ETFs Added $12B Last Week
A resurgence in equities and short-maturity bonds buoyed inflows.
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 $1.9 billion.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 ETF | 11,673.87 | 285,484.81 | 4.09% |
| QQQ | Invesco QQQ Trust | 2,539.13 | 195,264.15 | 1.30% |
| IVV | iShares Core S&P 500 ETF | 2,252.66 | 323,218.93 | 0.70% |
| IUSB | iShares Core Total USD Bond Market ETF | 1,759.76 | 18,365.72 | 9.58% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 1,238.72 | 15,503.98 | 7.99% |
| IEFA | iShares Core MSCI EAFE ETF | 1,065.19 | 103,716.76 | 1.03% |
| MINT | PIMCO Enhanced Short Maturity Active ETF | 865.20 | 13,996.34 | 6.18% |
| TLH | iShares 10+ Year Investment Grade Corporate Bond ETF | 818.97 | 2,296.20 | 35.67% |
| VTI | Vanguard Total Stock Market ETF | 721.58 | 289,477.26 | 0.25% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 702.58 | 18,763.18 | 3.74% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -10,337.92 | 415,225.97 | -2.49% |
| BSV | Vanguard Short-Term Bond ETF | -1,855.75 | 39,548.44 | -4.69% |
| TIP | iShares TIPS Bond ETF | -1,749.28 | 35,158.43 | -4.98% |
| IWM | iShares Russell 2000 ETF | -1,700.22 | 60,597.03 | -2.81% |
| VLUE | iShares MSCI USA Value Factor ETF | -1,133.81 | 14,271.70 | -7.94% |
| IEF | iShares 7-10 Year Treasury Bond ETF | -1,111.70 | 15,616.43 | -7.12% |
| VGSH | Vanguard Short-Term Treasury Index ETF | -849.64 | 13,073.77 | -6.50% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -804.86 | 35,853.67 | -2.24% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -801.74 | 7,939.02 | -10.10% |
| FALN | iShares Fallen Angels USD Bond ETF | -771.36 | 4,037.50 | -19.10% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 8,591.06 | 4,207,776.51 | 0.20% |
| International Equity | 2,014.36 | 1,301,198.03 | 0.15% |
| U.S. Fixed Income | -1,000.67 | 1,082,653.34 | -0.09% |
| International Fixed Income | 498.58 | 160,023.03 | 0.31% |
| Commodities | 597.61 | 142,798.95 | 0.42% |
| Currency | -58.58 | 2,865.60 | -2.04% |
| Leveraged | 380.38 | 70,138.09 | 0.54% |
| Inverse | 999.50 | 13,467.56 | 7.42% |
| Asset Allocation | 31.50 | 20,281.11 | 0.16% |
| Alternatives | 52.07 | 7,058.68 | 0.74% |
| Total: | 12,105.82 | 7,008,260.90 | 0.17% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 17,220.49 | 4,207,776.51 | 0.41% |
| International Equity | 26,068.24 | 1,301,198.03 | 2.00% |
| U.S. Fixed Income | -6,828.54 | 1,082,653.34 | -0.63% |
| International Fixed Income | 2,772.23 | 160,023.03 | 1.73% |
| Commodities | 4,754.50 | 142,798.95 | 3.33% |
| Currency | -80.80 | 2,865.60 | -2.82% |
| Leveraged | 4,748.97 | 70,138.09 | 6.77% |
| Inverse | 2,173.40 | 13,467.56 | 16.14% |
| Asset Allocation | 370.13 | 20,281.11 | 1.83% |
| Alternatives | 167.05 | 7,058.68 | 2.37% |
| Total: | 51,365.67 | 7,008,260.90 | 0.73% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| BNGE | First Trust S-Network Streaming & Gaming ETF | 108.98% | 774,481 | 2.55 |
| UNG | United States Natural Gas Fund LP | 16.66% | 57,413,900 | 328.88 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 16.34% | 174,957 | 12.45 |
| BUDX | Cannabis Growth ETF | 11.46% | 3,612 | 3.53 |
| MJUS | ETFMG U.S. Alternative Harvest ETF | 11.10% | 28,438 | 6.08 |
| UNL | United States 12 Month Natural Gas Fund LP | 10.85% | 212,129 | 30.23 |
| MSOS | AdvisorShares Pure US Cannabis ETF | 10.56% | 7,085,748 | 1,015.89 |
| HYDR | Global X Hydrogen ETF | 9.78% | 138,944 | 24.81 |
| DSPC | The De-SPAC ETF | 9.74% | 16,399 | 2.84 |
| POTX | Global X Cannabis ETF | 9.62% | 899,701 | 81.69 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| UNG | United States Natural Gas Fund LP | 38.03% | 16.66% | 328.88 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 37.35% | 16.34% | 12.45 |
| SOGU | The Short De-SPAC ETF | 32.34% | -10.34% | 30.73 |
| UNL | United States 12 Month Natural Gas Fund LP | 31.73% | 10.85% | 30.23 |
| SARK | Tuttle Capital Short Innovation ETF | 30.69% | -6.85% | 291.69 |
| OIH | VanEck Oil Services ETF | 24.28% | 2.33% | 2,663.48 |
| JJE | iPath Series B Bloomberg Energy Subindex Total Return ETN | 23.93% | 5.92% | 4.84 |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 23.48% | 2.06% | 7.90 |
| PALL | Aberdeen Standard Physical Palladium Shares ETF | 22.44% | -0.13% | 407.65 |
| XLE | Energy Select Sector SPDR Fund | 22.23% | 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.
