ETFs Add $21.5B Last Week

Not even an intraday bear market scare stopped a rebound in flows.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF4,997.80281,792.221.77%
HDViShares Core High Dividend ETF1,897.2711,917.0915.92%
SHViShares Short Treasury Bond ETF1,583.4120,230.227.83%
QQQInvesco QQQ Trust1,262.75158,512.010.80%
IJSiShares S&P Small-Cap 600 Value ETF1,200.778,173.3014.69%
EEMViShares MSCI Emerging Markets Min Vol Factor ETF1,018.914,447.6422.91%
SPYSPDR S&P 500 ETF Trust1,001.89352,025.120.28%
BILSPDR Bloomberg 1-3 Month T-Bill ETF822.8918,845.464.37%
VGITVanguard Intermediate-Term Treasury Index ETF765.349,147.858.37%
TIPiShares TIPS Bond ETF760.9031,786.322.39%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IJRiShares Core S&P Small-Cap ETF-1,380.9162,492.11-2.21%
XLFFinancial Select Sector SPDR Fund-1,331.2232,326.22-4.12%
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-1,037.203,242.30-31.99%
IWMiShares Russell 2000 ETF-1,015.7151,843.73-1.96%
VLUEiShares MSCI USA Value Factor ETF-862.9110,079.98-8.56%
IYEiShares U.S. Energy ETF-705.403,134.07-22.51%
ESGEiShares ESG Aware MSCI EM ETF-620.025,192.69-11.94%
SPTSSPDR Portfolio Short Term Treasury ETF-576.563,570.16-16.15%
IXNiShares Global Tech ETF-554.973,636.02-15.26%
ESGUiShares ESG Aware MSCI USA ETF-550.9621,703.47-2.54%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity11,450.773,701,798.300.31%
International Equity1,328.581,150,979.330.12%
U.S. Fixed Income9,797.381,068,676.380.92%
International Fixed Income-471.36142,456.76-0.33%
Commodities-959.11162,297.63-0.59%
Currency205.984,107.415.01%
Leveraged-260.5448,194.11-0.54%
Inverse352.5119,278.291.83%
Asset Allocation65.6617,665.830.37%
Alternatives70.657,475.600.95%
Total:21,580.516,322,929.640.34%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity82,043.113,701,798.302.22%
International Equity54,826.781,150,979.334.76%
U.S. Fixed Income46,746.331,068,676.384.37%
International Fixed Income5,668.58142,456.763.98%
Commodities17,193.85162,297.6310.59%
Currency1,398.624,107.4134.05%
Leveraged12,836.1748,194.1126.63%
Inverse3,011.2119,278.2915.62%
Asset Allocation752.7317,665.834.26%
Alternatives497.577,475.606.66%
Total:224,974.956,322,929.643.56%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
RAYSGlobal X Solar ETF13.10%255,6658.04
TANInvesco Solar ETF9.85%5,081,2122,047.91
CTEXProShares S&P Kensho Cleantech ETF8.84%1,5132.81
KGRNKraneShares MSCI China Clean Technology Index ETF8.55%106,766136.50
CTECGlobal X CleanTech ETF8.34%78,518107.36
PBWInvesco WilderHill Clean Energy ETF8.29%1,237,3571,029.83
VFINSimplify Volt Fintech Disruption ETF8.20%7,6841.15
ICLNiShares Global Clean Energy ETF7.77%24,477,5994,774.27
HDRODefiance Next Gen H2 ETF7.33%249,35548.06
FRNWFidelity Clean Energy ETF7.19%133,66127.58

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
RJNElements Rogers International Commodity Index-Energy TR ETN69.70%-2.40%0.00
OILKProShares K-1 Free Crude Oil Strategy ETF45.20%-3.30%92.52
GRUELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN36.36%-4.94%0.00
MLPOCredit Suisse S&P MLP Index ETN35.98%0.33%27.61
RJIElements Rogers International Commodity Index-Total Return ETN34.44%-1.38%0.00
FUEELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN27.43%-1.59%2.41
VIXYProShares VIX Short-Term Futures ETF26.83%4.62%309.62
RJAElements Rogers International Commodity Index-Agriculture TR ETN24.05%-2.45%0.01
TADSThe Active Dividend Stock ETF17.40%0.00%0.01
VIXMProShares VIX Mid-Term Futures ETF15.64%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.

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.