ETFs Notch Muted Gains as Markets Seesaw
Equity funds pulled in $1.6 billion.
Exchange traded funds pared losses from earlier in the month as investors bought U.S. and international equity funds.
ETFs brought in $2 billion in the week ending Feb. 17, a departure from the $5.3 billion in outflows the week prior. Most of the funds went to U.S. and international equity ETFs, which collectively pulled $4.5 billion, compared to the $2.3 billion which exited last week, according to ETF.com data.
The investments came despite losses across U.S. equity markets during the week. The S&P 500 dipped 0.3% for the week, while the Nasdaq dropped 0.6%.
Among the best performing ETFs were the JPMorgan BetaBuilders Europe ETF (BBEU), the JPMorgan BetaBuilders Europe ETF (VOO) and the JPMorgan Equity Premium Income ETF (JEPI) which saw a total $2.6 billion flock to the funds last week.
On the other side of the ledger, fixed income funds shed $2.1 billion, compared to the $3.3 billion which exited in the week ending Feb. 10.
Funds which saw the lost losses included the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the SPDR S&P 500 ETF Trust (SPY).
This is the second consecutive week where HYG has appeared in the top 10 redemptions across U.S. listed ETFs, and the third consecutive appearance for both LQD and SPY.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SHV | iShares Short Treasury Bond ETF | 1,481.09 | 20,302.50 | 7.30% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 1,099.44 | 8,478.38 | 12.97% |
| VOO | Vanguard S&P 500 ETF | 1,019.66 | 281,805.29 | 0.36% |
| TLH | iShares 10-20 Year Treasury Bond ETF | 727.90 | 8,252.73 | 8.82% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 530.05 | 85,410.82 | 0.62% |
| JEPI | JPMorgan Equity Premium Income ETF | 519.24 | 20,959.95 | 2.48% |
| VTI | Vanguard Total Stock Market ETF | 513.38 | 283,514.96 | 0.18% |
| SPTS | SPDR Portfolio Short Term Treasury ETF | 470.60 | 4,602.97 | 10.22% |
| PCRB | Putnam ESG Core Bond ETF | 433.39 | 436.79 | 99.22% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 365.47 | 23,394.36 | 1.56% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -3,143.16 | 34,250.86 | -9.18% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -2,677.93 | 13,743.56 | -19.48% |
| SPY | SPDR S&P 500 ETF Trust | -2,620.61 | 374,929.36 | -0.70% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -1,113.43 | 16,050.31 | -6.94% |
| USMV | iShares MSCI USA Min Vol Factor ETF | -810.97 | 29,275.63 | -2.77% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -546.64 | 8,881.61 | -6.15% |
| VGIT | Vanguard Intermediate-Term Treasury Index ETF | -419.79 | 13,370.28 | -3.14% |
| SHY | iShares 1-3 Year Treasury Bond ETF | -405.64 | 26,561.72 | -1.53% |
| ACWI | iShares MSCI ACWI ETF | -400.32 | 19,124.52 | -2.09% |
| TIP | iShares TIPS Bond ETF | -376.27 | 22,034.11 | -1.71% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 1,635.46 | 4,113,589.01 | 0.04% |
| International Equity | 2,914.29 | 1,252,234.19 | 0.23% |
| U.S. Fixed Income | -2,118.80 | 1,178,507.87 | -0.18% |
| International Fixed Income | -577.38 | 146,543.57 | -0.39% |
| Commodities | -347.02 | 130,078.86 | -0.27% |
| Currency | -49.89 | 3,613.71 | -1.38% |
| Leveraged | -0.97 | 53,876.28 | 0.00% |
| Inverse | 610.21 | 24,854.78 | 2.46% |
| Asset Allocation | -69.38 | 15,823.13 | -0.44% |
| Alternatives | 24.22 | 8,716.22 | 0.28% |
| Total: | 2,020.73 | 6,927,837.61 | 0.03% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 2,359.50 | 4,113,589.01 | 0.06% |
| International Equity | 27,003.08 | 1,252,234.19 | 2.16% |
| U.S. Fixed Income | 14,073.05 | 1,178,507.87 | 1.19% |
| International Fixed Income | 6,040.80 | 146,543.57 | 4.12% |
| Commodities | 564.20 | 130,078.86 | 0.43% |
| Currency | -372.66 | 3,613.71 | -10.31% |
| Leveraged | -948.44 | 53,876.28 | -1.76% |
| Inverse | 5,749.42 | 24,854.78 | 23.13% |
| Asset Allocation | -1,789.45 | 15,823.13 | -11.31% |
| Alternatives | 95.41 | 8,716.22 | 1.09% |
| Total: | 52,774.91 | 6,927,837.61 | 0.76% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| DAM | VanEck Digital Assets Mining ETF | 18.55% | 13,631 | 1.40 |
| DAPP | VanEck Digital Transformation ETF | 16.87% | 293,686 | 31.03 |
| WGMI | Valkyrie Bitcoin Miners ETF | 16.78% | 274,059 | 5.80 |
| TUR | iShares MSCI Turkey ETF | 15.24% | 4,522,331 | 338.55 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 13.79% | 657,848 | 60.12 |
| GFOF | Grayscale Future of Finance ETF | 13.75% | 7,420 | 5.35 |
| XBTF | VanEck Bitcoin Strategy ETF | 13.58% | 41,761 | 31.05 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 13.56% | 30,265 | 10.38 |
| BITO | ProShares Bitcoin Strategy ETF | 13.53% | 54,555,540 | 846.27 |
| BTF | Valkyrie Bitcoin Strategy ETF | 13.50% | 356,355 | 28.75 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| BITO | ProShares Bitcoin Strategy ETF | 46.14% | 13.53% | 846.27 |
| ONLN | ProShares Online Retail ETF | 27.82% | -0.24% | 137.43 |
| VERS | Proshares Metaverse ETF | 25.24% | 1.56% | 6.55 |
| DAT | ProShares Big Data Refiners ETF | 24.50% | 2.49% | 1.96 |
| CLIX | ProShares Long Online/Short Stores ETF | 23.22% | -0.60% | 13.31 |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 20.07% | 1.38% | 0.90 |
| TINY | ProShares Nanotechnology ETF | 19.80% | -0.97% | 2.50 |
| FBCG | Fidelity Blue Chip Growth ETF | 18.97% | -0.22% | 477.74 |
| CTEX | ProShares S&P Kensho Cleantech ETF | 17.89% | 0.68% | 7.72 |
| PAWZ | ProShares Pet Care ETF | 15.72% | 0.73% | 111.48 |
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.
