ETFs Pulled in $23B Last Week; AMJ Led Outflows
Year-to-date inflows climbed to $230 billion.
Fresh record highs in U.S. stocks prompted investors to plow $22.9 billion into U.S.-listed exchange-traded funds last week. That brought year-to-date inflows up to $230.3 billion.
The S&P 500 climbed above 5,300 for the first time ever last week as a better-than-feared inflation report eased investors worried about consumer prices and interest rates.
U.S. equity ETFs pulled in $14.7 billion of new money last week, leading all ETF categories. U.S. fixed income ETFs followed suit with weekly inflows of $5.2 billion.
The U.S. 10-year Treasury yield fell as low as 4.34% last week, significantly below the 4.7% high from April.
Meanwhile, nine of last week's 10 best-performing funds were crypto related, topped by the 13% gain in the First Trust SkyBridge Crypto Industry And Digital Economy ETF (CRPT).
S&P 500 ETF In Demand
Topping last week’s flows charts was a pair of S&P 500 ETFs: the Vanguard S&P 500 Index Fund (VOO) and the SPDR S&P 500 ETF Trust (SPY), which brought in $2 billion and $1.8 billion, respectively, of new cash.
The Invesco QQQ Trust (QQQ) was next, with inflows of $1.8 billion.
Along with the broader S&P 500, the tech-heavy Nasdaq-100 also hit records last week. Key Nasdaq component Nvidia will report earnings this week.
Meanwhile, in terms of fixed income, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) led the way, with weekly inflows of $1.2 billion and $1 billion, respectively.
AMJ Tops Outflows
On the outflows side of the ledger, the JPMorgan Alerian MLP Index ETN (AMJ) was far and away the biggest loser, with redemptions of $2.8 billion.
The Technology Select Sector SPDR Fund (XLK) and the Direxion Daily Semiconductor Bull 3X Shares (SOXL) were next, each with redemptions of just under $700 million
The ProShares UltraPro QQQ (TQQQ) was another leveraged tech-focused fund to make the top 10 outflows list, with redemptions of more than $400 million.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
VOO | Vanguard 500 Index Fund | 1,965.23 | 454,109.36 | 0.43 |
SPY | SPDR S&P 500 ETF Trust | 1,814.62 | 524,808.85 | 0.35 |
QQQ | Invesco QQQ Trust | 1,814.57 | 268,394.66 | 0.68 |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,240.65 | 16,418.25 | 7.56 |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 1,026.95 | 29,798.23 | 3.45 |
VTI | Vanguard Total Stock Market ETF | 813.06 | 398,371.13 | 0.20 |
AMJB | JPMorgan Alerian MLP Index ETN due January 28, 2044 | 668.41 | 776.17 | 86.12 |
VXUS | Vanguard Total International Stock ETF | 604.63 | 72,827.85 | 0.83 |
IWF | iShares Russell 1000 Growth ETF | 563.84 | 91,478.20 | 0.62 |
BUFC | AB Conservative Buffer ETF | 542.79 | 1,085.59 | 50.00 |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
AMJ | JPMorgan Alerian MLP Index ETN | -2,789.98 | 564.22 | -494.48 |
XLK | Technology Select Sector SPDR Fund | -699.61 | 65,796.22 | -1.06 |
SOXL | Direxion Daily Semiconductor Bull 3X Shares | -670.73 | 10,983.30 | -6.11 |
IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | -594.13 | 20,658.07 | -2.88 |
VTIP | Vanguard Short-Term Inflation-Protected Securities ETF | -474.59 | 10,845.62 | -4.38 |
TQQQ | ProShares UltraPro QQQ | -417.80 | 22,193.88 | -1.88 |
