ETFs Added Nearly $15B Last Week
Despite dispiriting news about inflation, last week’s inflows were fairly strong.
Last week saw U.S.-listed ETFs add $14.7 billion, with funds covering Asia and China in particular, well-represented in the rankings. The iShares MSCI China ETF (MCHI) claimed the No. 5 spot for inflows, with a gain of $550.3 million.
It was immediately followed by the KraneShares CSI China Internet ETF (KWEB), which was hit especially hard earlier this year in terms of performance but has been seeing a bit of a turnaround; KWEB pulled in $464.2 million during the week.
The iShares MSCI Core Pacific ETF (IPAC), which excludes China’s market but includes Hong Kong, gained $360.9 million and claimed the No. 8 spot in the rankings, while the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) added $324.3 million.
But the largest U.S. market ETFs still represented the lion’s share of the flows, with the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) claiming the Nos. 1 and 2 spots, with gains of $5.49 billion and $4.65 billion, respectively. The Invesco QQQ Trust (QQQ) was the third ETF with the highliest inflows last week, taking in $3 billion.
The remaining funds that were in the top 10 for inflows included the SPDR Portfolio Intermediate Corporate Bond ETF (SPIB), with a gain of $899.9 million; the Vanguard Value ETF (VTV), which added $367.3 million; and the iShares Core High Dividend ETF (HDV) with an inflow of $325.8 million.
Outflows
Despite two key S&P 500 ETFs topping the inflows chart, the SPDR S&P 500 ETF Trust (SPY) led outflows, with a loss of $2.84 billion for the week. The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) followed, with a loss of $1.3 billion. It was one of four fixed income ETFs in the top 10 for outflows.
While SPIB was one of the top gainers for the week, the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), which offers similar coverage, bled $1.07 billion, claiming the No. 4 spot. It was followed by the iShares iBox USD High Yield Corporate Bond ETF (HYG), with a loss of $916.1 million. The iShares National Muni Bond ETF (MUB), the largest muni bond ETF on the market, lost $354.5 million.
Three ETFs in the bottom rankings represented foreign markets, with the JPMorgan BetaBuilders Europe ETF (BBEU)losing $1.14 billion and the JPMorgan BetaBuilders Japan ETF (BBJP) dropping $353.2 million. The iShares MSCI Taiwan ETF (EWT) saw $344.7 million in outflows.
The sole sector fund among the top ETFs for inflows and outflows for last week was the Financial Select Sector SPDR Fund (XLF), which decreased by $337.1 million.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | 5,488.51 | 298,910.94 | 1.84% |
| VOO | Vanguard S&P 500 ETF | 4,646.67 | 259,075.33 | 1.79% |
| QQQ | Invesco QQQ Trust | 3,046.14 | 163,560.34 | 1.86% |
| SPIB | SPDR Portfolio Intermediate Term Corporate Bond ETF | 899.90 | 5,760.50 | 15.62% |
| MCHI | iShares MSCI China ETF | 550.33 | 7,357.17 | 7.48% |
| KWEB | KraneShares CSI China Internet ETF | 464.20 | 7,581.49 | 6.12% |
| VTV | Vanguard Value ETF | 367.34 | 99,934.35 | 0.37% |
| IPAC | iShares Core MSCI Pacific ETF | 360.90 | 1,312.36 | 27.50% |
| HDV | iShares Core High Dividend ETF | 325.82 | 13,204.66 | 2.47% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 324.34 | 2,101.79 | 15.43% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -2,844.78 | 361,043.03 | -0.79% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -1,292.73 | 33,182.74 | -3.90% |
