ETF Flows Undeterred By Market Mania

Investors added $10 billion to U.S.-listed ETFs during the past week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

A few wobbles in the stock market didn't stop investors from adding to their ETF holdings this week. On net, almost $10 billion flowed into U.S.-listed ETFs during the week ending Thursday, Jan. 28, according to FactSet. That brings year-to-date inflows up to $65.5 billion, ahead of the $48.3 billion seen at this same time a year ago.

Investors were largely undeterred by the wild moves in GameStop, AMC and other meme stocks during the period. Fueled by immense buying by individual investors and hedge funds frantically covering their positions, those stocks dominated the financial news cycle for much of the week.

However, you wouldn't be able to tell that from this week's relatively ho-hum flows data, which suggests that things were business as usual for most investors.

About $950 million came out of U.S. equity ETFs, a modest sum. At the same time, $7.6 billion headed into international equity ETFs, including $981 million into the JPMorgan BetaBuilders Japan ETF (BBJP)  and $884 million into the JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX).

International equity ETFs have been the most popular segment of the year so far, with a haul of $34.7 billion, triple the take of U.S. equity ETFs. Some investors consider international equities a bargain compared to U.S. equities. Up until this month, the iShares Core MSCI EAFE ETF (IEFA) hadn't hit a new high since 2018, and the iShares Emerging Markets ETF (EEM) hadn't hit a new high since 2007.

That all changed in January 2021. Perhaps this marks the start of a new bull trend in international stocks. At least some investors seem to think so. 

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
SDYSPDR S&P Dividend ETF1,306.8818,391.597.11%
BBJPJPMorgan BetaBuilders Japan ETF980.517,389.1813.27%
BBAXJPMorgan BetaBuilders Developed Asia ex-Japan ETF883.922,705.7732.67%
VTIVanguard Total Stock Market ETF845.97206,008.370.41%
BNDVanguard Total Bond Market ETF690.8370,276.210.98%
FXRFirst Trust Industrials/Producer Durables AlphaDEX Fund659.091,139.6457.83%
JPHYJPMorgan High Yield Research Enhanced ETF528.871,023.0751.69%
AGGiShares Core U.S. Aggregate Bond ETF493.0686,252.180.57%
SPHDInvesco S&P 500 High Dividend Low Volatility ETF464.213,104.0614.95%
IUSBiShares Core Total USD Bond Market ETF455.039,575.074.75%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-4,143.80321,893.30-1.29%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-2,198.3621,164.00-10.39%
QUALiShares MSCI USA Quality Factor ETF-1,230.6519,797.52-6.22%
IWMiShares Russell 2000 ETF-864.1762,951.64-1.37%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-696.0852,118.47-1.34%
FDNFirst Trust Dow Jones Internet Index Fund-668.0810,536.58-6.34%
XRTSPDR S&P Retail ETF-630.95237.36-265.82%
USMViShares MSCI USA Min Vol Factor ETF-574.8930,108.74-1.91%
XLFFinancial Select Sector SPDR Fund-574.4128,484.20-2.02%
GLDSPDR Gold Trust-555.2968,998.24-0.80%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-946.593,142,873.46-0.03%
International Equity7,613.141,120,609.590.68%
U.S. Fixed Income3,027.07980,506.700.31%
International Fixed Income1,090.50126,983.850.86%
Commodities-811.46141,626.14-0.57%
Currency0.611,998.740.03%
Leveraged-383.5046,192.46-0.83%
Inverse186.3611,880.561.57%
Asset Allocation88.7513,704.600.65%
Alternatives90.936,322.741.44%
Total:9,955.815,592,698.840.18%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity11,714.373,142,873.460.37%
International Equity34,683.101,120,609.593.10%
U.S. Fixed Income13,784.52980,506.701.41%
International Fixed Income3,842.13126,983.853.03%
Commodities259.65141,626.140.18%
Currency78.151,998.743.91%
Leveraged-1,293.3046,192.46-2.80%
Inverse1,485.3011,880.5612.50%
Asset Allocation369.3713,704.602.70%
Alternatives621.146,322.749.82%
Total:65,544.445,592,698.841.17%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
GAMRWedbush ETFMG Video Game Tech ETF25.84%645,881223.26
VIXYProShares VIX Short-Term Futures ETF23.55%43,463,385469.78
VXXiPath Series B S&P 500 VIX Short Term Futures ETN23.48%276,829,5891,560.98
XRTSPDR S&P Retail ETF21.85%55,426,346237.36
PSCDInvesco S&P SmallCap Consumer Discretionary ETF14.36%67,72342.30
RWJInvesco S&P SmallCap 600 Revenue ETF13.50%249,039408.54
XSVMInvesco S&P SmallCap Value with Momentum ETF11.63%206,450147.97
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN9.57%132,98544.82
VIXMProShares VIX Mid-Term Futures ETF9.20%441,69690.64
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN9.17%12,8564.07

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VFINSimplify Volt Fintech Disruption ETF6,900.00%-2.80%3.59
POTXGlobal X Cannabis ETF49.19%-0.20%82.35
XRTSPDR S&P Retail ETF41.84%21.85%237.36
GAMRWedbush ETFMG Video Game Tech ETF39.36%25.84%223.26
THCXThe Cannabis ETF35.44%-2.25%92.54
MJETFMG Alternative Harvest ETF35.26%-0.05%1,467.07
CNBSAmplify Seymour Cannabis ETF34.15%-1.27%54.92
PSCDInvesco S&P SmallCap Consumer Discretionary ETF33.11%14.36%42.30
RWJInvesco S&P SmallCap 600 Revenue ETF31.86%13.50%408.54
MOONDirexion Moonshot Innovators ETF30.64%6.36%66.28

 

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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.