ETF Inflows Strong To Start 2021
Investors added nearly $17 billion to U.S.-listed ETFs during the week.
After setting a fresh annual record in 2020, ETF inflows kept up their robust pace during the first week of 2021. On net, investors added $16.8 billion to U.S.-listed ETFs during the first week of the new year. That data, which measures the holiday-shortened week ending Thursday, Jan. 7, showed U.S. equity ETFs taking an early lead on the flows charts, led by the SPDR S&P 500 ETF Trust (SPY), the iShares Russell 2000 ETF (IWM) and the Financial Select Sector SPDR Fund (XLF).
The S&P 500 raced to record highs this week, topping 3,800 for the first time as investors anticipated fresh stimulus measures following the inauguration of President-elect Biden later this month. With Congress in Democrats' hands following two victories in Georgia's Senate runoff elections, expectations are that fiscal spending could ramp up significantly in the coming months.
Yield Spike
Those expectations sent bond yields surging. The 10-year Treasury bond yield topped 1.12% for the first time since last March this week, pushing many bond ETFs lower (bond prices and yields move inversely). The spike in yields also had a negtive effect on gold, which tumbled to a one-month low below $1,850/oz during the week.
Nevertheless, ETF investors still added to their bond and gold holdings. U.S. fixed income ETFs had net inflows of $742 million during the period, while the SPDR Gold Trust (GLD) registered inflows of $684 million.
On the other hand, investors lightened up on some of their tech exposure. The Invesco QQQ Trust (QQQ), which was one of last year's top performers, saw outflows of nearly $2 billion.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | 2,865.18 | 331,227.17 | 0.87% |
IWM | iShares Russell 2000 ETF | 2,263.14 | 63,376.57 | 3.57% |
XLF | Financial Select Sector SPDR Fund | 2,174.58 | 27,775.04 | 7.83% |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 823.98 | 2,156.65 | 38.21% |
XLE | Energy Select Sector SPDR Fund | 749.10 | 15,410.45 | 4.86% |
VTI | Vanguard Total Stock Market ETF | 711.41 | 203,029.05 | 0.35% |
XLB | Materials Select Sector SPDR Fund | 688.00 | 6,162.27 | 11.16% |
GLD | SPDR Gold Trust | 683.65 | 73,397.23 | 0.93% |
BND | Vanguard Total Bond Market ETF | 606.07 | 68,274.23 | 0.89% |
ARKK | ARK Innovation ETF | 410.87 | 18,625.15 | 2.21% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | -1,974.90 | 146,878.02 | -1.34% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -1,086.29 | 24,659.71 | -4.41% |
IYR | iShares U.S. Real Estate ETF | -1,063.94 | 4,209.66 | -25.27% |
SHV | iShares Short Treasury Bond ETF | -815.62 | 17,016.12 | -4.79% |
PDP | Invesco DWA Momentum ETF | -380.45 | 1,985.48 | -19.16% |
IVW | iShares S&P 500 Growth ETF | -364.83 | 31,406.07 | -1.16% |
SCHO | Schwab Short-Term U.S. Treasury ETF | -321.19 | 7,479.47 | -4.29% |
IYM | iShares U.S. Basic Materials ETF | -316.93 | 621.95 | -50.96% |
TLT | iShares 20+ Year Treasury Bond ETF | -293.36 | 18,048.69 | -1.63% |
IJK | iShares S&P Mid-Cap 400 Growth ETF | -285.01 | 7,864.78 | -3.62% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 10,249.14 | 3,128,860.90 | 0.33% |
International Equity | 3,891.70 | 1,083,067.22 | 0.36% |
U.S. Fixed Income | 742.74 | 965,530.97 | 0.08% |
International Fixed Income | 858.15 | 124,335.32 | 0.69% |
Commodities | 993.63 | 148,899.48 | 0.67% |
Currency | -33.39 | 1,885.71 | -1.77% |
Leveraged | -847.89 | 45,039.87 | -1.88% |
Inverse | 779.63 | 11,528.55 | 6.76% |
Asset Allocation | 3.95 | 13,323.24 | 0.03% |
Alternatives | 169.61 | 5,546.28 | 3.06% |
Total: | 16,807.26 | 5,528,017.52 | 0.30% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 10,249.14 | 3,128,860.90 | 0.33% |
International Equity | 3,891.70 | 1,083,067.22 | 0.36% |
U.S. Fixed Income | 742.74 | 965,530.97 | 0.08% |
International Fixed Income | 858.15 | 124,335.32 | 0.69% |
Commodities | 993.63 | 148,899.48 | 0.67% |
Currency | -33.39 | 1,885.71 | -1.77% |
Leveraged | -847.89 | 45,039.87 | -1.88% |
Inverse | 779.63 | 11,528.55 | 6.76% |
Asset Allocation | 3.95 | 13,323.24 | 0.03% |
Alternatives | 169.61 | 5,546.28 | 3.06% |
Total: | 16,807.26 | 5,528,017.52 | 0.30% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
THCX | The Cannabis ETF | 13.21% | 897,571 | 57.02 |
PSCE | Invesco S&P SmallCap Energy ETF | 13.17% | 627,606 | 32.85 |
POTX | Global X Cannabis ETF | 13.01% | 865,343 | 45.28 |
PXI | Invesco DWA Energy Momentum ETF | 12.42% | 41,001 | 22.21 |
XES | SPDR S&P Oil & Gas Equipment & Services ETF | 12.25% | 381,317 | 148.92 |
FCG | First Trust Natural Gas ETF | 11.94% | 3,008,863 | 117.67 |
PSCM | Invesco S&P SmallCap Materials ETF | 11.81% | 78,413 | 13.90 |
OIH | VanEck Vectors Oil Services ETF | 11.52% | 1,643,516 | 838.78 |
IEZ | iShares U.S. Oil Equipment & Services ETF | 11.51% | 1,256,231 | 88.91 |
CNBS | Amplify Seymour Cannabis ETF | 11.50% | 514,332 | 30.11 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
FUE | Elements MLCX Biofuels Index-Total Return ETN | 25.59% | 11.20% | 0.46 |
AAAU | Goldman Sachs Physical Gold ETF | 20.86% | 521.88 | |
POTX | Global X Cannabis ETF | 19.29% | 13.01% | 45.28 |
THCX | The Cannabis ETF | 17.92% | 13.21% | 57.02 |
CNBS | Amplify Seymour Cannabis ETF | 15.53% | 11.50% | 30.11 |
PSCE | Invesco S&P SmallCap Energy ETF | 15.49% | 13.17% | 32.85 |
MJ | ETFMG Alternative Harvest ETF | 15.12% | 11.17% | 1,105.65 |
XES | SPDR S&P Oil & Gas Equipment & Services ETF | 14.01% | 12.25% | 148.92 |
FCG | First Trust Natural Gas ETF | 13.72% | 11.94% | 117.67 |
PXI | Invesco DWA Energy Momentum ETF | 13.70% | 12.42% | 22.21 |
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.