ETFs Added $12B Last Week

A resurgence in equities and short-maturity bonds buoyed inflows.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

Investors added a net $12.1 billion in new money into U.S.-listed ETFs last week, driven mainly by a resurgence in three of the biggest broad-market funds.

The U.S. ETF industry has gained just over $51.4 billion in net new assets this year, according to ETF.com data provider FactSet, and has just over $7 trillion in assets under management.

Broad Equity (Mostly) Spikes Back

The Vanguard S&P 500 ETF (VOO) dominated the top of the inflows chart, gaining just shy of $11.7 billion in net assets on the week.

In distant second was the Invesco QQQ Trust (QQQ), which added $2.5 billion as the tech-heavy Nasdaq-100 spurned ongoing fears of aggressive Fed rate hikes and a dismal Meta Platforms earnings report to gain 4.38% on the week. The iShares Core S&P 500 ETF (IVV) rounded out the top three, with $2.25 billion in new assets.

However, the SPDR S&P 500 ETF Trust (SPY) lost $10.4 billion on the week to continue its slide. The oldest U.S.-listed ETF has lost $21.4 billion in assets year-to-date.

SPY tends to be used as a short-term tool by traders and is more vulnerable to volatility-related sell-offs than IVV or VOO, which have lower expense ratios and are generally used as core equity holdings in long-term investment portfolios.

Split Decisions Leave US Bond Flows Flat

The U.S. fixed income asset class ended the week with a little more than $1 billion in outflows, with investors buying and selling related ETFs to both ends of the inflow and outflow lists.

This Jekyll & Hyde pattern is clear with the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) gaining nearly $702 million on the week, while the SPDR Bloomberg High Yield Bond ETF (JNK) lost $802 million, despite the two having substantial overlap in the junk bond space. Funds following bonds with less than a year to maturity flourished as the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the PIMCO Enhanced Short Maturity Active ETF (MINT) gained just over $2.1 billion in the period combined. Meanwhile, the Vanguard Short-Term Bond ETF (BSV), which tracks bonds with between one and five years to maturity, lost $1.9 billion.

 

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
VOOVanguard S&P 500 ETF11,673.87285,484.814.09%
QQQInvesco QQQ Trust2,539.13195,264.151.30%
IVViShares Core S&P 500 ETF2,252.66323,218.930.70%
IUSBiShares Core Total USD Bond Market ETF1,759.7618,365.729.58%
BILSPDR Bloomberg 1-3 Month T-Bill ETF1,238.7215,503.987.99%
IEFAiShares Core MSCI EAFE ETF1,065.19103,716.761.03%
MINTPIMCO Enhanced Short Maturity Active ETF865.2013,996.346.18%
TLHiShares 10+ Year Investment Grade Corporate Bond ETF818.972,296.2035.67%
VTIVanguard Total Stock Market ETF721.58289,477.260.25%
HYGiShares iBoxx USD High Yield Corporate Bond ETF702.5818,763.183.74%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-10,337.92415,225.97-2.49%
BSVVanguard Short-Term Bond ETF-1,855.7539,548.44-4.69%
TIPiShares TIPS Bond ETF-1,749.2835,158.43-4.98%
IWMiShares Russell 2000 ETF-1,700.2260,597.03-2.81%
VLUEiShares MSCI USA Value Factor ETF-1,133.8114,271.70-7.94%
IEFiShares 7-10 Year Treasury Bond ETF-1,111.7015,616.43-7.12%
VGSHVanguard Short-Term Treasury Index ETF-849.6413,073.77-6.50%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-804.8635,853.67-2.24%
JNKSPDR Bloomberg High Yield Bond ETF-801.747,939.02-10.10%
FALNiShares Fallen Angels USD Bond ETF-771.364,037.50-19.10%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity8,591.064,207,776.510.20%
International Equity2,014.361,301,198.030.15%
U.S. Fixed Income-1,000.671,082,653.34-0.09%
International Fixed Income498.58160,023.030.31%
Commodities597.61142,798.950.42%
Currency-58.582,865.60-2.04%
Leveraged380.3870,138.090.54%
Inverse999.5013,467.567.42%
Asset Allocation31.5020,281.110.16%
Alternatives52.077,058.680.74%
Total:12,105.827,008,260.900.17%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity17,220.494,207,776.510.41%
International Equity26,068.241,301,198.032.00%
U.S. Fixed Income-6,828.541,082,653.34-0.63%
International Fixed Income2,772.23160,023.031.73%
Commodities4,754.50142,798.953.33%
Currency-80.802,865.60-2.82%
Leveraged4,748.9770,138.096.77%
Inverse2,173.4013,467.5616.14%
Asset Allocation370.1320,281.111.83%
Alternatives167.057,058.682.37%
Total:51,365.677,008,260.900.73%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BNGEFirst Trust S-Network Streaming & Gaming ETF108.98%774,4812.55
UNGUnited States Natural Gas Fund LP16.66%57,413,900328.88
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN16.34%174,95712.45
BUDXCannabis Growth ETF11.46%3,6123.53
MJUSETFMG U.S. Alternative Harvest ETF11.10%28,4386.08
UNLUnited States 12 Month Natural Gas Fund LP10.85%212,12930.23
MSOSAdvisorShares Pure US Cannabis ETF10.56%7,085,7481,015.89
HYDRGlobal X Hydrogen ETF9.78%138,94424.81
DSPCThe De-SPAC ETF9.74%16,3992.84
POTXGlobal X Cannabis ETF9.62%899,70181.69

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
UNGUnited States Natural Gas Fund LP38.03%16.66%328.88
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN37.35%16.34%12.45
SOGUThe Short De-SPAC ETF32.34%-10.34%30.73
UNLUnited States 12 Month Natural Gas Fund LP31.73%10.85%30.23
SARKTuttle Capital Short Innovation ETF30.69%-6.85%291.69
OIHVanEck Oil Services ETF24.28%2.33%2,663.48
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN23.93%5.92%4.84
RJNElements Rogers International Commodity Index-Energy TR ETN23.48%2.06%7.90
PALLAberdeen Standard Physical Palladium Shares ETF22.44%-0.13%407.65
XLEEnergy Select Sector SPDR Fund22.23%4.36%34,884.96

 

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.