ETFs Gained $28B Last Week
SPY led the pack in new creations during the week ended May 28.
U.S.-listed ETFs gained $28 billion during the week ended Friday, May 27, with three funds tracking the S&P 500 Index leading the way. The SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) added $4.1 billion, $2.1 billion and $1.4 billion, respectively.
Interestingly, another widely followed ETF led redemptions; the Invesco QQQ Trust (QQQ) lost $1.4 billion during the week, more than any other ETF. Last week, QQQ was in the No. 4 spot on the inflow table.
That slot in the ranking was claimed this week by the iShares MSCI Emerging Markets Min Vol ETF (EEMV), with a $1.4 billion gain, continuing its streak from the prior week, in which it gained $1 billion. The Health Care Select Sector SPDR (XLV) added $946.1 million.
Half the ETFs in the top 10 for creations were fixed income ETFs, with the iShares National Muni ETF (MUB) gaining $1.2 billion and landing in the No. 5 spot. The iShares 20+ Year Treasury Bond ETF (TLT) added $919.4 million, while corporate bond ETFs claimed the bottom three rungs.
Interesting Mix
Beyond QQQ, the list of redemptions was all over the place in terms of asset classes and strategy.
The JPMorgan Realty Income ETF (JPRE), which just completed its conversion into an ETF from a mutual fund, lost $655.3 million during the week. It was followed by the iShares ESG Aware MSCI EM ETF (ESGE) and the iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT), which lost $515.2 million and $419 million, respectively.
Two factor funds also landed on the top redemptions list for the week. The Invesco S&P 500 Low Volatility ETF (SPLV) lost $326.4 million, while the iShares MSCI USA Value Factor ETF (VLUE) lost $282 million. It could be that investors are more comfortable with risk and growth in the wake of the near miss on a bear market at the end of the week prior to last.
Fixed income ETFs claimed three spots among the ETFs leading redemptions. The iShares Short Treasury Bond ETF (SHV) lost $411.2 million, and the iShares Core 1-5 Year USD Bond ETF (ISTB) saw outflows of $310.8 million. The Xtrackers Low Beta High Yield Bond ETF (HYDW) lost $282.6 million.
Despite S&P 500 ETFs topping the outflows list, the Vanguard Total Stock Market ETF (VTI) was one of the biggest losers of the week, though the $288.1 million that drained from it during the week was barely a blip relative to its more than $261 billion in AUM.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 4,046.57 | 370,427.82 | 1.09% |
| IVV | iShares Core S&P 500 ETF | 2,122.26 | 295,352.47 | 0.72% |
| VOO | Vanguard S&P 500 ETF | 1,449.16 | 255,602.18 | 0.57% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | 1,354.26 | 5,835.35 | 23.21% |
| MUB | iShares National Muni Bond ETF | 1,219.86 | 28,928.44 | 4.22% |
| XLV | Health Care Select Sector SPDR Fund | 946.07 | 38,882.63 | 2.43% |
| TLT | iShares 20+ Year Treasury Bond ETF | 919.40 | 21,015.86 | 4.37% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 834.00 | 34,330.72 | 2.43% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 715.93 | 15,027.99 | 4.76% |
| JNK | SPDR Bloomberg High Yield Bond ETF | 714.06 | 7,276.89 | 9.81% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | -1,359.88 | 162,486.86 | -0.84% |
