ETFs Pull in $8B Ahead of Fed Meeting

Most of the inflows stemmed from equity funds.  

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

Investors poured nearly $8.5 billion into exchange-traded funds in the week ending Nov. 9 as robust economic data spelled an uncertain future for the Federal Reserve’s rate hike path.

The net inflows mark a reversal from the week prior, wherein ETFs posted nearly $2.9 billion in outflows.  

The S&P slid 3.4% during the week, while the Nasdaq slipped 4%. The downtick in both indices came as data released throughout the week revealed the producer price index beat analyst expectations, coming in at 0.3% for November, while a report from the Institute for Supply Management revealed continued growth in the U.S. service sector.  

As Fed officials come together later this week to discuss the next prospective rate hike, investors continue to parse through economic data to decipher how long interest rates will remain elevated.  

Still, investors piled $5.2 billion into U.S. equity funds, up from the $8.7 billion that left the asset class the week before. Top-performing funds included the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the Vanguard S&P 500 ETF (VOO), which collectively pulled in over $2.7 billion, according to data from ETF.com.  

Meanwhile, U.S. fixed income funds brought in $1.8 billion, dropping 14% from the $2.1 billion haul from the week prior. Funds that saw the most traction included the iShares Core U.S. Aggregate Bond ETF (AGG) and the Vanguard Intermediate-Term Corporate Bond Index Fund ETF (VCIT).  

 

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 Trust1,197.38372,432.770.32%
QQQInvesco QQQ Trust940.50157,294.790.60%
VOOVanguard S&P 500 ETF629.85271,689.340.23%
AGGiShares Core U.S. Aggregate Bond ETF583.5182,423.430.71%
IWFiShares Russell 1000 Growth ETF560.7061,308.200.91%
VCITVanguard Intermediate-Term Corporate Bond Index Fund ETF475.1640,646.001.17%
SPYVSPDR Portfolio S&P 500 Value ETF429.5815,056.672.85%
STIPiShares 0-5 Year TIPS Bond ETF429.3213,439.303.19%
VTEBVanguard Tax-Exempt Bond ETF427.4324,667.791.73%
SUBiShares Short-Term National Muni Bond ETF400.9810,454.273.84%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLEEnergy Select Sector SPDR Fund-702.4039,408.15-1.78%
IWMiShares Russell 2000 ETF-695.5153,382.45-1.30%
VTIPVanguard Short-Term Inflation-Protected Securities ETF-675.0316,722.03-4.04%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-657.0918,100.62-3.63%
TIPiShares TIPS Bond ETF-633.7724,101.73-2.63%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-502.8625,595.71-1.96%
IGViShares Expanded Tech-Software Sector ETF-493.724,311.10-11.45%
JNKSPDR Bloomberg High Yield Bond ETF-476.459,663.86-4.93%
SHViShares Short Treasury Bond ETF-473.4819,600.64-2.42%
MDYGSPDR S&P 400 Mid Cap Growth ETF-408.901,629.18-25.10%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity5,216.763,960,525.630.13%
International Equity708.501,165,047.990.06%
U.S. Fixed Income1,786.801,169,656.570.15%
International Fixed Income656.83140,212.630.47%
Commodities-162.01131,177.51-0.12%
Currency-22.884,118.67-0.56%
Leveraged618.2348,477.691.28%
Inverse-667.8222,511.48-2.97%
Asset Allocation234.1817,098.261.37%
Alternatives82.258,691.350.95%
Total:8,450.846,667,517.780.13%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity268,061.433,960,525.636.77%
International Equity90,851.961,165,047.997.80%
U.S. Fixed Income176,834.921,169,656.5715.12%
International Fixed Income7,358.61140,212.635.25%
Commodities-4,038.58131,177.51-3.08%
Currency1,807.564,118.6743.89%
Leveraged20,464.6048,477.6942.21%
Inverse9,718.3222,511.4843.17%
Asset Allocation929.6617,098.265.44%
Alternatives2,387.948,691.3527.47%
Total:574,376.426,667,517.788.61%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
NOPENoble Absolute Return ETF15.35%504,70422.82
BDRYBreakwave Dry Bulk Shipping ETF13.05%1,680,92339.29
CHNALoncar China BioPharma ETF7.34%2,7895.65
UNGUnited States Natural Gas Fund LP6.73%33,768,086506.86
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN6.44%153,90414.52
KWEBKraneShares CSI China Internet ETF5.67%104,173,3926,860.17
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN5.50%49,89743.58
ZROZPIMCO 25+ Year Zero Coupon US Treasury Index ETF5.45%1,232,495810.07
GOVZiShares 25+ Year Treasury STRIPS Bond ETF5.39%1,132,755344.90
KTECKraneShares Hang Seng TECH Index ETF4.89%189,0377.49

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
TURiShares MSCI Turkey ETF81.93%-0.99%359.44
UNLUnited States 12 Month Natural Gas Fund LP75.93%3.98%31.95
PFIXSimplify Interest Rate Hedge ETF69.87%-1.66%344.18
XLEEnergy Select Sector SPDR Fund57.43%-3.30%39,408.15
FENYFidelity MSCI Energy Index ETF56.58%-3.63%1,581.92
VDEVanguard Energy ETF56.49%-3.53%8,107.17
MLPOCredit Suisse S&P MLP Index ETN55.38%-1.24%28.51
IYEiShares U.S. Energy ETF55.18%-3.65%2,216.04
OIHVanEck Oil Services ETF53.34%-3.37%2,296.78
PXEInvesco Dynamic Energy Exploration & Production ETF52.81%-5.68%296.45

 

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.