ETF Inflows Start November on Strong Note
Weekly ETF inflows totaled $13.3 billion this week.
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.
