed income funds gained $6.6 billion, climbing 69% from the $3.9 billion that came in the previous week. The iShares 7-10 Year Treasury Bond ETF (IEF) and the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) collectively saw nearly $5 billion in inflows.
Those gains came as anxiety in the banking sector and rising fears of an economic downturn led to the largest one-day rally last Monday in short-term U.S. government bonds since 1987. By the end of the week, the 10-year Treasury bills yields fell 14 basis points. Prices rise as yields fall.
On the other side of the ledger, funds with the most outflows during the week included the Vanguard Short-Term Corporate Bond ETF (VCSH) and the Invesco QQQ Trust (QQQ), which together shed more than $4 billion during the time period.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 3,339.44 | 360,854.13 | 0.93% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 3,289.93 | 27,120.22 | 12.13% |
| VYM | Vanguard High Dividend Yield ETF | 2,658.84 | 50,277.73 | 5.29% |
| VIG | Vanguard Dividend Appreciation ETF | 2,541.44 | 65,862.48 | 3.86% |
| KRE | SPDR S&P Regional Banking ETF | 2,097.95 | 4,068.75 | 51.56% |
| DVY | iShares Select Dividend ETF | 2,081.61 | 23,668.40 | 8.79% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 1,790.55 | 29,378.05 | 6.09% |
| VTI | Vanguard Total Stock Market ETF | 1,681.68 | 274,932.24 | 0.61% |
| SPTI | SPDR Portfolio Intermediate Term Treasury ETF | 1,624.81 | 5,347.75 | 30.38% |
| VO | Vanguard Mid-Cap ETF | 1,234.04 | 51,403.30 | 2.40% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VCSH | Vanguard Short-Term Corporate Bond ETF | -2,126.91 | 37,849.38 | -5.62% |
| QQQ | Invesco QQQ Trust | -2,040.01 | 162,157.02 | -1.26% |
| IVV | iShares Core S&P 500 ETF | -1,178.87 | 296,043.02 | -0.40% |
| XLE | Energy Select Sector SPDR Fund | -1,092.34 | 35,984.96 | -3.04% |
| RSP | Invesco S&P 500 Equal Weight ETF | -1,090.67 | 33,192.41 | -3.29% |
| SHV | iShares Short Treasury Bond ETF | -872.68 | 23,098.93 | -3.78% |
| CWB | SPDR Bloomberg Convertible Securities ETF | -706.61 | 3,703.33 | -19.08% |
| XLI | Industrial Select Sector SPDR Fund | -559.24 | 13,412.38 | -4.17% |
| IEI | iShares 3-7 Year Treasury Bond ETF | -525.86 | 11,755.51 | -4.47% |
| MINT | PIMCO Enhanced Short Maturity Active ETF | -507.09 | 8,285.75 | -6.12% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 17,533.37 | 3,939,475.38 | 0.45% |
| International Equity | -949.37 | 1,191,674.43 | -0.08% |
| U.S. Fixed Income | 6,664.30 | 1,202,607.29 | 0.55% |
| International Fixed Income | -737.53 | 144,975.75 | -0.51% |
| Commodities | 194.64 | 131,726.40 | 0.15% |
| Currency | -84.24 | 3,569.85 | -2.36% |
| Leveraged | 99.99 | 50,199.16 | 0.20% |
| Inverse | -1,704.22 | 23,986.09 | -7.11% |
| Asset Allocation | -89.26 | 15,826.59 | -0.56% |
| Alternatives | -178.42 | 7,180.63 | -2.48% |
| Total: | 20,749.26 | 6,711,221.58 | 0.31% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 11,659.67 | 3,939,475.38 | 0.30% |
| International Equity | 28,120.27 | 1,191,674.43 | 2.36% |
| U.S. Fixed Income | 33,367.84 | 1,202,607.29 | 2.77% |
| International Fixed Income | 5,031.49 | 144,975.75 | 3.47% |
| Commodities | -1,194.56 | 131,726.40 | -0.91% |
| Currency | -413.98 | 3,569.85 | -11.60% |
| Leveraged | 48.21 | 50,199.16 | 0.10% |
| Inverse | 3,436.09 | 23,986.09 | 14.33% |
| Asset Allocation | -1,985.48 | 15,826.59 | -12.55% |
| Alternatives | -224.19 | 7,180.63 | -3.12% |
| Total: | 77,845.37 | 6,711,221.58 | 1.16% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | 9.19% | 108,582 | 15.95 |
| FNGS | MicroSectors FANG+ ETN | 9.13% | 300,384 | 60.65 |
| IBLC | iShares Blockchain and Tech ETF | 8.55% | 8,757 | 5.94 |
| GFOF | Grayscale Future of Finance ETF | 8.54% | 5,321 | 4.13 |
| ARKW | ARK Next Generation Internet ETF | 7.97% | 2,740,503 | 1,249.85 |
| DAPP | VanEck Digital Transformation ETF | 7.64% | 377,998 | 26.21 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 7.63% | 10,619 | 2.57 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 7.01% | 139,283 | 23.82 |
| ARKF | ARK Fintech Innovation ETF | 6.64% | 5,848,088 | 819.83 |
| FDN | First Trust Dow Jones Internet Index Fund | 6.61% | 2,744,942 | 3,873.47 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| NVMZ | TrueShares Structured Outcome ETF - November | 14.66% | 3,873.47 | |
| SULR | SmartETFs Sustainable Energy II ETF | 8.64% | 3,873.47 | |
| OUNZ | VanEck Merk Gold Trust | 5.00% | 0.35% | 667.31 |
| GLCN | VanEck China Growth Leaders ETF | 2.44% | -2.36% | 15.52 |
| GLDI | Credit Suisse X-Links Gold Shares Covered Call ETN | 1.74% | -0.05% | 86.71 |
| MOTE | VanEck Morningstar ESG Moat ETF | 1.62% | 2.81% | 3.96 |
| AMJ | JPMorgan Alerian MLP Index ETN | 0.23% | -2.45% | 2,638.16 |
| JRIRX | JPMorgan Realty Income Fund | 2,638.16 | ||
| URTCX | JPMorgan Realty Income Fund | 2,638.16 | ||
| JIMCX | JPMorgan Inflation Managed Bond Fund | 2,638.16 |
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.
