ETFs Pull in $10B as Equity Markets Slip

Fixed income funds lured in the most assets last week.

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SCHOSchwab Short-Term U.S. Treasury ETF2,298.5512,826.1617.92%
EEMiShares MSCI Emerging Markets ETF976.7025,752.483.79%
VTIVanguard Total Stock Market ETF803.62267,677.040.30%
EMBiShares JP Morgan USD Emerging Markets Bond ETF796.0916,949.334.70%
BBEUJPMorgan BetaBuilders Europe ETF789.134,180.7818.88%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF728.7039,874.981.83%
BNDXVanguard Total International Bond ETF680.2046,641.891.46%
GOVTiShares U.S. Treasury Bond ETF655.7921,853.443.00%
VCSHVanguard Short-Term Corporate Bond ETF518.1741,414.121.25%
IEMGiShares Core MSCI Emerging Markets ETF483.8371,092.130.68%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-999.66146,212.32-0.68%
IWFiShares Russell 1000 Growth ETF-871.5958,673.29-1.49%
IWDiShares Russell 1000 Value ETF-815.7353,037.79-1.54%
DIASPDR Dow Jones Industrial Average ETF Trust-565.9628,696.16-1.97%
TQQQProShares UltraPro QQQ-525.3710,454.84-5.03%
BSVVanguard Short-Term Bond ETF-518.4637,731.85-1.37%
HDViShares Core High Dividend ETF-452.6312,488.97-3.62%
EEMViShares MSCI Emerging Markets Min Vol Factor ETF-445.006,913.31-6.44%
ITOTiShares Core S&P Total U.S. Stock Market ETF-388.1539,209.40-0.99%
XLIIndustrial Select Sector SPDR Fund-379.1713,874.38-2.73%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-382.443,913,526.64-0.01%
International Equity3,915.141,231,822.420.32%
U.S. Fixed Income4,531.251,208,527.620.37%
International Fixed Income1,831.20146,520.731.25%
Commodities38.54135,565.290.03%
Currency-14.763,827.93-0.39%
Leveraged-441.0447,162.60-0.94%
Inverse970.5625,103.263.87%
Asset Allocation-309.4216,477.85-1.88%
Alternatives97.118,967.081.08%
Total:10,236.156,737,501.430.15%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-3,424.123,913,526.64-0.09%
International Equity11,234.911,231,822.420.91%
U.S. Fixed Income21,737.361,208,527.621.80%
International Fixed Income3,563.62146,520.732.43%
Commodities-140.94135,565.29-0.10%
Currency-31.823,827.93-0.83%
Leveraged-1,092.2647,162.60-2.32%
Inverse2,919.2625,103.2611.63%
Asset Allocation-960.8716,477.85-5.83%
Alternatives163.198,967.081.82%
Total:33,968.336,737,501.430.50%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN9.26%104,10951.38
NOPENoble Absolute Return ETF8.57%834,18144.23
KEUAKraneShares European Carbon Allowance Strategy ETF6.85%159,86817.04
GRNiPath Series B Carbon ETN6.41%10,97945.93
EVMTInvesco Electric Vehicle Metals Commodity Strategy No K-1 ETF4.65%6,64323.10
VXXiPath Series B S&P 500 VIX Short Term Futures ETN4.13%28,235,759333.40
SPKXConvexityShares 1x SPIKES Futures ETF4.06%7,7480.96
VIXYProShares VIX Short-Term Futures ETF3.88%19,462,229247.48
KRBNKraneShares Global Carbon Strategy ETF3.73%530,627606.72
KMETKraneShares Electrification Metals Strategy ETF3.69%24,33923.39

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF73.60%-7.29%2.49
DAMVanEck Digital Assets Mining ETF58.90%-9.38%0.94
DAPPVanEck Digital Transformation ETF53.18%-7.88%26.67
BITQBitwise Crypto Industry Innovators ETF49.56%-7.31%50.68
SATOInvesco Alerian Galaxy Crypto Economy ETF43.70%-5.21%2.57
IBLCiShares Blockchain and Tech ETF42.98%-6.36%5.66
BITSGlobal X Blockchain and Bitcoin Strategy ETF38.58%-3.64%9.11
GFOFGrayscale Future of Finance ETF37.92%-6.55%4.71
FDIGFidelity Crypto Industry and Digital Payments ETF32.15%-6.21%22.18
MAXISimplify Bitcoin Strategy PLUS Income ETF30.50%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.

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.