Equity ETFs Bleed Assets Amid Turbulent Markets
Meanwhile, U.S. fixed income funds pulled in over $6 billion last week.
U.S. equity ETFs hemorrhaged assets last week as wobbling markets caused investors to pull funds from the asset class.
More than $14 billion escaped U.S. stock funds in the week ending March 24, etf.com data shows. That’s a reversal from the $17.5 billion that went into the asset class the week prior.
The losses come in the same week the Federal Reserve raised rates 25 basis points, less than what was expected a few weeks ago, after a series of bank collapses and rescues suggested a worrisome fragility to the U.S. and European banking sectors.
The hike brings the federal funds rate to between 4.75% and 5%, the highest level since 2007.
Funds that saw the greatest outflows included the Vanguard Total Stock Market ETF (VTI), the iShares Select Dividend ETF (DVY) and the Vanguard Dividend Appreciation ETF (VIG). Collectively, the three funds lost $7.3 billion, according to etf.com data.
Meanwhile, the iShares ESG Aware MSCI USA ETF (ESGU) bled nearly $5.2 billion last week, etf.com data shows. That’s a record loss for the largest environmental, social and governance index fund, which may be shedding billions of dollars as a result of the ongoing political backlash over so-called socially responsible investing.
Nearly that same amount went into the iShares MSCI USA Quality Factor ETF (QUAL), the top asset gatherer of the week, during the same period.
On the other side of the ledger, U.S. fixed income funds brought in $6.1 billion last week, just shy of the $6.7 billion that bond funds saw the week before.
Among the week’s top asset gatherers were the iShares U.S. Treasury Bond ETF (GOVT) and the iShares Core Total USD Bond Market ETF (IUSB), which collectively hauled in nearly $4 billion, etf.com data shows.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QUAL | iShares MSCI USA Quality Factor ETF | 6,636.31 | 25,180.69 | 26.35% |
QQQ | Invesco QQQ Trust | 4,258.50 | 168,136.72 | 2.53% |
GOVT | iShares U.S. Treasury Bond ETF | 2,947.34 | 25,418.19 | 11.60% |
EFG | iShares MSCI EAFE Growth ETF | 1,058.23 | 12,251.70 | 8.64% |
IUSB | iShares Core Total USD Bond Market ETF | 968.74 | 21,801.99 | 4.44% |
TLT | iShares 20+ Year Treasury Bond ETF | 816.68 | 33,611.65 | 2.43% |
IVV | iShares Core S&P 500 ETF | 686.93 | 294,699.73 | 0.23% |
VOO | Vanguard S&P 500 ETF | 678.75 | 274,846.66 | 0.25% |
QQQM | Invesco NASDAQ 100 ETF | 648.08 | 8,458.58 | 7.66% |
IYW | iShares U.S. Technology ETF | 606.46 | 10,108.88 | 6.00% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
ESGU | iShares ESG Aware MSCI USA ETF | -5,196.98 | 13,817.86 | -37.61% |
VTI | Vanguard Total Stock Market ETF | -2,570.59 | 269,764.53 | -0.95% |
VIG | Vanguard Dividend Appreciation ETF | -2,421.79 | 63,015.17 | -3.84% |
VYM | Vanguard High Dividend Yield ETF | -2,360.71 | 46,771.53 | -5.05% |
DVY | iShares Select Dividend ETF | -2,324.29 | 20,568.31 | -11.30% |
MTUM | iShares MSCI USA Momentum Factor ETF | -1,347.15 | 9,551.95 | -14.10% |
VTV | Vanguard Value ETF | -1,205.57 | 96,473.22 | -1.25% |
KRE | SPDR S&P Regional Banking ETF | -1,163.83 | 2,570.78 | -45.27% |
VO | Vanguard Mid-Cap ETF | -988.25 | 49,343.14 | -2.00% |
SPYV | SPDR Portfolio S&P 500 Value ETF | -947.99 | 14,144.88 | -6.70% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -14,049.82 | 3,880,387.30 | -0.36% |
International Equity | 234.31 | 1,213,229.01 | 0.02% |
U.S. Fixed Income | 6,182.49 | 1,219,925.89 | 0.51% |
International Fixed Income | 50.23 | 146,032.00 | 0.03% |
Commodities | 182.40 | 135,178.95 | 0.13% |
Currency | -44.08 | 3,690.13 | -1.19% |
Leveraged | 1,027.15 | 53,061.73 | 1.94% |
Inverse | 393.90 | 23,564.18 | 1.67% |
Asset Allocation | -48.43 | 15,805.85 | -0.31% |
Alternatives | 126.24 | 7,292.71 | 1.73% |
Total: | -5,945.61 | 6,698,167.74 | -0.09% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -2,393.60 | 3,880,387.30 | -0.06% |
International Equity | 28,346.46 | 1,213,229.01 | 2.34% |
U.S. Fixed Income | 39,564.60 | 1,219,925.89 | 3.24% |
International Fixed Income | 5,081.72 | 146,032.00 | 3.48% |
Commodities | -1,013.57 | 135,178.95 | -0.75% |
Currency | -432.50 | 3,690.13 | -11.72% |
Leveraged | 1,239.92 | 53,061.73 | 2.34% |
Inverse | 4,100.40 | 23,564.18 | 17.40% |
Asset Allocation | -2,030.68 | 15,805.85 | -12.85% |
Alternatives | -99.23 | 7,292.71 | -1.36% |
Total: | 72,363.53 | 6,698,167.74 | 1.08% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
FDNI | First Trust Dow Jones International Internet ETF | 8.81% | 14,792 | 31.73 |
KEUA | KraneShares European Carbon Allowance Strategy ETF | 8.02% | 162,966 | 35.91 |
WGMI | Valkyrie Bitcoin Miners ETF | 7.89% | 370,075 | 5.93 |
BDRY | Breakwave Dry Bulk Shipping ETF | 7.26% | 1,311,299 | 101.09 |
KTEC | KraneShares Hang Seng TECH Index ETF | 6.56% | 7,567 | 7.14 |
KFVG | KraneShares CICC China 5G & Semiconductor Index ETF | 6.26% | 10,526 | 15.28 |
GRN | iPath Series B Carbon ETN | 5.99% | 66,074 | 52.14 |
KWEB | KraneShares CSI China Internet ETF | 5.57% | 63,092,585 | 5,934.92 |
KARB | Carbon Strategy ETF | 5.46% | 6,859 | 0.74 |
CHIK | Global X MSCI China Information Technology ETF | 5.38% | 2,124 | 16.76 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
WGMI | Valkyrie Bitcoin Miners ETF | 104.92% | 7.89% | 5.93 |
DAM | VanEck Digital Assets Mining ETF | 83.56% | 3.54% | 1.37 |
BITO | ProShares Bitcoin Strategy ETF | 71.44% | 2.39% | 964.17 |
XBTF | VanEck Bitcoin Strategy ETF | 70.68% | 2.23% | 40.06 |
BTF | Valkyrie Bitcoin Strategy ETF | 69.74% | 2.37% | 30.26 |
MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 68.34% | 1.79% | 23.61 |
BITS | Global X Blockchain and Bitcoin Strategy ETF | 67.40% | 0.31% | 10.81 |
DAPP | VanEck Digital Transformation ETF | 67.04% | 2.53% | 29.35 |
BITQ | Bitwise Crypto Industry Innovators ETF | 63.42% | 1.84% | 57.71 |
SATO | Invesco Alerian Galaxy Crypto Economy ETF | 61.92% | 3.42% | 3.15 |
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.