ETFs Attract $10B In Weekly Flows

Risk-off moves pulled investors out of growth ETFs and into safer positions.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

The U.S.-listed ETF industry gained nearly $10.4 billion in assets from Nov. 12 to Nov. 18, as a week of growing inflation fears pushed funds out of growth sectors and into value plays.

According to ETF.com data provider FactSet, U.S.-listed ETFs have gained $772.4 billion in assets year-to-date, and now hold $7.1 trillion in assets under management.

Value, TIPS, Small Caps Advance

Broad-market index funds continued their long reign on top of the inflows leaderboard, with the iShares Core S&P 500 ETF (IVV), the Vanguard Total Stock Market ETF (VTI) and the Vanguard S&P 500 ETF (VOO) gaining a combined $4.8 billion in assets.

However, the SPDR S&P 500 ETF Trust (SPY) posted $4.7 billion in outflows during the period, suggesting that traders aren’t as bullish on U.S. equity moves for short-term profits.

The iShares TIPS Bond ETF (TIP) added $586 million in assets and now has amassed $10.7 billion year-to-date, as inflation continues to drive the political conversation in Washington ahead of key GDP and inflation data reports next Wednesday. The Vanguard Value ETF (VTV) gained $506.2 million in a flight to relative safety in equities.

Small cap ETFs also gained in the week, with the iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) gaining a combined $967 million. Investors are hoping that smaller companies will be nimble enough to navigate inflation pressures than larger competitors. There may also be some short-term alpha-chasing at play, as the Russell 2000 has outperformed the S&P 500 through the first half of November.

The Invesco S&P 500 Low Volatility ETF (SPLV) gained $743.9 million during the period, but that appears to be the first leg of a heartbeat trade. The fund took in $1.2 billion of new assets nearly three months ago to the day before most of those funds were pulled.

Growth Stocks Dumped

The Invesco QQQ Trust (QQQ) was second behind SPY in outflows during the period, losing $1.5 billion as investors pulled out of growth funds.

The iShares Russell 1000 Growth ETF (IWF), the iShares MSCI USA Momentum Factor ETF (MTUM) and the Vanguard Growth ETF (VUG) lost almost $1.82 billion combined during the week, while the Global X Cloud Computing ETF (CLOU) and the SPDR S&P Biotech ETF (XBI) lost a combined $765 million.

KWEB Assets Surge

The KraneShares CSI China Internet ETF (KWEB) took in $629 million on the week, giving it the fourth-largest inflow among all ETFs during the period.

KWEB is down 36.9% on the year after Beijing’s late-July crackdown on large technology companies and other sectors of the Chinese economy scared away foreign investors. However, the fund has gained $7.89 billion in assets this year, with the vast majority coming after the crackdown, and has added $1.44 billion in assets in the last month.

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 ETF1,992.37326,417.650.61%
VTIVanguard Total Stock Market ETF1,712.52292,497.950.59%
VOOVanguard S&P 500 ETF1,141.00276,994.160.41%
SPLVInvesco S&P 500 Low Volatility ETF743.969,066.358.21%
KWEBKraneShares CSI China Internet ETF629.009,503.036.62%
TIPiShares TIPS Bond ETF586.1337,823.621.55%
BNDVanguard Total Bond Market ETF569.2082,847.700.69%
VTVVanguard Value ETF506.1890,175.080.56%
IWMiShares Russell 2000 ETF484.2174,274.640.65%
IJRiShares Core S&P Small-Cap ETF482.8076,225.440.63%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-4,722.94423,844.97-1.11%
QQQInvesco QQQ Trust-1,516.22207,192.18-0.73%
IWFiShares Russell 1000 Growth ETF-863.0578,309.80-1.10%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-776.9237,338.58-2.08%
XLEEnergy Select Sector SPDR Fund-501.3626,384.38-1.90%
MTUMiShares MSCI USA Momentum Factor ETF-481.0416,368.05-2.94%
VUGVanguard Growth ETF-473.5390,407.19-0.52%
CLOUGlobal X Cloud Computing ETF-406.251,461.95-27.79%
XBISPDR S&P Biotech ETF-359.377,079.56-5.08%
VGSHVanguard Short-Term Treasury Index ETF-348.4813,283.24-2.62%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,510.164,288,066.920.08%
International Equity2,524.261,334,266.850.19%
U.S. Fixed Income2,632.621,104,487.640.24%
International Fixed Income573.43150,834.010.38%
Commodities394.98144,769.840.27%
Currency89.153,391.922.63%
Leveraged678.4374,412.560.91%
Inverse-195.2412,135.50-1.61%
Asset Allocation126.3719,846.440.64%
Alternatives56.927,134.150.80%
Total:10,391.087,139,345.840.15%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity383,102.834,288,066.928.93%
International Equity189,618.911,334,266.8514.21%
U.S. Fixed Income154,445.851,104,487.6413.98%
International Fixed Income31,380.46150,834.0120.80%
Commodities-3,019.46144,769.84-2.09%
Currency1,788.083,391.9252.72%
Leveraged647.2274,412.560.87%
Inverse6,336.1612,135.5052.21%
Asset Allocation4,855.1919,846.4424.46%
Alternatives3,283.827,134.1546.03%
Total:772,439.067,139,345.8410.82%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CHBGlobal X China Biotech Innovation ETF6.19%4,7194.31
GRNiPath Series B Carbon ETN5.84%337,03098.09
JOiPath Series B Bloomberg Coffee Subindex Total Return ETN5.33%540,100120.70
CHNALoncar China BioPharma ETF4.67%7,06312.33
KEUAKraneShares European Carbon Allowance ETF4.40%7,83874.71
KUREKraneShares MSCI All China Health Care Index ETF4.27%87,577201.80
PALLAberdeen Standard Physical Palladium Shares ETF3.88%156,938398.32
JJSiPath Series B Bloomberg Softs Subindex Total Return ETN3.85%3,5709.79
CHIHGlobal X MSCI China Health Care ETF3.55%18,91316.41
VCARSimplify Volt RoboCar Disruption and Tech ETF3.54%171,0438.17

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF155.19%-9.63%54.09
URNMNorth Shore Global Uranium Mining ETF117.46%-7.00%961.96
FCGFirst Trust Natural Gas ETF113.96%-2.68%486.52
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN113.96%0.68%17.92
PXEInvesco Dynamic Energy Exploration & Production ETF109.82%-2.63%138.82
GRNiPath Series B Carbon ETN109.40%5.84%98.09
PXIInvesco DWA Energy Momentum ETF92.44%-3.02%98.78
PSCEInvesco S&P SmallCap Energy ETF87.94%-4.25%139.50
KRBNKraneShares Global Carbon ETF86.93%3.07%1,307.13
UNGUnited States Natural Gas Fund LP86.74%1.43%531.22

 

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.