ETFs Add $21.5B Last Week
Not even an intraday bear market scare stopped a rebound in flows.
U.S.-listed ETFs took in more than $21.5 billion in new assets in the week ending May 20, the largest haul since early April, and a sign of confidence despite nearly all asset classes suffering this year amid economic uncertainty.
Investors even added net inflows of just over $7 billion on Friday despite the S&P 500 momentarily dipping into bear market territory in intraday trading before rallying to nearly flat to close the week.
The U.S. ETF industry has added $224.9 billion in net assets year to date, according to ETF.com data provider FactSet, and manages more than $6.3 trillion in assets.
Large Caps, Safety Plays Gain
The iShares Core S&P 500 ETF (IVV) led all funds, with a whopping gain just shy of $5 billion, followed by a $1.9 billion inflow into the iShares Core High Dividend ETF (HDV). Other large cap funds gained on the week as well, with the Invesco QQQ Trust (QQQ) adding $1.2 billion and the SPDR S&P 500 ETF Trust (SPY) adding just over $1 billion.
Treasury ETFs rounded out the top inflows list within the fixed income category, leaning heavily toward safer short-term maturities.
The iShares Short Treasury Bond ETF (SHV) added $1.5 billion, while the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the Vanguard Intermediate-Term Treasury Index ETF (VGIT) and the iShares TIPS Bond ETF (TIP) had combined inflows of $2.35 billion. Those inflows come despite a $576 million outflow from the SPDR Portfolio Short Term Treasury ETF (SPTS).
Defensive-tilted equity strategies also took in significant assets. The iShares S&P Small-Cap 600 Value ETF (IJS) and the iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) combined took in $2.2 billion.
Outflows Across Equity Types
Fears of a recession amid multiple macroeconomic head winds appeared to drive outflows across multiple ETFs across the equity asset class.
The iShares Core S&P Small-Cap ETF (IJR) led outflows, with a $1.3 billion loss, followed by the Financial Select Sector SPDR Fund (XLF), with a $1.3 billion outflow.
The iShares Russell 2000 ETF (IWM) and the iShares MSCI USA Value Factor ETF (VLUE) lost a combined $1.8 billion, showing fears across the market capitalization range, while the iShares ESG Aware MSCI EM ETF (ESGE) and the ESG Aware MSCI USA ETF (ESGU) combined to lose $1.17 billion on the week.
Commodities as an asset class posted a combined outflow of $959 million, driven primarily by a $1.04 billion outflow from the iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT).
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | 4,997.80 | 281,792.22 | 1.77% |
| HDV | iShares Core High Dividend ETF | 1,897.27 | 11,917.09 | 15.92% |
| SHV | iShares Short Treasury Bond ETF | 1,583.41 | 20,230.22 | 7.83% |
| QQQ | Invesco QQQ Trust | 1,262.75 | 158,512.01 | 0.80% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 1,200.77 | 8,173.30 | 14.69% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 1,018.91 | 4,447.64 | 22.91% |
| SPY | SPDR S&P 500 ETF Trust | 1,001.89 | 352,025.12 | 0.28% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 822.89 | 18,845.46 | 4.37% |
| VGIT | Vanguard Intermediate-Term Treasury Index ETF | 765.34 | 9,147.85 | 8.37% |
| TIP | iShares TIPS Bond ETF | 760.90 | 31,786.32 | 2.39% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IJR | iShares Core S&P Small-Cap ETF | -1,380.91 | 62,492.11 | -2.21% |
