ETF Inflows Rebound From Prior Week’s Losses
U.S. equities and fixed income recovered to higher levels.
U.S.-listed ETFs bounced back from last week’s Delta variant scare that drove a net outflow of about $1.46 billion from the market, piling in roughly $23.5 billion in the period between July 23 and July 29.
The recovery sent the industry past the vaunted $500 billion year-to-date inflow mark on Monday after wavering just below that threshold for most of the month. U.S. equities had a week-over-week change of approximately $17 billion in inflows, while inflows to U.S. fixed income nearly quadrupled to $7.2 billion.
Cumulative flows for the year now stand at $520.3 billion, according to ETF.com data provider FactSet.
Big Tech Earnings
The week’s main drivers were big technology companies reporting earnings. Microsoft, Google parent Alphabet and Apple all posted higher-than-expected revenues, but suffered sell-offs after warning that the surge of Delta variant cases and the prospect for inflation could temper growth through the second half of the year. Amazon shares slid 6% early Friday after it missed net sales estimates and projected a slowdown in e-commerce sales.
However, the tech-heavy Invesco QQQ Trust (QQQ) and the iShares Global Tech ETF (IXN) gained a combined inflow of more than $4 billion, while the Ark Innovation ETF (ARKK) suffered a $548 million outflow.
Short-Term Bond Volatility
A handful of fixed income ETFs traded at the extremes this week, primarily within funds that aim for exposure to bonds reaching maturity within one to five years.
The Vanguard Short-Term Bond ETF (BSV) led all ETFs in creations, with net inflows of nearly $4.6 billion, while the iShares TIPS Bond ETF (TIP) gathered $1.86 billion.
On the other hand, the iShares U.S. Treasury Bond ETF (GOVT) was the biggest loser this week, as investors pulled just over $2 billion from the fund, while the iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) lost close to $1.4 billion.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| BSV | Vanguard Short-Term Bond ETF | 4,576.32 | 39,513.24 | 11.58% |
| QQQ | Invesco QQQ Trust | 3,050.59 | 183,052.32 | 1.67% |
| TIP | iShares TIPS Bond ETF | 1,855.43 | 31,509.21 | 5.89% |
| SPY | SPDR S&P 500 ETF Trust | 1,479.78 | 382,335.06 | 0.39% |
| ESGU | iShares ESG Aware MSCI USA ETF | 1,416.67 | 20,745.46 | 6.83% |
| EFG | iShares MSCI EAFE Growth ETF | 1,259.44 | 12,086.93 | 10.42% |
| IXN | iShares Global Tech ETF | 1,033.63 | 5,573.37 | 18.55% |
| SDY | SPDR S&P Dividend ETF | 976.68 | 20,539.87 | 4.76% |
| VTI | Vanguard Total Stock Market ETF | 826.06 | 260,603.97 | 0.32% |
| VT | Vanguard Total World Stock ETF | 749.28 | 23,886.01 | 3.14% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| GOVT | iShares U.S. Treasury Bond ETF | -2,069.92 | 15,511.07 | -13.34% |
| IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | -1,398.07 | 25,216.31 | -5.54% |
| MTUM | iShares MSCI USA Momentum Factor ETF | -1,217.14 | 14,527.02 | -8.38% |
| IWM | iShares Russell 2000 ETF | -1,001.21 | 65,458.72 | -1.53% |
| IVV | iShares Core S&P 500 ETF | -991.88 | 295,651.90 | -0.34% |
| IEF | iShares 7-10 Year Treasury Bond ETF | -611.69 | 13,710.57 | -4.46% |
| ARKK | ARK Innovation ETF | -548.07 | 22,669.85 | -2.42% |
| VGT | Vanguard Information Technology ETF | -347.96 | 49,111.63 | -0.71% |
| QUAL | iShares MSCI USA Quality Factor ETF | -346.49 | 23,883.00 | -1.45% |
| KRE | SPDR S&P Regional Banking ETF | -313.49 | 4,218.80 | -7.43% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 10,553.40 | 3,883,960.89 | 0.27% |
| International Equity | 4,665.07 | 1,273,529.72 | 0.37% |
| U.S. Fixed Income | 7,220.59 | 1,063,219.68 | 0.68% |
| International Fixed Income | 434.04 | 146,880.26 | 0.30% |
| Commodities | 399.24 | 140,943.68 | 0.28% |
| Currency | 9.24 | 1,967.99 | 0.47% |
| Leveraged | 267.64 | 61,754.48 | 0.43% |
| Inverse | -133.89 | 11,538.99 | -1.16% |
| Asset Allocation | 46.50 | 17,293.89 | 0.27% |
| Alternatives | 22.87 | 6,435.59 | 0.36% |
| Total: | 23,484.70 | 6,607,525.17 | 0.36% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 238,259.66 | 3,883,960.89 | 6.13% |
| International Equity | 150,983.96 | 1,273,529.72 | 11.86% |
| U.S. Fixed Income | 97,439.79 | 1,063,219.68 | 9.16% |
| International Fixed Income | 24,760.86 | 146,880.26 | 16.86% |
| Commodities | -1,387.46 | 140,943.68 | -0.98% |
| Currency | 85.81 | 1,967.99 | 4.36% |
| Leveraged | 923.74 | 61,754.48 | 1.50% |
| Inverse | 4,253.67 | 11,538.99 | 36.86% |
| Asset Allocation | 2,884.27 | 17,293.89 | 16.68% |
| Alternatives | 2,081.35 | 6,435.59 | 32.34% |
| Total: | 520,285.65 | 6,607,525.17 | 7.87% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| JOJO | ATAC Credit Rotation ETF | 100,655.00% | 2,365 | 4.03 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 10.30% | 342,899 | 54.11 |
| DAPP | VanEck Vectors Digital Transformation ETF | 9.71% | 99,362 | 32.43 |
| RIGZ | Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF | 9.68% | 117,559 | 3.69 |
| GRN | iPath Series B Carbon ETN | 6.24% | 174,743 | 55.16 |
| NIB | iPath Bloomberg Cocoa Subindex Total Return ETN | 5.84% | 64,971 | 20.37 |
| JO | iPath Series B Bloomberg Coffee Subindex Total Return ETN | 5.62% | 524,075 | 100.67 |
| BLOK | Amplify Transformational Data Sharing ETF | 5.12% | 1,174,160 | 1,114.13 |
| POTX | Global X Cannabis ETF | 4.80% | 651,304 | 170.57 |
| MJ | ETFMG Alternative Harvest ETF | 4.69% | 3,677,963 | 1,410.81 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| BDRY | Breakwave Dry Bulk Shipping ETF | 231.04% | -5.91% | 83.51 |
| ILCV | iShares Morningstar Value ETF | 134.04% | 0.17% | 741.00 |
| JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 90.68% | 0.87% | 13.34 |
| GRN | iPath Series B Carbon ETN | 66.29% | 6.24% | 55.16 |
| FCG | First Trust Natural Gas ETF | 64.01% | 2.13% | 256.08 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 60.90% | 2.52% | 79.79 |
| PSCE | Invesco S&P SmallCap Energy ETF | 56.63% | 2.38% | 154.57 |
| REMX | VanEck Vectors Rare Earth/Strategic Metals ETF | 56.27% | 0.47% | 867.06 |
| FRAK | VanEck Vectors Unconventional Oil & Gas ETF | 54.65% | 1.15% | 17.19 |
| DBO | Invesco DB Oil Fund | 52.31% | 0.47% | 496.96 |
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.
