ETF Inflows Start November on Strong Note

Senior ETF Analyst

Nov 06, 2020

Reviewed by: Sumit Roy

Edited by: Sumit Roy

ETF flows started November on a strong note as stock markets surged following this week's U.S. elections. While the results of the election were still be to finalized, markets were relieved by the likelihood of a split government and no new taxes. The S&P 500 jumped 4.2% in the two days following the election and 7.3% so far in November.

Meanwhile, investors added $13.3 billion to U.S.-listed ETFs during the week ending Thursday, Nov. 5. That pushed year-to-date inflows up to $367.7 billion, ahead of the $237.4 billion seen at this same time a year ago.

Inverse Nasdaq ETF Picks Up Assets

Of this week's inflows, $10 billion headed for U.S. equity ETFs, while the rest was evenly split between international equity ETFs, U.S. fixed income ETFs and international fixed income ETFs.

The SPDR S&P 500 ETF Trust (SPY) was the biggest flows winner of the week, followed by the iShares Russell 2000 ETF (IWM) and the Vanguard S&P 500 ETF (VOO).

The ProShares UltraPro Short QQQ (SQQQ), which provides 3x inverse exposure to the Nasdaq-100 index, was an interesting addition to the top inflows list. It picked up $470 million of new assets during the week.

Assets In 'IDMO' Tumble

On the other side of the ledger, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the iShares 20+ Year Treasury Bond ETF (TLT) shed assets, even as bond prices surged and bond yields tumbled following the election (bond prices and yields move inversely). Investors reasoned that a divided government reduces the likelihood of big spending packages being passed.

Finally, the Invesco S&P International Developed Momentum ETF (IDMO) shed nearly all of its assets this week following outflows of $299 million. Assets under management for the fund now total a mere $8 million.

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
SPY	SPDR S&P 500 ETF Trust	4,072.19	299,244.98	1.36%
IWM	iShares Russell 2000 ETF	1,650.25	43,927.73	3.76%
VOO	Vanguard S&P 500 ETF	723.01	166,364.28	0.43%
XBI	SPDR S&P Biotech ETF	645.06	6,445.14	10.01%
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	640.84	40,148.12	1.60%
IEMG	iShares Core MSCI Emerging Markets ETF	627.30	56,688.10	1.11%
VTI	Vanguard Total Stock Market ETF	574.54	172,636.06	0.33%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	502.59	25,467.79	1.97%
IBB	iShares NASDAQ Biotechnology ETF	472.78	9,969.61	4.74%
SQQQ	ProShares UltraPro Short QQQ	470.12	1,932.73	24.32%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-1,309.24	55,468.45	-2.36%
SDY	SPDR S&P Dividend ETF	-1,179.72	15,113.58	-7.81%
TLT	iShares 20+ Year Treasury Bond ETF	-640.59	19,249.57	-3.33%
TQQQ	ProShares UltraPro QQQ	-410.30	7,990.78	-5.13%
GLD	SPDR Gold Trust	-355.98	76,482.31	-0.47%
USMV	iShares MSCI USA Min Vol Factor ETF	-339.14	33,249.34	-1.02%
IDMO	Invesco S&P International Developed Momentum ETF	-298.93	7.65	-3,905.63%
IEF	iShares 7-10 Year Treasury Bond ETF	-279.40	19,484.39	-1.43%
IWF	iShares Russell 1000 Growth ETF	-221.67	59,687.83	-0.37%
XLI	Industrial Select Sector SPDR Fund	-209.62	12,667.94	-1.65%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	10,010.93	2,735,845.27	0.37%
International Equity	1,239.81	890,586.58	0.14%
U.S. Fixed Income	1,282.50	940,963.20	0.14%
International Fixed Income	945.78	114,189.35	0.83%
Commodities	-43.87	147,065.69	-0.03%
Currency	-11.41	1,916.88	-0.60%
Leveraged	-557.14	36,815.56	-1.51%
Inverse	502.33	14,229.71	3.53%
Asset Allocation	-40.50	12,080.19	-0.34%
Alternatives	-31.45	5,325.12	-0.59%
Total:	13,297.00	4,899,017.55	0.27%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	100,944.98	2,735,845.27	3.69%
International Equity	23,914.07	890,586.58	2.69%
U.S. Fixed Income	160,900.54	940,963.20	17.10%
International Fixed Income	17,884.77	114,189.35	15.66%
Commodities	45,246.40	147,065.69	30.77%
Currency	578.18	1,916.88	30.16%
Leveraged	2,214.27	36,815.56	6.01%
Inverse	13,687.35	14,229.71	96.19%
Asset Allocation	2,301.33	12,080.19	19.05%
Alternatives	45.10	5,325.12	0.85%
Total:	367,716.98	4,899,017.55	7.51%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
IHF	iShares U.S. Healthcare Providers ETF	11.11%	288,635	1,014.91
EPOL	iShares MSCI Poland ETF	10.78%	1,462,007	204.54
ITB	iShares U.S. Home Construction ETF	10.17%	17,801,547	2,368.68
CHIQ	Global X MSCI China Consumer Discretionary ETF	10.00%	1,778,688	425.48
PBE	Invesco Dynamic Biotechnology & Genome ETF	9.20%	60,129	233.39
BBC	Virtus LifeSci Biotech Clinical Trials ETF	9.08%	42,808	40.34
XBI	SPDR S&P Biotech ETF	9.03%	29,805,854	6,445.14
QQH	HCM Defender 100 Index ETF	8.99%	65,106	128.05
OILK	ProShares K-1 Free Crude Oil Strategy ETF	8.91%	144,795	55.70
ERUS	iShares MSCI Russia ETF	8.87%	688,910	422.86

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
TAN	Invesco Solar ETF	119.94%	-1.50%	1,789.04
ARKG	ARK Genomic Revolution ETF	108.71%	6.42%	2,994.47
ARKW	ARK Next Generation Internet ETF	106.23%	7.18%	3,026.19
XVZ	iPath S&P 500 Dynamic VIX ETN	100.36%	-8.55%	30.75
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	99.19%	4.07%	826.08
ARKK	ARK Innovation ETF	94.83%	7.40%	10,416.66
PBW	Invesco WilderHill Clean Energy ETF	94.64%	4.55%	930.87
KGRN	KraneShares MSCI China Environment Index ETF	94.46%	6.35%	17.36
IBUY	Amplify Online Retail ETF	85.60%	7.41%	1,051.74
ONLN	ProShares Online Retail ETF	85.50%	5.24%	674.10

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

| Contact: [email protected]

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.

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ETF Inflows Start November on Strong Note

ETF Inflows Start November on Strong Note

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