ETFs Cross $800B Inflow Mark

Another healthy week in flows keeps sending the year’s tally higher.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

U.S.-listed ETFs fell off slightly in inflows compared to the previous week, but still maintained a healthy inflow of about $18.1 billion in new assets between Dec. 3 and Dec. 9.

The U.S. ETF industry has now garnered $816.3 billion in net inflows year-to-date, according to ETF.com data provider FactSet. That figure does not include approximately $36 billion in mutual fund assets converted into ETFs this year. U.S.-listed ETFs now hold just shy of $7.1 trillion in assets under management.

Mix Of Risk-On, Risk-Off Inflows

The top of the flows board featured the stalwarts SPDR S&P 500 ETF Trust (SPY) and  iShares Core S&P 500 ETF (IVV), at $2.9 billion and $1.8 billion in inflows, respectively.

However, the rest of the leaderboard was split between defensive and growth-oriented tilts.

Bond funds accounted for plenty of inflows on the defensive side, with the iShares 20+ Year Treasury Bond ETF (TLT) leading the asset class, with approximately $1.7 billion in new assets. The iShares 7-10 Year Treasury Bond ETF (IEF), iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and Vanguard Short-Term Treasury Index ETF (VGSH) added a combined $2.6 billion. On the equity side, the Consumer Staples Select Sector SPDR Fund (XLP) increased by $634.6 million.

But there were some bullish plays in the top inflows, with the Financial Select Sector SPDR Fund (XLF) signaling some confidence in the economic recovery. The ProShares UltraPro QQQ (TQQQ) gained $984.8 million as some investors tried to get a levered ride on a recovery in the Nasdaq-100 since Monday.

Other Broad Equities Flounder

While SPY and IVV took in heavy flows, investors pulled almost $3.5 billion from other big-name broad equity funds.

The Vanguard S&P 500 ETF (VOO) saw the largest outflows, with a $2.5 billion loss during the period, followed by the Invesco QQQ Trust (QQQ), with $1.0 billion. The iShares Russell 2000 ETF (IWM) lost $945 million in the week.

Some factor funds also took losses in the week, with the iShares MSCI USA Momentum Factor ETF (MTUM) seeing $641 million in outflows after a rebalancing event before the start of the period. The Vanguard Value ETF (VTV) and SPDR S&P 400 Mid Cap Growth ETF (MDYG) also saw outflows, with $614.5 million and $547.3 million in losses, respectively.

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 Trust2,963.49429,933.890.69%
IVViShares Core S&P 500 ETF1,805.70330,690.330.55%
TLTiShares 20+ Year Treasury Bond ETF1,736.5619,451.948.93%
XLFFinancial Select Sector SPDR Fund1,458.3343,665.293.34%
VTIVanguard Total Stock Market ETF1,142.44294,280.040.39%
TQQQProShares UltraPro QQQ984.8420,445.104.82%
IEFiShares 7-10 Year Treasury Bond ETF982.6617,164.665.72%
HYGiShares iBoxx USD High Yield Corporate Bond ETF980.0519,698.144.98%
VGSHVanguard Short-Term Treasury Index ETF640.8513,925.784.60%
XLPConsumer Staples Select Sector SPDR Fund634.6012,610.755.03%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500 ETF-2,461.62276,918.50-0.89%
QQQInvesco QQQ Trust-1,042.35210,640.27-0.49%
IWMiShares Russell 2000 ETF-945.0069,611.00-1.36%
VCSHVanguard Short-Term Corporate Bond ETF-854.2841,621.03-2.05%
MTUMiShares MSCI USA Momentum Factor ETF-640.9415,271.68-4.20%
VTVVanguard Value ETF-614.5889,384.64-0.69%
CWBSPDR Bloomberg Convertible Securities ETF-566.206,484.39-8.73%
MDYGSPDR S&P 400 Mid Cap Growth ETF-547.281,778.31-30.78%
IYRiShares U.S. Real Estate ETF-436.046,315.10-6.90%
XLBMaterials Select Sector SPDR Fund-431.437,942.68-5.43%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity9,390.084,288,571.400.22%
International Equity1,517.771,303,769.730.12%
U.S. Fixed Income5,490.221,108,621.620.50%
International Fixed Income911.61151,820.110.60%
Commodities-253.08136,151.90-0.19%
Currency48.463,258.091.49%
Leveraged922.6876,321.741.21%
Inverse105.1011,947.580.88%
Asset Allocation254.2620,353.781.25%
Alternatives-260.076,835.42-3.80%
Total:18,127.037,107,651.370.26%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity409,777.164,288,571.409.56%
International Equity195,652.151,303,769.7315.01%
U.S. Fixed Income161,307.001,108,621.6214.55%
International Fixed Income32,389.66151,820.1121.33%
Commodities-3,024.49136,151.90-2.22%
Currency1,933.843,258.0959.36%
Leveraged3,732.8876,321.744.89%
Inverse6,167.9611,947.5851.63%
Asset Allocation5,475.7820,353.7826.90%
Alternatives2,902.726,835.4242.47%
Total:816,314.667,107,651.3711.49%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
GRNiPath Series B Carbon ETN15.26%578,743140.07
KEUAKraneShares European Carbon Allowance Strategy ETF15.21%29,778103.03
KCCAKraneShares California Carbon Allowance Strategy ETF14.40%969,78110.22
KRBNKraneShares Global Carbon Strategy ETF14.26%4,061,0881,621.18
MLPOCredit Suisse S&P MLP Index ETN11.80%1,16222.98
EATZAdvisorShares Restaurant ETF11.58%24,7074.73
ARKGARK Genomic Revolution ETF11.51%22,294,2685,667.25
POTXGlobal X Cannabis ETF10.96%1,025,341111.17
UGAUnited States Gasoline Fund LP10.43%173,77178.97
ARKKARK Innovation ETF10.36%62,709,26917,784.12

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF295.32%-3.82%75.50
GRNiPath Series B Carbon ETN162.13%15.26%140.07
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN117.99%0.16%19.37
KRBNKraneShares Global Carbon Strategy ETF110.52%14.26%1,621.18
FCGFirst Trust Natural Gas ETF105.14%7.33%472.92
PXEInvesco Dynamic Energy Exploration & Production ETF101.84%6.54%138.90
URNMNorth Shore Global Uranium Mining ETF92.68%6.63%822.40
PXIInvesco DWA Energy Momentum ETF82.69%8.03%168.22
IEOiShares U.S. Oil & Gas Exploration & Production ETF80.23%5.20%322.80
JOiPath Series B Bloomberg Coffee Subindex Total Return ETN77.23%0.38%113.52

 

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.