ETFs Notch Small Gain Despite Market Uptick

Exchange-traded funds pulled in $11 billion last week.  

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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

Exchange-traded funds were muted the week ending Nov. 25, dipping 59% last from the week prior despite a market rally.  

The S&P 500 ended the week up 1.5%, while the Nasdaq composite climbed 0.7% after a stunted trading week. U.S.-based markets were closed on Thursday for Thanksgiving, followed by a shortened trading session on Friday. Equity-focused funds pulled in a meager $895 million, plunging from the $13 billion recorded the week prior.  

Meanwhile, the yield on the 10-year Treasury bill was little –changed, at 3.72%. U.S. fixed income ETFs notched $5.9 billion in inflows, dropping 36% from the $9.2 billion seen in the week ending Nov. 18.  

Still, fixed income funds appeared to be an investor favorite, as the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the Vanguard Short-Term Corporate Bond ETF (VCHS) brought in over $1.6 billion, according to ETF.com data.  

Yet Federal Reserve officials are cautioning that financial markets may be underestimating the possibility that the central bank could be more aggressive in the coming year in order to curb inflation.  

"We've got a ways to go to get restrictive," Federal Reserve Bank of St. Louis President James Bullard said in an interview with MarketWatch and Barrons on Monday. He went on to state that the regulatory agency’s target range could hit between 5% and 5.25% to be "sufficiently restrictive.” The fed funds rate currently sits between 3.75% and 4%.  

 

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
SPYSPDR S&P 500 ETF Trust715.60382,302.030.19%
HYGiShares iBoxx USD High Yield Corporate Bond ETF592.6218,767.453.16%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF551.1239,506.511.40%
VCSHVanguard Short-Term Corporate Bond ETF464.3641,345.841.12%
XLVHealth Care Select Sector SPDR Fund458.6142,131.841.09%
JNKSPDR Bloomberg High Yield Bond ETF434.069,753.704.45%
SCHDSchwab U.S. Dividend Equity ETF429.7544,428.580.97%
JEPIJPMorgan Equity Premium Income ETF415.4016,291.892.55%
MBBiShares MBS ETF343.4023,303.391.47%
STIPiShares 0-5 Year TIPS Bond ETF339.2012,926.412.62%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500 ETF-4,095.07274,523.51-1.49%
SPLVInvesco S&P 500 Low Volatility ETF-572.6410,518.57-5.44%
VTIVanguard Total Stock Market ETF-546.03272,349.30-0.20%
XOPSPDR S&P Oil & Gas Exploration & Production ETF-318.524,737.67-6.72%
TQQQProShares UltraPro QQQ-274.4912,343.65-2.22%
IXGiShares Global Financials ETF-255.64532.87-47.97%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-233.5326,219.57-0.89%
VTVVanguard Value ETF-166.86105,611.75-0.16%
SQQQProShares UltraPro Short QQQ-166.643,645.80-4.57%
QQQInvesco QQQ Trust-155.75162,459.93-0.10%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity895.344,028,766.790.02%
International Equity3,556.041,150,891.830.31%
U.S. Fixed Income5,868.221,153,569.860.51%
International Fixed Income467.22137,571.450.34%
Commodities422.59129,785.220.33%
Currency-80.734,176.64-1.93%
Leveraged-286.8851,681.60-0.56%
Inverse277.1621,941.631.26%
Asset Allocation62.7816,701.860.38%
Alternatives4.238,702.510.05%
Total:11,185.966,703,789.400.17%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity271,442.544,028,766.796.74%
International Equity88,345.691,150,891.837.68%
U.S. Fixed Income172,972.261,153,569.8614.99%
International Fixed Income6,140.32137,571.454.46%
Commodities-3,415.78129,785.22-2.63%
Currency1,856.394,176.6444.45%
Leveraged20,187.8251,681.6039.06%
Inverse8,359.7221,941.6338.10%
Asset Allocation514.6316,701.863.08%
Alternatives2,359.398,702.5127.11%
Total:568,762.986,703,789.408.48%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
MLPOCredit Suisse S&P MLP Index ETN31.78%7,97629.73
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF8.26%286,98815.24
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN8.20%130,54017.66
UNGUnited States Natural Gas Fund LP7.89%17,545,311556.02
WGMIValkyrie Bitcoin Miners ETF7.88%11,3301.86
SGDJSprott Junior Gold Miners ETF7.75%36,517102.31
GDXJVanEck Junior Gold Miners ETF6.79%19,326,0543,690.46
RIGZViridi Bitcoin Miners ETF6.51%19,0113.44
GOEXGlobal X Gold Explorers ETF6.50%9,41834.35
BTFValkyrie Bitcoin Strategy ETF6.48%608,01418.89

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
MLPOCredit Suisse S&P MLP Index ETN277.17%31.78%29.73
UNLUnited States 12 Month Natural Gas Fund LP98.71%5.91%36.09
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN96.83%8.20%17.66
UNGUnited States Natural Gas Fund LP88.23%7.89%556.02
TURiShares MSCI Turkey ETF79.88%5.69%349.67
PXEInvesco Dynamic Energy Exploration & Production ETF79.17%2.11%354.65
PFIXSimplify Interest Rate Hedge ETF74.34%-2.35%354.63
IEOiShares U.S. Oil & Gas Exploration & Production ETF72.90%2.63%1,239.94
FENYFidelity MSCI Energy Index ETF71.58%2.18%1,755.57
XLEEnergy Select Sector SPDR Fund71.31%2.01%43,820.09

 

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.