ETFs Eked Out $3B in Inflows Last Week
Equity, bond investments slowed amid a market retreat.
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.