| BBEU | JPMorgan BetaBuilders Europe ETF | -1,142.44 | 5,664.36 | -20.17% |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | -1,071.36 | 41,085.84 | -2.61% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -916.09 | 13,142.53 | -6.97% |
| IWF | iShares Russell 1000 Growth ETF | -473.59 | 60,106.81 | -0.79% |
| MUB | iShares National Muni Bond ETF | -354.54 | 28,547.69 | -1.24% |
| BBJP | JPMorgan BetaBuilders Japan ETF | -353.17 | 6,747.33 | -5.23% |
| EWT | iShares MSCI Taiwan ETF | -344.65 | 5,156.20 | -6.68% |
| XLF | Financial Select Sector SPDR Fund | -337.12 | 32,486.51 | -1.04% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 12,156.05 | 3,850,345.96 | 0.32% |
| International Equity | 2,629.31 | 1,169,805.27 | 0.22% |
| U.S. Fixed Income | -1,374.28 | 1,077,700.16 | -0.13% |
| International Fixed Income | 278.17 | 142,818.57 | 0.19% |
| Commodities | 647.23 | 165,571.49 | 0.39% |
| Currency | 41.28 | 3,987.12 | 1.04% |
| Leveraged | -157.59 | 53,948.10 | -0.29% |
| Inverse | 421.66 | 20,242.74 | 2.08% |
| Asset Allocation | -52.41 | 17,868.05 | -0.29% |
| Alternatives | 111.34 | 7,715.96 | 1.44% |
| Total: | 14,700.75 | 6,510,003.42 | 0.23% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 115,701.97 | 3,850,345.96 | 3.00% |
| International Equity | 58,668.69 | 1,169,805.27 | 5.02% |
| U.S. Fixed Income | 55,946.47 | 1,077,700.16 | 5.19% |
| International Fixed Income | 7,083.12 | 142,818.57 | 4.96% |
| Commodities | 17,860.12 | 165,571.49 | 10.79% |
| Currency | 1,235.09 | 3,987.12 | 30.98% |
| Leveraged | 16,436.38 | 53,948.10 | 30.47% |
| Inverse | 7,238.04 | 20,242.74 | 35.76% |
| Asset Allocation | 773.61 | 17,868.05 | 4.33% |
| Alternatives | 773.92 | 7,715.96 | 10.03% |
| Total: | 281,717.42 | 6,510,003.42 | 4.33% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| KWEB | KraneShares CSI China Internet ETF | 10.19% | 106,494,807 | 7,581.49 |
| PGJ | Invesco Golden Dragon China ETF | 9.32% | 480,934 | 285.97 |
| XDNA | Kelly CRISPR & Gene Editing Technology ETF | 9.10% | 8,386 | 1.03 |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 8.00% | 2,291 | 2.80 |
| EMQQ | Emerging Markets Internet & Ecommerce ETF | 7.57% | 585,020 | 675.62 |
| BBC | Virtus LifeSci Biotech Clinical Trials ETF | 7.39% | 21,173 | 15.42 |
| CHNA | Loncar China BioPharma ETF | 7.17% | 5,742 | 5.67 |
| CNCR | Loncar Cancer Immunotherapy ETF | 6.88% | 17,295 | 21.00 |
| MSGR | Direxion mRNA ETF | 6.77% | 2,299 | 3.36 |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 6.63% | 723,754 | 318.83 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 91.67% | 2.23% | 17.26 |
| MLPO | Credit Suisse S&P MLP Index ETN | 64.44% | 5.15% | 29.94 |
| OILK | ProShares K-1 Free Crude Oil Strategy ETF | 59.83% | 4.10% | 113.04 |
| RJI | Elements Rogers International Commodity Index-Total Return ETN | 39.80% | 0.41% | 163.62 |
| GRU | ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN | 31.08% | 0.65% | 15.02 |
| FUE | ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN | 28.17% | 0.83% | 2.46 |
| RJA | Elements Rogers International Commodity Index-Agriculture TR ETN | 21.21% | 0.19% | 270.48 |
| USOI | Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 19.95% | 0.69% | 394.77 |
| TADS | The Active Dividend Stock ETF | 17.40% | 0.00% | 394.77 |
| NVMZ | TrueShares Structured Outcome ETF - November | 14.66% | 394.77 |
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.
