ETFs Add $18.7B In Return To Form

ETFs Add $18.7B In Return To Form

U.S. equities and commodities spurred a recovery in the second week of war in Ukraine.

DanMika200x200.jpg
|
Reviewed by: Dan Mika
,
Edited by: Dan Mika

U.S.-listed ETFs added more than $18.65 billion in new assets from March 7 to March 11, mounting a recovery in confidence after Russia’s invasion of Ukraine brought flows the week prior to a standstill relative to last year’s flows. 

The U.S. ETF industry has gained nearly $132.8 in new assets year-to-date, according to ETF.com data provider FactSet, and has approximately $6.71 trillion in assets under management total. 

Bullish Across Asset Classes 

U.S. equities added a net $7.2 billion in assets last week to regain its position as the leading asset class for ETFs, led in part bwith the iShares Russell 2000 ETF (IWM) and the Invesco QQQ Trust (QQQ) taking the top spots in the overall inflows list, with $2.3 billion and $1.5 billion, respectively. The Vanguard S&P 500 ETF (VOO) added approximately $1.2 billion from long-term investors on the week when the benchmark index entered correction territory for the year. 

Bond ETFs also gained, as investors sought some cover from the volatility. The iShares 20+ Year Treasury Bond ETF (TLT) added $858 million to lead all fixed income ETFs, while the PGIM Ultra Short Bond ETF (PULS) and the Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) added $611 million and $563 million, respectively. 

The SPDR Gold Trust (GLD) was the lone commodity fund in the top 10 gainers list, with $612 million added, while the commodities-correlated SPDR S&P Oil & Gas Exploration & Production ETF (XOP) added just shy of $810 million. 

Finally, the First Trust Dorsey Wright Focus 5 ETF (FV) gained nearly $1.2 billion in assets on the week, with almost all of it coming on Friday alone. The fund’s low average volume suggests the inflow is the first leg of a heartbeat trade, mirroring a similar flow of dollars in and out of the fund early last December. 

Sector Equities Struggle 

The top outflows list is dotted with sector-specific ETFS, led by the Financial Select Sector SPDR Fund (XLF), which lost $963 million. The SPDR S&P 500 ETF Trust (SPY) returned to its losing ways for the year, with a decrease of almost $945 million. The Energy Select Sector SPDR Fund (XLE) dropped by nearly $930 million, as fears of early demand destruction for oil due to soaring prices pushed the commodity slightly lower toward the end of the week. 

The First Trust Nasdaq-100 Technology Sector Index Fund (QTEC) lost $550 million, having the largest single drop in assets under management on the week, at just under 22%. The iShares U.S. Real Estate ETF (IYR) had outflows of $638 million, dropping 12% of its assets, while the SPDR S&P Bank ETF (KBE) lost close to $325 million for a 10.2% drop in AUM. 

 

For a full list of last week’s top inflows and outflows, see the tables below: 

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF2,335.8161,465.643.80%
QQQInvesco QQQ Trust1,549.43176,347.050.88%
FVFirst Trust Dorsey Wright Focus 5 ETF1,188.403,919.0530.32%
VOOVanguard S&P 500 ETF1,181.28271,568.850.43%
IGMiShares Expanded Tech Sector ETF940.564,020.9623.39%
TLTiShares 20+ Year Treasury Bond ETF858.1316,680.095.14%
XOPSPDR S&P Oil & Gas Exploration & Production ETF809.686,084.2713.31%
GLDSPDR Gold Trust612.3468,303.140.90%
PULSPGIM Ultra Short Bond ETF611.722,547.2624.01%
VTIPVanguard Short-Term Inflation-Protected Securities ETF563.0519,939.632.82%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLFFinancial Select Sector SPDR Fund-963.0742,539.75-2.26%
SPYSPDR S&P 500 ETF Trust-944.72385,692.66-0.24%
XLEEnergy Select Sector SPDR Fund-929.7438,659.95-2.40%
IYRiShares U.S. Real Estate ETF-637.705,282.13-12.07%
XLYConsumer Discretionary Select Sector SPDR Fund-619.8717,980.33-3.45%
QTECFirst Trust NASDAQ-100 Technology Sector Index Fund-550.042,513.10-21.89%
XLIIndustrial Select Sector SPDR Fund-542.1315,677.52-3.46%
XLKTechnology Select Sector SPDR Fund-473.5543,061.61-1.10%
KBESPDR S&P Bank ETF-324.933,182.22-10.21%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-324.5114,104.23-2.30%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity7,211.574,005,569.750.18%
International Equity3,442.941,206,540.510.29%
U.S. Fixed Income3,637.511,068,274.700.34%
International Fixed Income360.94157,171.780.23%
Commodities3,093.01170,102.291.82%
Currency-2.563,257.45-0.08%
Leveraged654.5859,863.041.09%
Inverse259.8315,972.871.63%
Asset Allocation6.7719,349.960.03%
Alternatives-9.287,267.51-0.13%
Total:18,655.316,713,369.840.28%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity56,603.974,005,569.751.41%
International Equity40,476.291,206,540.513.35%
U.S. Fixed Income3,152.751,068,274.700.30%
International Fixed Income6,363.37157,171.784.05%
Commodities15,596.77170,102.299.17%
Currency186.013,257.455.71%
Leveraged7,309.6259,863.0412.21%
Inverse2,544.1515,972.8715.93%
Asset Allocation455.6219,349.962.35%
Alternatives92.567,267.511.27%
Total:132,781.116,713,369.841.98%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
KEUAKraneShares European Carbon Allowance Strategy ETF31.75%225,868121.95
GRNiPath Series B Carbon ETN30.40%597,601119.26
KRBNKraneShares Global Carbon Strategy ETF23.76%6,180,4871,287.91
URNMNorth Shore Global Uranium Mining ETF15.46%3,274,5211,058.38
KCCAKraneShares California Carbon Allowance Strategy ETF13.06%379,63532.87
DAPPVanEck Digital Transformation ETF12.84%260,72252.51
HDRODefiance Next Gen H2 ETF12.31%333,48961.02
RIGZViridi Cleaner Energy Crypto-Mining & Semiconductor ETF11.83%118,53314.69
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF11.70%197,71647.16
WGMIValkyrie Bitcoin Miners ETF11.50%113,5126.62

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
GLDMSPDR Gold MiniShares Trust107.70% 5,012.30
BNOUnited States Brent Oil Fund LP51.12%-10.95%323.59
RJNElements Rogers International Commodity Index-Energy TR ETN49.43%-9.64%8.87
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN45.24%-9.68%6.29
UGAUnited States Gasoline Fund LP43.41%-11.95%130.26
GSPiPath S&P GSCI Total Return Index ETN42.62%-10.51%47.83
PALLAberdeen Standard Physical Palladium Shares ETF41.62%-3.09%599.08
OILiPath Pure Beta Crude Oil ETN40.72%-11.45%189.50
USOUnited States Oil Fund LP38.74%-10.09%3,503.11
OIHVanEck Oil Services ETF36.76%3.23%3,619.46

 

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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.