ETFs Cross $600B Inflow Mark

ETFs Cross $600B Inflow Mark

Broad vanilla funds did well in this week’s wrap of exchange-traded fund flows.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

The U.S. ETF industry exceeded $600 billion in year-to-date net inflows earlier this week, extending a record-breaking year after crossing the $500 billion threshold a little more than a month ago.

U.S.-listed ETFs closed trading on Thursday with just under $602 billion after adding $22.4 billion in new assets in the period between Aug. 27 and Sept. 2, according to ETF.com data provider FactSet.

Broad Equities Continue Run

The $13.4 billion increase in flows over the week prior was driven almost single-handedly by a $13 billion increase in assets moved into U.S. equities. The top gainers on the week were broad vanilla funds, with the SPDR S&P 500 Trust (SPY) taking in $5.2 billion, followed by the Invesco QQQ Trust (QQQ) and the Vanguard S&P 500 ETF (VOO) adding $3.9 billion and $1.1 billion, respectively.

The iShares TIPS Bond ETF (TIP) was the largest nonequity gainer on the week, with $1.0 billion in inflows.

The iShares 7-10 Year Treasury Bond ETF (IEF) had the biggest outflows, with almost $1.1 billion in losses, while the Invesco S&P 500 High Beta ETF (SPHB) dropped almost 32% of its assets under management after nearly $900 million was pulled on Thursday.

Both of those ETFs had inflows of about the same amount exactly 31 days ago, which raises the possibility that they were part of a tax-related trading strategy.

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 Trust5,149.16401,855.091.28%
QQQInvesco QQQ Trust3,858.41196,608.571.96%
VOOVanguard S&P 500 ETF1,085.29256,113.640.42%
TIPiShares TIPS Bond ETF1,044.9533,630.973.11%
IVViShares Core S&P 500 ETF904.64305,951.540.30%
IWMiShares Russell 2000 ETF762.8868,804.261.11%
VTIVanguard Total Stock Market ETF667.83273,971.320.24%
BNDVanguard Total Bond Market ETF621.8681,668.510.76%
SCZiShares MSCI EAFE Small-Cap ETF540.2815,268.993.54%
VXUSVanguard Total International Stock ETF432.3551,522.560.84%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IEFiShares 7-10 Year Treasury Bond ETF-1,077.9913,668.24-7.89%
ACWIiShares MSCI ACWI ETF-586.3616,939.67-3.46%
IJHiShares Core S&P Mid-Cap ETF-511.1364,518.67-0.79%
IWBiShares Russell 1000 ETF-457.8831,128.96-1.47%
TLTiShares 20+ Year Treasury Bond ETF-416.5517,058.39-2.44%
IJRiShares Core S&P Small-Cap ETF-413.3070,098.62-0.59%
SPHBInvesco S&P 500 High Beta ETF-391.061,242.70-31.47%
SOXLDirexion Daily Semiconductor Bull 3X Shares-282.713,856.97-7.33%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-270.5942,339.81-0.64%
XLPConsumer Staples Select Sector SPDR Fund-252.4913,265.34-1.90%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity15,543.204,047,588.050.38%
International Equity2,745.081,316,873.350.21%
U.S. Fixed Income3,733.381,077,521.360.35%
International Fixed Income668.14149,844.650.45%
Commodities-289.75138,863.34-0.21%
Currency-14.391,915.59-0.75%
Leveraged-439.9964,558.95-0.68%
Inverse312.0311,918.292.62%
Asset Allocation137.6918,400.720.75%
Alternatives39.736,717.930.59%
Total:22,435.116,834,202.230.33%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity288,475.354,047,588.057.13%
International Equity162,599.411,316,873.3512.35%
U.S. Fixed Income115,646.251,077,521.3610.73%
International Fixed Income27,809.99149,844.6518.56%
Commodities-3,423.58138,863.34-2.47%
Currency35.391,915.591.85%
Leveraged-614.7664,558.95-0.95%
Inverse5,239.0311,918.2943.96%
Asset Allocation3,579.8018,400.7219.45%
Alternatives2,598.346,717.9338.68%
Total:601,945.226,834,202.238.81%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
URNMNorth Shore Global Uranium Mining ETF11.21%677,242368.14
KWEBKraneShares CSI China Internet ETF10.76%58,836,8907,335.28
KTECKraneShares Hang Seng TECH Index ETF9.15%15,9872.07
URAGlobal X Uranium ETF8.78%2,860,771676.37
PGJInvesco Golden Dragon China ETF7.71%316,201243.40
EMQQEmerging Markets Internet & Ecommerce ETF7.39%740,6101,395.87
CHIEGlobal X MSCI China Energy ETF6.78%34,5443.61
EWEBGlobal X Emerging Markets Internet & E-commerce ETF6.33%32,0945.08
CHICGlobal X MSCI China Communication Services ETF6.30%25,61912.76
FDNIFirst Trust Dow Jones International Internet ETF6.28%54,937117.56

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF260.13%-7.57%81.37
GRNiPath Series B Carbon ETN85.89%0.34%75.81
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN83.25%-1.01%14.44
UNGUnited States Natural Gas Fund LP75.00%4.95%284.88
REMXVanEck Rare Earth/Strategic Metals ETF74.17%3.03%1,032.17
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN68.82%4.97%6.22
KRBNKraneShares Global Carbon ETF60.54%0.43%717.16
UNLUnited States 12 Month Natural Gas Fund LP 60.01%3.32%12.16
MLPOCredit Suisse S&P MLP Index ETN59.74%0.00%22.84
PXEInvesco Dynamic Energy Exploration & Production ETF58.92%-1.11%73.31

 

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.