ETFs Eked Out $3B in Inflows Last Week

Equity, bond investments slowed amid a market retreat.  

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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
HYGiShares iBoxx USD High Yield Corporate Bond ETF2,195.3515,361.3414.29%
VOOVanguard S&P 500 ETF1,583.62255,872.550.62%
JNKSPDR Bloomberg High Yield Bond ETF858.238,205.0510.46%
SPYVSPDR Portfolio S&P 500 Value ETF725.3913,546.885.35%
VCITVanguard Intermediate-Term Corporate Bond Index Fund ETF546.1037,834.231.44%
XLPConsumer Staples Select Sector SPDR Fund542.9715,858.213.42%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF528.4034,883.361.51%
IEMGiShares Core MSCI Emerging Markets ETF512.7957,252.430.90%
IGSBiShares 1-5 Year Investment Grade Corporate Bond ETF497.7421,529.162.31%
SPTLSPDR Portfolio Long Term Treasury ETF480.125,213.169.21%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-3,362.91349,405.05-0.96%
SHViShares Short Treasury Bond ETF-3,269.8921,144.01-15.46%
QQQInvesco QQQ Trust-1,752.38142,056.52-1.23%
SDYSPDR S&P Dividend ETF-1,733.8121,990.57-7.88%
TLTiShares 20+ Year Treasury Bond ETF-1,515.2222,948.61-6.60%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-1,345.9812,691.05-10.61%
VTIVanguard Total Stock Market ETF-1,245.27249,665.75-0.50%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-979.8025,422.44-3.85%
GLDSPDR Gold Trust-825.0347,475.04-1.74%
IWMiShares Russell 2000 ETF-771.6151,048.29-1.51%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity757.453,707,078.500.02%
International Equity1,981.601,029,068.490.19%
U.S. Fixed Income1,555.661,096,255.830.14%
International Fixed Income-1,116.42130,717.42-0.85%
Commodities-1,098.22123,572.68-0.89%
Currency19.414,645.200.42%
Leveraged614.3942,398.141.45%
Inverse-16.3225,231.80-0.06%
Asset Allocation48.4115,819.970.31%
Alternatives69.489,071.650.77%
Total:2,815.436,183,859.680.05%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity240,664.013,707,078.506.49%
International Equity76,696.471,029,068.497.45%
U.S. Fixed Income147,920.761,096,255.8313.49%
International Fixed Income3,548.52130,717.422.71%
Commodities-2,143.15123,572.68-1.73%
Currency2,101.134,645.2045.23%
Leveraged20,640.3842,398.1448.68%
Inverse7,264.8525,231.8028.79%
Asset Allocation393.9915,819.972.49%
Alternatives2,606.639,071.6528.73%
Total:499,693.616,183,859.688.08%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BALiPath Series B Bloomberg Cotton Subindex Total Return ETN16.28%63,59026.31
NOPENoble Absolute Return ETF14.46%332,04316.82
MLPOCredit Suisse S&P MLP Index ETN14.08%29,05329.69
CHNALoncar China BioPharma ETF11.76%5,1914.80
CHIQGlobal X MSCI China Consumer Discretionary ETF9.91%791,063232.34
KWEBKraneShares CSI China Internet ETF9.74%100,808,4104,297.20
CHIHGlobal X MSCI China Health Care ETF8.74%5,8678.73
KTECKraneShares Hang Seng TECH Index ETF8.58%47,6797.06
CHICGlobal X MSCI China Communication Services ETF8.53%4,2795.30
PGJInvesco Golden Dragon China ETF7.93%589,972184.44

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
PFIXSimplify Interest Rate Hedge ETF105.39%-0.96%411.99
MLPOCredit Suisse S&P MLP Index ETN81.09%14.08%29.69
PXEInvesco Dynamic Energy Exploration & Production ETF78.01%0.78%340.35
UNLUnited States 12 Month Natural Gas Fund LP75.67%-2.19%32.08
IEOiShares U.S. Oil & Gas Exploration & Production ETF71.29%1.29%1,208.96
FENYFidelity MSCI Energy Index ETF68.52%0.65%1,703.00
VDEVanguard Energy ETF68.30%0.64%8,914.18
XLEEnergy Select Sector SPDR Fund67.80%0.36%43,080.54
IYEiShares U.S. Energy ETF66.11%0.54%2,389.81
RYEInvesco S&P 500 Equal Weight Energy ETF63.51%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 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.