ETFs Pull in $8B Ahead of Fed Meeting

Most of the inflows stemmed from equity funds.

Shubham Saharan

Dec 12, 2022

Reviewed by: Shubham Saharan

Edited by: Shubham Saharan

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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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	1,197.38	372,432.77	0.32%
QQQ	Invesco QQQ Trust	940.50	157,294.79	0.60%
VOO	Vanguard S&P 500 ETF	629.85	271,689.34	0.23%
AGG	iShares Core U.S. Aggregate Bond ETF	583.51	82,423.43	0.71%
IWF	iShares Russell 1000 Growth ETF	560.70	61,308.20	0.91%
VCIT	Vanguard Intermediate-Term Corporate Bond Index Fund ETF	475.16	40,646.00	1.17%
SPYV	SPDR Portfolio S&P 500 Value ETF	429.58	15,056.67	2.85%
STIP	iShares 0-5 Year TIPS Bond ETF	429.32	13,439.30	3.19%
VTEB	Vanguard Tax-Exempt Bond ETF	427.43	24,667.79	1.73%
SUB	iShares Short-Term National Muni Bond ETF	400.98	10,454.27	3.84%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
XLE	Energy Select Sector SPDR Fund	-702.40	39,408.15	-1.78%
IWM	iShares Russell 2000 ETF	-695.51	53,382.45	-1.30%
VTIP	Vanguard Short-Term Inflation-Protected Securities ETF	-675.03	16,722.03	-4.04%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	-657.09	18,100.62	-3.63%
TIP	iShares TIPS Bond ETF	-633.77	24,101.73	-2.63%
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	-502.86	25,595.71	-1.96%
IGV	iShares Expanded Tech-Software Sector ETF	-493.72	4,311.10	-11.45%
JNK	SPDR Bloomberg High Yield Bond ETF	-476.45	9,663.86	-4.93%
SHV	iShares Short Treasury Bond ETF	-473.48	19,600.64	-2.42%
MDYG	SPDR S&P 400 Mid Cap Growth ETF	-408.90	1,629.18	-25.10%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	5,216.76	3,960,525.63	0.13%
International Equity	708.50	1,165,047.99	0.06%
U.S. Fixed Income	1,786.80	1,169,656.57	0.15%
International Fixed Income	656.83	140,212.63	0.47%
Commodities	-162.01	131,177.51	-0.12%
Currency	-22.88	4,118.67	-0.56%
Leveraged	618.23	48,477.69	1.28%
Inverse	-667.82	22,511.48	-2.97%
Asset Allocation	234.18	17,098.26	1.37%
Alternatives	82.25	8,691.35	0.95%
Total:	8,450.84	6,667,517.78	0.13%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	268,061.43	3,960,525.63	6.77%
International Equity	90,851.96	1,165,047.99	7.80%
U.S. Fixed Income	176,834.92	1,169,656.57	15.12%
International Fixed Income	7,358.61	140,212.63	5.25%
Commodities	-4,038.58	131,177.51	-3.08%
Currency	1,807.56	4,118.67	43.89%
Leveraged	20,464.60	48,477.69	42.21%
Inverse	9,718.32	22,511.48	43.17%
Asset Allocation	929.66	17,098.26	5.44%
Alternatives	2,387.94	8,691.35	27.47%
Total:	574,376.42	6,667,517.78	8.61%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
NOPE	Noble Absolute Return ETF	15.35%	504,704	22.82
BDRY	Breakwave Dry Bulk Shipping ETF	13.05%	1,680,923	39.29
CHNA	Loncar China BioPharma ETF	7.34%	2,789	5.65
UNG	United States Natural Gas Fund LP	6.73%	33,768,086	506.86
GAZ	iPath Series B Bloomberg Natural Gas Subindex Total Return ETN	6.44%	153,904	14.52
KWEB	KraneShares CSI China Internet ETF	5.67%	104,173,392	6,860.17
JJN	iPath Series B Bloomberg Nickel Subindex Total Return ETN	5.50%	49,897	43.58
ZROZ	PIMCO 25+ Year Zero Coupon US Treasury Index ETF	5.45%	1,232,495	810.07
GOVZ	iShares 25+ Year Treasury STRIPS Bond ETF	5.39%	1,132,755	344.90
KTEC	KraneShares Hang Seng TECH Index ETF	4.89%	189,037	7.49

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
TUR	iShares MSCI Turkey ETF	81.93%	-0.99%	359.44
UNL	United States 12 Month Natural Gas Fund LP	75.93%	3.98%	31.95
PFIX	Simplify Interest Rate Hedge ETF	69.87%	-1.66%	344.18
XLE	Energy Select Sector SPDR Fund	57.43%	-3.30%	39,408.15
FENY	Fidelity MSCI Energy Index ETF	56.58%	-3.63%	1,581.92
VDE	Vanguard Energy ETF	56.49%	-3.53%	8,107.17
MLPO	Credit Suisse S&P MLP Index ETN	55.38%	-1.24%	28.51
IYE	iShares U.S. Energy ETF	55.18%	-3.65%	2,216.04
OIH	VanEck Oil Services ETF	53.34%	-3.37%	2,296.78
PXE	Invesco Dynamic Energy Exploration & Production ETF	52.81%	-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

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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.

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ETFs Pull in $8B Ahead of Fed Meeting

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