| XLF | Financial Select Sector SPDR Fund | -1,331.22 | 32,326.22 | -4.12% |
| COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | -1,037.20 | 3,242.30 | -31.99% |
| IWM | iShares Russell 2000 ETF | -1,015.71 | 51,843.73 | -1.96% |
| VLUE | iShares MSCI USA Value Factor ETF | -862.91 | 10,079.98 | -8.56% |
| IYE | iShares U.S. Energy ETF | -705.40 | 3,134.07 | -22.51% |
| ESGE | iShares ESG Aware MSCI EM ETF | -620.02 | 5,192.69 | -11.94% |
| SPTS | SPDR Portfolio Short Term Treasury ETF | -576.56 | 3,570.16 | -16.15% |
| IXN | iShares Global Tech ETF | -554.97 | 3,636.02 | -15.26% |
| ESGU | iShares ESG Aware MSCI USA ETF | -550.96 | 21,703.47 | -2.54% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 11,450.77 | 3,701,798.30 | 0.31% |
| International Equity | 1,328.58 | 1,150,979.33 | 0.12% |
| U.S. Fixed Income | 9,797.38 | 1,068,676.38 | 0.92% |
| International Fixed Income | -471.36 | 142,456.76 | -0.33% |
| Commodities | -959.11 | 162,297.63 | -0.59% |
| Currency | 205.98 | 4,107.41 | 5.01% |
| Leveraged | -260.54 | 48,194.11 | -0.54% |
| Inverse | 352.51 | 19,278.29 | 1.83% |
| Asset Allocation | 65.66 | 17,665.83 | 0.37% |
| Alternatives | 70.65 | 7,475.60 | 0.95% |
| Total: | 21,580.51 | 6,322,929.64 | 0.34% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 82,043.11 | 3,701,798.30 | 2.22% |
| International Equity | 54,826.78 | 1,150,979.33 | 4.76% |
| U.S. Fixed Income | 46,746.33 | 1,068,676.38 | 4.37% |
| International Fixed Income | 5,668.58 | 142,456.76 | 3.98% |
| Commodities | 17,193.85 | 162,297.63 | 10.59% |
| Currency | 1,398.62 | 4,107.41 | 34.05% |
| Leveraged | 12,836.17 | 48,194.11 | 26.63% |
| Inverse | 3,011.21 | 19,278.29 | 15.62% |
| Asset Allocation | 752.73 | 17,665.83 | 4.26% |
| Alternatives | 497.57 | 7,475.60 | 6.66% |
| Total: | 224,974.95 | 6,322,929.64 | 3.56% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| RAYS | Global X Solar ETF | 13.10% | 255,665 | 8.04 |
| TAN | Invesco Solar ETF | 9.85% | 5,081,212 | 2,047.91 |
| CTEX | ProShares S&P Kensho Cleantech ETF | 8.84% | 1,513 | 2.81 |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 8.55% | 106,766 | 136.50 |
| CTEC | Global X CleanTech ETF | 8.34% | 78,518 | 107.36 |
| PBW | Invesco WilderHill Clean Energy ETF | 8.29% | 1,237,357 | 1,029.83 |
| VFIN | Simplify Volt Fintech Disruption ETF | 8.20% | 7,684 | 1.15 |
| ICLN | iShares Global Clean Energy ETF | 7.77% | 24,477,599 | 4,774.27 |
| HDRO | Defiance Next Gen H2 ETF | 7.33% | 249,355 | 48.06 |
| FRNW | Fidelity Clean Energy ETF | 7.19% | 133,661 | 27.58 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 69.70% | -2.40% | 0.00 |
| OILK | ProShares K-1 Free Crude Oil Strategy ETF | 45.20% | -3.30% | 92.52 |
| GRU | ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN | 36.36% | -4.94% | 0.00 |
| MLPO | Credit Suisse S&P MLP Index ETN | 35.98% | 0.33% | 27.61 |
| RJI | Elements Rogers International Commodity Index-Total Return ETN | 34.44% | -1.38% | 0.00 |
| FUE | ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN | 27.43% | -1.59% | 2.41 |
| VIXY | ProShares VIX Short-Term Futures ETF | 26.83% | 4.62% | 309.62 |
| RJA | Elements Rogers International Commodity Index-Agriculture TR ETN | 24.05% | -2.45% | 0.01 |
| TADS | The Active Dividend Stock ETF | 17.40% | 0.00% | 0.01 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 15.64% | 1.90% | 100.24 |
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.
