ETF Inflows Start November on Strong Note

Weekly ETF inflows totaled $13.3 billion this 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

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust4,072.19299,244.981.36%
IWMiShares Russell 2000 ETF1,650.2543,927.733.76%
VOOVanguard S&P 500 ETF723.01166,364.280.43%
XBISPDR S&P Biotech ETF645.066,445.1410.01%
VCITVanguard Intermediate-Term Corporate Bond ETF640.8440,148.121.60%
IEMGiShares Core MSCI Emerging Markets ETF627.3056,688.101.11%
VTIVanguard Total Stock Market ETF574.54172,636.060.33%
HYGiShares iBoxx USD High Yield Corporate Bond ETF502.5925,467.791.97%
IBBiShares NASDAQ Biotechnology ETF472.789,969.614.74%
SQQQProShares UltraPro Short QQQ470.121,932.7324.32%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-1,309.2455,468.45-2.36%
SDYSPDR S&P Dividend ETF-1,179.7215,113.58-7.81%
TLTiShares 20+ Year Treasury Bond ETF-640.5919,249.57-3.33%
TQQQProShares UltraPro QQQ-410.307,990.78-5.13%
GLDSPDR Gold Trust-355.9876,482.31-0.47%
USMViShares MSCI USA Min Vol Factor ETF-339.1433,249.34-1.02%
IDMOInvesco S&P International Developed Momentum ETF-298.937.65-3,905.63%
IEFiShares 7-10 Year Treasury Bond ETF-279.4019,484.39-1.43%
IWFiShares Russell 1000 Growth ETF-221.6759,687.83-0.37%
XLIIndustrial Select Sector SPDR Fund-209.6212,667.94-1.65%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity10,010.932,735,845.270.37%
International Equity1,239.81890,586.580.14%
U.S. Fixed Income1,282.50940,963.200.14%
International Fixed Income945.78114,189.350.83%
Commodities-43.87147,065.69-0.03%
Currency-11.411,916.88-0.60%
Leveraged-557.1436,815.56-1.51%
Inverse502.3314,229.713.53%
Asset Allocation-40.5012,080.19-0.34%
Alternatives-31.455,325.12-0.59%
Total:13,297.004,899,017.550.27%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity100,944.982,735,845.273.69%
International Equity23,914.07890,586.582.69%
U.S. Fixed Income160,900.54940,963.2017.10%
International Fixed Income17,884.77114,189.3515.66%
Commodities45,246.40147,065.6930.77%
Currency578.181,916.8830.16%
Leveraged2,214.2736,815.566.01%
Inverse13,687.3514,229.7196.19%
Asset Allocation2,301.3312,080.1919.05%
Alternatives45.105,325.120.85%
Total:367,716.984,899,017.557.51%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
IHFiShares U.S. Healthcare Providers ETF11.11%288,6351,014.91
EPOLiShares MSCI Poland ETF10.78%1,462,007204.54
ITBiShares U.S. Home Construction ETF10.17%17,801,5472,368.68
CHIQGlobal X MSCI China Consumer Discretionary ETF10.00%1,778,688425.48
PBEInvesco Dynamic Biotechnology & Genome ETF9.20%60,129233.39
BBCVirtus LifeSci Biotech Clinical Trials ETF9.08%42,80840.34
XBISPDR S&P Biotech ETF9.03%29,805,8546,445.14
QQHHCM Defender 100 Index ETF8.99%65,106128.05
OILKProShares K-1 Free Crude Oil Strategy ETF8.91%144,79555.70
ERUSiShares MSCI Russia ETF8.87%688,910422.86

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
TANInvesco Solar ETF119.94%-1.50%1,789.04
ARKGARK Genomic Revolution ETF108.71%6.42%2,994.47
ARKWARK Next Generation Internet ETF106.23%7.18%3,026.19
XVZiPath S&P 500 Dynamic VIX ETN100.36%-8.55%30.75
QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund99.19%4.07%826.08
ARKKARK Innovation ETF94.83%7.40%10,416.66
PBWInvesco WilderHill Clean Energy ETF94.64%4.55%930.87
KGRNKraneShares MSCI China Environment Index ETF94.46%6.35%17.36
IBUYAmplify Online Retail ETF85.60%7.41%1,051.74
ONLNProShares Online Retail ETF85.50%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 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.