ETFs Bounce Back With $19B Gain On Week

‘SPY’ added almost $4.7 billion after weeks of outflows.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

U.S.-listed ETFs bounced back from a nervy week after Russia began its invasion of Ukraine to add more than $18.8 billion in new assets from Feb. 28 to March 4 and cross the $100 billion mark in net new assets for the year. 

The U.S. ETF industry has added just shy of $114 billion in new assets year-to-date, according to ETF.com data provider FactSet, and manages more than $6.8 trillion in assets.

The SPDR S&P 500 ETF Trust (SPY) reversed its weeks-long slump to lead all ETFs with just less than $4.7 billion in inflows for the week. The Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI) continued its consistent inflow of new dollars despite the year’s volatility, adding $1.1 billion and $707 million, respectively. 

Those three funds represented the lion’s share of the relatively small $6.3 billion in net assets flowing into the U.S. equity asset class on the week. 

The SPDR Gold Trust (GLD) also saw a sharp inflow of just under $1.7 billion on the week as investors seek the safest of the safe haven assets while real bond yields remain negative. 

Broad commodity funds gained on the week as global oil and grain prices surge due to the West’s broad refusal to buy from Russia, and the disruption of the 30% of global wheat exports that Russia and Ukraine account for. The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and the First Trust Global Tactical Commodity Strategy Fund (FTGC) added just shy of $1 billion combined. 

Finally, a handful of fixed income ETFs landed on the top 10 inflow list for the week. The iShares 7-10 Year Treasury Bond ETF (IEF) led the segment, with $1.5 billion, followed by the iShares iBoxx USD High Yield Corporate Bonds ETF (HYG) with $700.4 million. 

The iShares JPMorgan USD Emerging Markets Bond ETF (EMB) added $592 million to partially offset last week’s sell-off after the U.S. Treasury Department froze Russian sovereign debt in the country. J.P. Morgan has yet to announce whether it will remove Russia from its benchmark emerging market indexes, while several of the largest index providers have already committed to removing Russian asset exposure.

Sector-specific equity ETFs struggled across the board as investor sentiment soured on targeted stock exposures. 

The Invesco QQQ Trust (QQQ) lost $1.8 billion to lead the largest outflow list, while the Financial Select Sector SPDR Fund (XLF) was the second-largest loser, with nearly $989 million in outflows. 

The iShares U.S. Real Estate ETF (IYR) and the Vanguard Real Estate ETF (VNQ) lost a combined $889 million, while the VanEck Semiconductor ETF (SMH) and the Materials Select Sector SPDR Fund (XLB) lost $428 million and $415 million, respectively. 

The iShares Core U.S. Aggregate Bond ETF (AGG) was the only fixed income ETF on the top 10 largest outflows list for the week, with just under $385 million pulled. 
 

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
SPYSPDR S&P 500 ETF Trust4,696.47395,865.001.19%
GLDSPDR Gold Trust1,697.9165,403.392.60%
IEFiShares 7-10 Year Treasury Bond ETF1,523.5318,894.358.06%
VOOVanguard S&P 500 ETF1,111.95276,884.360.40%
VTIVanguard Total Stock Market ETF707.48278,327.590.25%
HYGiShares iBoxx USD High Yield Corporate Bond ETF700.4616,470.514.25%
EMBiShares JP Morgan USD Emerging Markets Bond ETF591.6916,424.673.60%
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF510.497,718.526.61%
FTGCFirst Trust Global Tactical Commodity Strategy Fund487.553,633.2113.42%
EELVInvesco S&P Emerging Markets Low Volatility ETF467.90862.3754.26%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,860.01180,450.20-1.03%
XLFFinancial Select Sector SPDR Fund-988.9145,036.50-2.20%
IWMiShares Russell 2000 ETF-861.6459,657.29-1.44%
IYRiShares U.S. Real Estate ETF-580.075,935.30-9.77%
SMHVanEck Semiconductor ETF-427.918,293.78-5.16%
XLBMaterials Select Sector SPDR Fund-415.027,197.73-5.77%
PTLCPacer Trendpilot U.S. Large Cap ETF-399.921,897.55-21.08%
AGGiShares Core U.S. Aggregate Bond ETF-384.9187,334.42-0.44%
SPLVInvesco S&P 500 Low Volatility ETF-358.258,772.85-4.08%
VNQVanguard Real Estate ETF-309.1145,647.09-0.68%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity6,340.034,085,728.040.16%
International Equity2,768.401,235,504.640.22%
U.S. Fixed Income4,968.721,075,579.270.46%
International Fixed Income900.33158,974.980.57%
Commodities4,004.50162,737.892.46%
Currency8.983,262.730.28%
Leveraged-516.4162,586.97-0.83%
Inverse352.6715,255.412.31%
Asset Allocation76.2919,688.140.39%
Alternatives-88.137,250.97-1.22%
Total:18,815.386,826,569.050.28%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity49,352.774,085,728.041.21%
International Equity36,985.681,235,504.642.99%
U.S. Fixed Income-569.811,075,579.27-0.05%
International Fixed Income6,002.43158,974.983.78%
Commodities12,503.76162,737.897.68%
Currency180.453,262.735.53%
Leveraged6,655.0462,586.9710.63%
Inverse2,284.3215,255.4114.97%
Asset Allocation448.8619,688.142.28%
Alternatives101.847,250.971.40%
Total:113,945.346,826,569.051.67%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
WEATTeucrium Wheat Fund25.68%28,325,018206.50
GRUELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN21.75%609,23510.38
JJGiPath Series B Bloomberg Grains Subindex Total Return ETN16.75%104,85147.13
GSPiPath S&P GSCI Total Return Index ETN13.67%149,69542.74
BNOUnited States Brent Oil Fund LP12.92%24,669,230313.24
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN12.21%278,25664.08
UGAUnited States Gasoline Fund LP11.97%505,782124.02
GSGiShares S&P GSCI Commodity Indexed Trust11.63%30,517,4872,240.53
OILiPath Pure Beta Crude Oil ETN11.55%1,692,442158.55
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN11.48%2,4246.31

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
GLDMSPDR Gold MiniShares Trust107.70% 4,844.13
BNOUnited States Brent Oil Fund LP51.12%12.92%313.24
RJNElements Rogers International Commodity Index-Energy TR ETN49.43%10.12%8.63
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN45.24%11.48%6.31
UGAUnited States Gasoline Fund LP43.41%11.97%124.02
GSPiPath S&P GSCI Total Return Index ETN42.62%13.67%42.74
PALLAberdeen Standard Physical Palladium Shares ETF41.62%11.17%494.55
OILiPath Pure Beta Crude Oil ETN40.72%11.55%158.55
USOUnited States Oil Fund LP38.74%10.45%3,057.80
OIHVanEck Oil Services ETF36.76%2.06%3,038.91

 

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.

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