ETFs Add $30B On Equity Surge

ETF investors piled into large cap stalwarts last week to bring just shy of a net $30.2 billion in fresh assets to the U.S. ETF industry from March 28 to April 1, despite the S&P 500 losing 1.5% last week. 

U.S.-listed ETFs closed the first quarter with $205.4 billion in new assets year-to-date, and have a combined $7 billion in assets under management. 

‘SPY’ Crushes Flows 

The SPDR S&P 500 ETF Trust (SPY) dominated inflows last week with an $8.6 billion haul, amounting to nearly 40% of all the net inflows during the period. It more than doubled the second-place Invesco QQQ Trust (QQQ), which added $4.2 billion during the week. 

However, SPY remains deep in the red year-to-date, with just short of $12 billion in losses. 

Other S&P 500-following funds took in significant assets on the week, with the iShares Core S&P 500 ETF (IVV), the iShares S&P 500 Growth ETF (IVW) and the Vanguard S&P 500 ETF (VOO) adding a combined $3.1 billion. 

The Vanguard Total Bond Market ETF (BND) led fixed income gainers, with a $2.4 billion inflow, while the Schwab Intermediate-Term U.S. Treasury ETF (SCHR) added $853 million. The funds have produced losses of 5.8% and 4.9% year-to-date, but investors were likely rebalancing their bond exposure as hawkish words from Fed members drove yields higher. 

It wasn’t all rosy on the Treasury front, as the intermediate-term iShares 3-7 Year Treasury Bond ETF (IEI) lost $414 million. 

Emerging markets were the international theme to be in last week, with the iShares MSCI Emerging Markets ETF (EEM) and the iShares Core MSCI Emerging Markets ETF (IEMG) adding more than $2 billion combined on the week. 

Outflows Across Asset Classes 

There wasn’t a strong pattern among the largest outflows list last week, with funds across asset classes making appearances. 

The iShares Russell 2000 (IWM) led outflows, with $1.5 billion in losses on the week, followed by the Vanguard Short-Term Bond ETF (BSV), with losses just shy of $1.3 billion. 

While the S&P 500 funds surged, the rest of the large caps struggled, with the iShares Russell 1000 Growth ETF (IWF) in particular losing nearly $820 million. 

Corporate and foreign sovereign bonds also struggled on the week, as safer Treasury yields continued to rise. 

The iShares JP Morgan USD Emerging Markets Bond ETF (EMB), the JPMorgan High Yield Research Enhanced ETF (JPHY) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) lost a combined $1.75 billion. 

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

Top 10 Creations (All ETFs)

Top 10 Redemptions (All ETFs)

ETF Weekly Flows By Asset Class

Asset Classes (Year-to-Date)

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

Top 10 YTD Performers

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.