ETFs Eked Out $3B in Inflows Last Week

Shubham Saharan

Nov 07, 2022

Reviewed by: Shubham Saharan

Edited by: Shubham Saharan

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Investors retreated from equity and fixed income exchange-traded funds amid a market slowdown, as inflows posted a meager $2.8 billion in gains, down 93.3% from the $42 billion seen the week prior.

Equity markets plummeted in the week ending Nov. 4, as continued hawkish messaging from the Federal Reserve and a fourth consecutive 75 basis point rate hike led to a stock sell-off. The S&P 500 tumbled 3.4% by the end of the week, while the Nasdaq dipped 5.6%, the largest drop since late January.

Equity-focused ETFs pulled in just $757.5 million, down from the $26.5 billion that poured into the asset class the previous week. Top shedders of the week included the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the Vanguard Total Stock Market ETF (VTI), which cumulatively lost more than $6.3 billion, according to ETF.com data.

Meanwhile, Treasury yields soared on the central bank’s announcement, with the benchmark 10-year note reaching 4.2%, while the policy-sensitive two-year Treasury bill hit just over 4.7% by midday trading Monday.

Inflows into U.S. fixed income vehicles similarly retreated, as the sector brought in just $1.6 billion last week, compared with the $13.4 billion haul the week prior. The iShares 20+ Year Treasury Bond ETF (TLT) shed more than $1.5 billion, according to ETF.com data.

On the other side of the ledger, funds with the greatest inflows included the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the SPDR Bloomberg High Yield Bond ETF (JNK) and the Vanguard Intermediate-Term Corporate Bond Index Fund ETF (VCIT).

For a full list of last week’s top inflows and outflows, see the tables below: 

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	2,195.35	15,361.34	14.29%
VOO	Vanguard S&P 500 ETF	1,583.62	255,872.55	0.62%
JNK	SPDR Bloomberg High Yield Bond ETF	858.23	8,205.05	10.46%
SPYV	SPDR Portfolio S&P 500 Value ETF	725.39	13,546.88	5.35%
VCIT	Vanguard Intermediate-Term Corporate Bond Index Fund ETF	546.10	37,834.23	1.44%
XLP	Consumer Staples Select Sector SPDR Fund	542.97	15,858.21	3.42%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	528.40	34,883.36	1.51%
IEMG	iShares Core MSCI Emerging Markets ETF	512.79	57,252.43	0.90%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	497.74	21,529.16	2.31%
SPTL	SPDR Portfolio Long Term Treasury ETF	480.12	5,213.16	9.21%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-3,362.91	349,405.05	-0.96%
SHV	iShares Short Treasury Bond ETF	-3,269.89	21,144.01	-15.46%
QQQ	Invesco QQQ Trust	-1,752.38	142,056.52	-1.23%
SDY	SPDR S&P Dividend ETF	-1,733.81	21,990.57	-7.88%
TLT	iShares 20+ Year Treasury Bond ETF	-1,515.22	22,948.61	-6.60%
EMB	iShares JP Morgan USD Emerging Markets Bond ETF	-1,345.98	12,691.05	-10.61%
VTI	Vanguard Total Stock Market ETF	-1,245.27	249,665.75	-0.50%
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	-979.80	25,422.44	-3.85%
GLD	SPDR Gold Trust	-825.03	47,475.04	-1.74%
IWM	iShares Russell 2000 ETF	-771.61	51,048.29	-1.51%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	757.45	3,707,078.50	0.02%
International Equity	1,981.60	1,029,068.49	0.19%
U.S. Fixed Income	1,555.66	1,096,255.83	0.14%
International Fixed Income	-1,116.42	130,717.42	-0.85%
Commodities	-1,098.22	123,572.68	-0.89%
Currency	19.41	4,645.20	0.42%
Leveraged	614.39	42,398.14	1.45%
Inverse	-16.32	25,231.80	-0.06%
Asset Allocation	48.41	15,819.97	0.31%
Alternatives	69.48	9,071.65	0.77%
Total:	2,815.43	6,183,859.68	0.05%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	240,664.01	3,707,078.50	6.49%
International Equity	76,696.47	1,029,068.49	7.45%
U.S. Fixed Income	147,920.76	1,096,255.83	13.49%
International Fixed Income	3,548.52	130,717.42	2.71%
Commodities	-2,143.15	123,572.68	-1.73%
Currency	2,101.13	4,645.20	45.23%
Leveraged	20,640.38	42,398.14	48.68%
Inverse	7,264.85	25,231.80	28.79%
Asset Allocation	393.99	15,819.97	2.49%
Alternatives	2,606.63	9,071.65	28.73%
Total:	499,693.61	6,183,859.68	8.08%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
BAL	iPath Series B Bloomberg Cotton Subindex Total Return ETN	16.28%	63,590	26.31
NOPE	Noble Absolute Return ETF	14.46%	332,043	16.82
MLPO	Credit Suisse S&P MLP Index ETN	14.08%	29,053	29.69
CHNA	Loncar China BioPharma ETF	11.76%	5,191	4.80
CHIQ	Global X MSCI China Consumer Discretionary ETF	9.91%	791,063	232.34
KWEB	KraneShares CSI China Internet ETF	9.74%	100,808,410	4,297.20
CHIH	Global X MSCI China Health Care ETF	8.74%	5,867	8.73
KTEC	KraneShares Hang Seng TECH Index ETF	8.58%	47,679	7.06
CHIC	Global X MSCI China Communication Services ETF	8.53%	4,279	5.30
PGJ	Invesco Golden Dragon China ETF	7.93%	589,972	184.44

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
PFIX	Simplify Interest Rate Hedge ETF	105.39%	-0.96%	411.99
MLPO	Credit Suisse S&P MLP Index ETN	81.09%	14.08%	29.69
PXE	Invesco Dynamic Energy Exploration & Production ETF	78.01%	0.78%	340.35
UNL	United States 12 Month Natural Gas Fund LP	75.67%	-2.19%	32.08
IEO	iShares U.S. Oil & Gas Exploration & Production ETF	71.29%	1.29%	1,208.96
FENY	Fidelity MSCI Energy Index ETF	68.52%	0.65%	1,703.00
VDE	Vanguard Energy ETF	68.30%	0.64%	8,914.18
XLE	Energy Select Sector SPDR Fund	67.80%	0.36%	43,080.54
IYE	iShares U.S. Energy ETF	66.11%	0.54%	2,389.81
RYE	Invesco S&P 500 Equal Weight Energy ETF	63.51%	0.53%	597.93

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.

Shubham Saharan

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Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.

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ETFs Eked Out $3B in Inflows Last Week

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