ETFs Close Week Just Shy Of $500B

U.S. funds get tantalizingly close to breaking last year’s record inflows early.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

At this point last year, U.S.-based ETFs had net inflows of about $230.1 billion.

Fast-forward to this week: ETFs are now less than $2 billion away from reaching the half-trillion-dollar inflow mark just a few weeks into July and a hair past the halfway point of the year.

Flows in the week ending July 15 totaled just under $20.6 billion, roaring back after two weeks of inflows in the $4 billion range as traders readjusted their positions for the second half of 2021.

Equities Pull Out Of Two-Week Slide

U.S. equities roared back to life after two weeks of net outflows, posting gains of more than $13.7 billion after losing $770 million the week prior. The SPDR S&P 500 ETF Trust (SPY) led the gains, with just short of $4.5 billion in inflows, while the Vanguard Total Stock Market ETF (VTI) and the Invesco QQQ Trust (QQQ) both pulled in $1.4 billion.

The First Trust Capital Strength ETF (FTCS) gained $1.8 billion on the week, for an increase of 18.21% in assets under management. The vast majority of that money was moved on a Thursday trade, so a similar amount of outflows in First Trust funds in the coming days is expected.

Corporate Junk, Small Caps Fall

Leading outflows in the week is the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), with a loss of $1.2 billion. The high yield fund was joined by the SPDR Bloomberg Barclays High Yield Bond ETF (JNK), with an outflow of $791 million.

Both of those funds have slid since early July, and are currently posting returns of around 0.6% for the month versus year-to-date returns in the 2.5=2.75% range.

Small cap equity funds also appeared in the top redemptions column, led by $860 million in flows out from the iShares Core S&P Small-Cap ETF (IJR). The iShares S&P Small-Cap 600 Value ETF (IJS) and the iShares Russell 2000 ETF (IWM) posted respective outflows of $409 million and $377 million.

The Consumer Discretionary Select Sector SPDR Fund (XLY) posted outflows of $613 million for the week. Two-thirds of those outflows came on Tuesday, when the U.S. Bureau of Labor Statistics posted inflation prints showing increases of 0.9% month-over-month and 5.4% year-over-year as the economy continues to emerge from the pandemic.

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
SPYSPDR S&P 500 ETF Trust4,497.55384,669.521.17%
FTCSFirst Trust Capital Strength ETF1,841.1110,112.6418.21%
VTIVanguard Total Stock Market ETF1,412.62257,488.030.55%
QQQInvesco QQQ Trust1,407.48182,724.660.77%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,214.5340,676.702.99%
VTVanguard Total World Stock ETF1,150.5823,137.094.97%
VOOVanguard S&P 500 ETF1,047.09239,727.870.44%
BNDXVanguard Total International Bond ETF886.2744,147.522.01%
VTWOVanguard Russell 2000 ETF854.355,777.0314.79%
VEAVanguard FTSE Developed Markets ETF674.37102,945.820.66%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
HYGiShares iBoxx USD High Yield Corporate Bond ETF-1,150.3219,700.53-5.84%
IJRiShares Core S&P Small-Cap ETF-859.6467,948.69-1.27%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-790.628,875.42-8.91%
XLYConsumer Discretionary Select Sector SPDR Fund-613.0419,919.25-3.08%
XLCCommunication Services Select Sector SPDR Fund-511.6814,107.28-3.63%
IJSiShares S&P Small-Cap 600 Value ETF-409.148,887.55-4.60%
TLTiShares 20+ Year Treasury Bond ETF-398.6616,062.82-2.48%
IWMiShares Russell 2000 ETF-376.9565,555.18-0.58%
FASDirexion Daily Financial Bull 3x Shares-350.513,248.79-10.79%
GLDSPDR Gold Trust-338.7860,623.06-0.56%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity13,736.573,850,288.280.36%
International Equity3,073.771,281,880.220.24%
U.S. Fixed Income2,355.101,049,794.540.22%
International Fixed Income1,530.65145,779.201.05%
Commodities-359.62143,420.15-0.25%
Currency20.611,942.491.06%
Leveraged39.4061,790.850.06%
Inverse104.3911,864.640.88%
Asset Allocation-10.9516,506.13-0.07%
Alternatives63.046,437.530.98%
Total:20,552.956,569,704.020.31%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity234,331.823,850,288.286.09%
International Equity142,728.701,281,880.2211.13%
U.S. Fixed Income88,749.331,049,794.548.45%
International Fixed Income24,017.70145,779.2016.48%
Commodities-1,163.09143,420.15-0.81%
Currency57.661,942.492.97%
Leveraged772.3461,790.851.25%
Inverse4,335.1511,864.6436.54%
Asset Allocation2,151.0816,506.1313.03%
Alternatives2,166.266,437.5333.65%
Total:498,146.966,569,704.027.58%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
SOGUThe Short De-SPAC ETF8.38%18,29017.25
CORNTeucrium Corn Fund7.11%1,266,215145.78
JJGiPath Series B Bloomberg Grains Subindex Total Return ETN6.26%5,05419.95
GRUELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN6.11%27,2125.87
WEATTeucrium Wheat Fund5.75%1,739,30482.80
EWZSiShares MSCI Brazil Small-Cap ETF5.65%107,854127.28
BRFVanEck Vectors Brazil Small-Cap ETF5.22%56,48951.20
JJAiPath Series B Bloomberg Agriculture Subindex Total Return ETN4.49%95,64911.74
FUEELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN4.40%10,3371.37
FLBRFranklin FTSE Brazil ETF4.35%23,927248.39

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF200.65%-13.59%77.72
ILCViShares Morningstar Value ETF133.51%-0.28%726.77
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN79.49%2.75%10.65
MLPOCredit Suisse S&P MLP Index ETN72.26%3.57%23.58
FCGFirst Trust Natural Gas ETF71.20%-6.24%285.32
PXEInvesco Dynamic Energy Exploration & Production ETF68.03%-6.09%87.11
PSCEInvesco S&P SmallCap Energy ETF65.75%-6.91%187.84
GRNiPath Series B Carbon ETN61.99%-3.22%59.08
FRAKVanEck Vectors Unconventional Oil & Gas ETF61.30%-4.69%17.92
PXIInvesco DWA Energy Momentum ETF56.13%-7.14%188.93

 

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.