Equity ETF Investments Soar as Markets Wobble

And fixed income ETF investments rose by almost 70%.

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust3,339.44360,854.130.93%
IEFiShares 7-10 Year Treasury Bond ETF3,289.9327,120.2212.13%
VYMVanguard High Dividend Yield ETF2,658.8450,277.735.29%
VIGVanguard Dividend Appreciation ETF2,541.4465,862.483.86%
KRESPDR S&P Regional Banking ETF2,097.954,068.7551.56%
DVYiShares Select Dividend ETF2,081.6123,668.408.79%
BILSPDR Bloomberg 1-3 Month T-Bill ETF1,790.5529,378.056.09%
VTIVanguard Total Stock Market ETF1,681.68274,932.240.61%
SPTISPDR Portfolio Intermediate Term Treasury ETF1,624.815,347.7530.38%
VOVanguard Mid-Cap ETF1,234.0451,403.302.40%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VCSHVanguard Short-Term Corporate Bond ETF-2,126.9137,849.38-5.62%
QQQInvesco QQQ Trust-2,040.01162,157.02-1.26%
IVViShares Core S&P 500 ETF-1,178.87296,043.02-0.40%
XLEEnergy Select Sector SPDR Fund-1,092.3435,984.96-3.04%
RSPInvesco S&P 500 Equal Weight ETF-1,090.6733,192.41-3.29%
SHViShares Short Treasury Bond ETF-872.6823,098.93-3.78%
CWBSPDR Bloomberg Convertible Securities ETF-706.613,703.33-19.08%
XLIIndustrial Select Sector SPDR Fund-559.2413,412.38-4.17%
IEIiShares 3-7 Year Treasury Bond ETF-525.8611,755.51-4.47%
MINTPIMCO Enhanced Short Maturity Active ETF-507.098,285.75-6.12%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity17,533.373,939,475.380.45%
International Equity-949.371,191,674.43-0.08%
U.S. Fixed Income6,664.301,202,607.290.55%
International Fixed Income-737.53144,975.75-0.51%
Commodities194.64131,726.400.15%
Currency-84.243,569.85-2.36%
Leveraged99.9950,199.160.20%
Inverse-1,704.2223,986.09-7.11%
Asset Allocation-89.2615,826.59-0.56%
Alternatives-178.427,180.63-2.48%
Total:20,749.266,711,221.580.31%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity11,659.673,939,475.380.30%
International Equity28,120.271,191,674.432.36%
U.S. Fixed Income33,367.841,202,607.292.77%
International Fixed Income5,031.49144,975.753.47%
Commodities-1,194.56131,726.40-0.91%
Currency-413.983,569.85-11.60%
Leveraged48.2150,199.160.10%
Inverse3,436.0923,986.0914.33%
Asset Allocation-1,985.4815,826.59-12.55%
Alternatives-224.197,180.63-3.12%
Total:77,845.376,711,221.581.16%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF9.19%108,58215.95
FNGSMicroSectors FANG+ ETN9.13%300,38460.65
IBLCiShares Blockchain and Tech ETF8.55%8,7575.94
GFOFGrayscale Future of Finance ETF8.54%5,3214.13
ARKWARK Next Generation Internet ETF7.97%2,740,5031,249.85
DAPPVanEck Digital Transformation ETF7.64%377,99826.21
SATOInvesco Alerian Galaxy Crypto Economy ETF7.63%10,6192.57
FDIGFidelity Crypto Industry and Digital Payments ETF7.01%139,28323.82
ARKFARK Fintech Innovation ETF6.64%5,848,088819.83
FDNFirst Trust Dow Jones Internet Index Fund6.61%2,744,9423,873.47

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
NVMZTrueShares Structured Outcome ETF - November14.66% 3,873.47
SULRSmartETFs Sustainable Energy II ETF8.64% 3,873.47
OUNZVanEck Merk Gold Trust5.00%0.35%667.31
GLCNVanEck China Growth Leaders ETF2.44%-2.36%15.52
GLDICredit Suisse X-Links Gold Shares Covered Call ETN1.74%-0.05%86.71
MOTEVanEck Morningstar ESG Moat ETF1.62%2.81%3.96
AMJJPMorgan Alerian MLP Index ETN0.23%-2.45%2,638.16
JRIRXJPMorgan Realty Income Fund  2,638.16
URTCXJPMorgan Realty Income Fund  2,638.16
JIMCXJPMorgan 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.

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.