| JPRE | JPMorgan Realty Income ETF | -655.31 | 1,142.25 | -57.37% |
| ESGE | iShares ESG Aware MSCI EM ETF | -515.20 | 4,742.67 | -10.86% |
| COMT | iShares GSCI Commodity Dynamic Roll Strategy ETF | -419.02 | 2,903.01 | -14.43% |
| SHV | iShares Short Treasury Bond ETF | -411.20 | 19,828.53 | -2.07% |
| SPLV | Invesco S&P 500 Low Volatility ETF | -326.35 | 10,187.05 | -3.20% |
| ISTB | iShares Core 1-5 Year USD Bond ETF | -310.81 | 5,657.26 | -5.49% |
| VTI | Vanguard Total Stock Market ETF | -288.10 | 261,053.35 | -0.11% |
| HYDW | Xtrackers Low Beta High Yield Bond ETF | -282.59 | 1,216.39 | -23.23% |
| VLUE | iShares MSCI USA Value Factor ETF | -281.99 | 10,256.75 | -2.75% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 16,190.73 | 3,867,744.50 | 0.42% |
| International Equity | 2,385.41 | 1,183,133.08 | 0.20% |
| U.S. Fixed Income | 8,597.30 | 1,089,532.98 | 0.79% |
| International Fixed Income | 419.56 | 143,809.38 | 0.29% |
| Commodities | -36.62 | 163,614.37 | -0.02% |
| Currency | -9.21 | 4,087.94 | -0.23% |
| Leveraged | 115.20 | 52,746.09 | 0.22% |
| Inverse | 156.21 | 18,305.91 | 0.85% |
| Asset Allocation | 58.89 | 18,106.72 | 0.33% |
| Alternatives | 113.99 | 7,618.27 | 1.50% |
| Total: | 27,991.46 | 6,548,699.24 | 0.43% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 97,827.73 | 3,867,744.50 | 2.53% |
| International Equity | 57,203.37 | 1,183,133.08 | 4.83% |
| U.S. Fixed Income | 54,711.14 | 1,089,532.98 | 5.02% |
| International Fixed Income | 6,088.55 | 143,809.38 | 4.23% |
| Commodities | 17,599.47 | 163,614.37 | 10.76% |
| Currency | 1,385.59 | 4,087.94 | 33.89% |
| Leveraged | 12,951.49 | 52,746.09 | 24.55% |
| Inverse | 3,166.37 | 18,305.91 | 17.30% |
| Asset Allocation | 812.37 | 18,106.72 | 4.49% |
| Alternatives | 611.75 | 7,618.27 | 8.03% |
| Total: | 252,357.83 | 6,548,699.24 | 3.85% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 9.94% | 23,191 | 190.26 |
| GRN | iPath Series B Carbon ETN | 9.83% | 154,803 | 84.82 |
| XRT | SPDR S&P Retail ETF | 8.30% | 33,027,863 | 586.33 |
| PSCE | Invesco S&P SmallCap Energy ETF | 7.25% | 1,204,156 | 183.45 |
| FCG | First Trust Natural Gas ETF | 6.67% | 10,436,922 | 923.82 |
| XMPT | VanEck CEF Muni Income ETF | 6.50% | 629,667 | 159.34 |
| BICK | First Trust BICK Index Fund | 6.27% | 5,169 | 16.75 |
| KRBN | KraneShares Global Carbon Strategy ETF | 6.25% | 733,027 | 1,267.42 |
| JHMC | John Hancock Multifactor Consumer Discretionary ETF | 6.24% | 3,141 | 13.88 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 6.12% | 734,869 | 315.28 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 142.41% | 1.87% | 32.69 |
| UNG | United States Natural Gas Fund LP | 138.03% | -1.13% | 545.59 |
| UNL | United States 12 Month Natural Gas Fund LP | 123.45% | -0.57% | 50.30 |
| JJE | iPath Series B Bloomberg Energy Subindex Total Return ETN | 85.90% | -1.59% | 9.06 |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 79.17% | 2.83% | 13.54 |
| UGA | United States Gasoline Fund LP | 72.19% | 3.01% | 155.25 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 68.87% | 6.12% | 315.28 |
| FCG | First Trust Natural Gas ETF | 62.98% | 6.67% | 923.82 |
| OIH | VanEck Oil Services ETF | 59.91% | 5.40% | 3,709.48 |
| DBE | Invesco DB Energy Fund | 59.78% | 3.72% | 292.06 |
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.
