ETFs Pull in $10B as Equity Markets Slip
Fixed income funds lured in the most assets last week.
Bond exchange-traded funds continued their grip on investors last week as equity markets gyrated.
Over $10.2 billion went into U.S.-listed ETFs in the shortened trading week ending Jan. 20, according to ETF.com data, slipping 29.2% from the $14.4 billion haul posted the week prior. The majority of that amount went into fixed income funds, which pulled in $4.5 billion.
Top-performing funds included the Schwab Short-Term U.S. Treasury ETF (SCHO) and the iShares JP Morgan USD Emerging Markets Bond ETF (EMB), which collectively brought in nearly $3.1 billion, according to ETF.com data.
Meanwhile, U.S-listed equity funds saw $382 million in outflows, greater than the $348 million shed the previous week. The S&P 500 slumped 0.7% during the week, while the Nasdaq inched up 0.6%.
That, during a week where the U.S. hit its debt limit, prompted the Treasury Department to scramble to avoid a government shutdown.
The U.S. Treasury is now redirecting money from two government-run retirement funds, the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund, to continue paying the nation’s bills.
“The period of time that extraordinary measures may last is subject to considerable uncertainty, including the challenges of forecasting the payments and receipts of the U.S. government months into the future,” Treasury Secretary Janet Yellen said in a letter to Congress. “I respectfully urge Congress to act promptly to protect the full faith and credit of the United States.”
In a letter to lawmakers on Jan. 13, Yellen warned the measures would only delay a default until June of this year.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SCHO | Schwab Short-Term U.S. Treasury ETF | 2,298.55 | 12,826.16 | 17.92% |
| EEM | iShares MSCI Emerging Markets ETF | 976.70 | 25,752.48 | 3.79% |
| VTI | Vanguard Total Stock Market ETF | 803.62 | 267,677.04 | 0.30% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 796.09 | 16,949.33 | 4.70% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 789.13 | 4,180.78 | 18.88% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 728.70 | 39,874.98 | 1.83% |
| BNDX | Vanguard Total International Bond ETF | 680.20 | 46,641.89 | 1.46% |
| GOVT | iShares U.S. Treasury Bond ETF | 655.79 | 21,853.44 | 3.00% |
| VCSH | Vanguard Short-Term Corporate Bond ETF | 518.17 | 41,414.12 | 1.25% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 483.83 | 71,092.13 | 0.68% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | -999.66 | 146,212.32 | -0.68% |
| IWF | iShares Russell 1000 Growth ETF | -871.59 | 58,673.29 | -1.49% |
| IWD | iShares Russell 1000 Value ETF | -815.73 | 53,037.79 | -1.54% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -565.96 | 28,696.16 | -1.97% |
| TQQQ | ProShares UltraPro QQQ | -525.37 | 10,454.84 | -5.03% |
| BSV | Vanguard Short-Term Bond ETF | -518.46 | 37,731.85 | -1.37% |
| HDV | iShares Core High Dividend ETF | -452.63 | 12,488.97 | -3.62% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | -445.00 | 6,913.31 | -6.44% |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | -388.15 | 39,209.40 | -0.99% |
| XLI | Industrial Select Sector SPDR Fund | -379.17 | 13,874.38 | -2.73% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -382.44 | 3,913,526.64 | -0.01% |
| International Equity | 3,915.14 | 1,231,822.42 | 0.32% |
| U.S. Fixed Income | 4,531.25 | 1,208,527.62 | 0.37% |
| International Fixed Income | 1,831.20 | 146,520.73 | 1.25% |
| Commodities | 38.54 | 135,565.29 | 0.03% |
| Currency | -14.76 | 3,827.93 | -0.39% |
| Leveraged | -441.04 | 47,162.60 | -0.94% |
| Inverse | 970.56 | 25,103.26 | 3.87% |
| Asset Allocation | -309.42 | 16,477.85 | -1.88% |
| Alternatives | 97.11 | 8,967.08 | 1.08% |
| Total: | 10,236.15 | 6,737,501.43 | 0.15% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -3,424.12 | 3,913,526.64 | -0.09% |
| International Equity | 11,234.91 | 1,231,822.42 | 0.91% |
| U.S. Fixed Income | 21,737.36 | 1,208,527.62 | 1.80% |
| International Fixed Income | 3,563.62 | 146,520.73 | 2.43% |
| Commodities | -140.94 | 135,565.29 | -0.10% |
| Currency | -31.82 | 3,827.93 | -0.83% |
| Leveraged | -1,092.26 | 47,162.60 | -2.32% |
| Inverse | 2,919.26 | 25,103.26 | 11.63% |
| Asset Allocation | -960.87 | 16,477.85 | -5.83% |
| Alternatives | 163.19 | 8,967.08 | 1.82% |
| Total: | 33,968.33 | 6,737,501.43 | 0.50% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| JJN | iPath Series B Bloomberg Nickel Subindex Total Return ETN | 9.26% | 104,109 | 51.38 |
| NOPE | Noble Absolute Return ETF | 8.57% | 834,181 | 44.23 |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 6.85% | 159,868 | 17.04 |
| GRN | iPath Series B Carbon ETN | 6.41% | 10,979 | 45.93 |
| EVMT | Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 4.65% | 6,643 | 23.10 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 4.13% | 28,235,759 | 333.40 |
| SPKX | ConvexityShares 1x SPIKES Futures ETF | 4.06% | 7,748 | 0.96 |
| VIXY | ProShares VIX Short-Term Futures ETF | 3.88% | 19,462,229 | 247.48 |
| KRBN | KraneShares Global Carbon Strategy ETF | 3.73% | 530,627 | 606.72 |
| KMET | KraneShares Electrification Metals Strategy ETF | 3.69% | 24,339 | 23.39 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| WGMI | Valkyrie Bitcoin Miners ETF | 73.60% | -7.29% | 2.49 |
| DAM | VanEck Digital Assets Mining ETF | 58.90% | -9.38% | 0.94 |
| DAPP | VanEck Digital Transformation ETF | 53.18% | -7.88% | 26.67 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 49.56% | -7.31% | 50.68 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 43.70% | -5.21% | 2.57 |
| IBLC | iShares Blockchain and Tech ETF | 42.98% | -6.36% | 5.66 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 38.58% | -3.64% | 9.11 |
| GFOF | Grayscale Future of Finance ETF | 37.92% | -6.55% | 4.71 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 32.15% | -6.21% | 22.18 |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 30.50% | 0.32% | 16.80 |
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.