XLI | Industrial Select Sector SPDR Fund | -371.37 | 18,607.93 | -2.00 |
XLE | Energy Select Sector SPDR Fund | -328.23 | 39,200.26 | -0.84 |
EWJ | iShares MSCI Japan ETF | -266.08 | 16,425.60 | -1.62 |
ESGU | iShares ESG Aware MSCI USA ETF | -243.42 | 12,754.38 | -1.91 |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
Alternatives | -33.53 | 7,625.13 | -0.44% |
Asset Allocation | -16.84 | 18,288.76 | -0.09% |
Commodities | 682.30 | 145,554.33 | 0.47% |
Currency | 669.62 | 58,902.88 | 1.14% |
International Equity | 1,330.35 | 1,520,279.06 | 0.09% |
International Fixed Income | 1,411.22 | 198,944.02 | 0.71% |
Inverse | 269.36 | 13,557.84 | 1.99% |
Leveraged | -1,299.76 | 98,660.55 | -1.32% |
U.S. Equity | 14,650.31 | 5,592,652.45 | 0.26% |
U.S. Fixed Income | 5,231.21 | 1,394,197.10 | 0.38% |
Total: | 22,894.23 | 9,048,662.11 | 0.25% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
Alternatives | 734.19 | 7,545.60 | 9.73% |
Asset Allocation | 156.76 | 17,603.73 | 0.89% |
Commodities | -4,457.34 | 141,725.43 | -3.15% |
Currency | 12,337.98 | 56,479.94 | 21.84% |
International Equity | 32,078.76 | 1,458,361.86 | 2.20% |
International Fixed Income | 16,836.62 | 191,222.05 | 8.80% |
Inverse | -869.68 | 13,467.27 | -6.46% |
Leveraged | -392.45 | 91,946.51 | -0.43% |
U.S. Equity | 123,195.98 | 5,369,235.78 | 2.29% |
U.S. Fixed Income | 50,713.13 | 1,362,597.82 | 3.72% |
Total: | 230,333.95 | 8,710,185.98 | 2.64% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
UCRD | VictoryShares Corporate Bond ETF | 13,091 | 379,001.00 | 2,895.13%% |
CDX | Simplify High Yield PLUS Credit Hedge ETF | 87,652 | 2,020,791.00 | 2,305.47%% |
GVIP | Goldman Sachs Hedge Industry VIP ETF | 16,657 | 365,766.00 | 2,195.81%% |
CSD | Invesco S&P Spin-Off ETF | 3,904 | 81,660.00 | 2,091.94%% |
GMAY | FT Vest U.S. Equity Moderate Buffer ETF - May | 21,096 | 360,372.00 | 1,708.27%% |
AESR | Anfield U.S. Equity Sector Rotation ETF | 82,640 | 1,395,565.00 | 1,688.72%% |
RZV | Invesco S&P SmallCap 600 Pure Value ETF | 12,633 | 208,473.00 | 1,650.19%% |
SHLD | Global X Defense Tech ETF | 99,201 | 1,447,900.00 | 1,459.57%% |
VSLU | Applied Finance Valuation Large Cap ETF | 32,234 | 419,005.00 | 1,299.88%% |
XHYC | BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 3,330 | 31,250.00 | 938.38%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | 13.22% | 264,939 | 54.13 |
BKCH | Global X Blockchain ETF | 9.22% | 93,377 | 130.78 |
DAPP | VanEck Digital Transformation ETF | 9.11% | 190,807 | 109.08 |
WGMI | Valkyrie Bitcoin Miners ETF | 8.67% | 563,403 | 82.39 |
STCE | Schwab Crypto Thematic ETF | 8.51% | 42,318 | 37.39 |
BITQ | Bitwise Crypto Industry Innovators ETF | 8.00% | 144,873 | 121.42 |
HYDR | Global X Hydrogen ETF | 7.66% | 294,842 | 43.03 |
IBLC | iShares Blockchain and Tech ETF | 7.59% | 9,372 | 18.63 |
SATO | Invesco Alerian Galaxy Crypto Economy ETF | 6.98% | 8,626 | 8.61 |
GFOF | Grayscale Future of Finance ETF | 6.96% | 2,119 | 6.55 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
GBTC | Grayscale Bitcoin Trust ETF | 72.53% | 4.68% | 18,832.49 |
NVDY | YieldMax NVDA Option Income Strategy ETF | 60.25% | 2.90% | 484.79 |
MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 54.31% | 5.17% | 20.71 |
BITO | ProShares Bitcoin Strategy ETF | 54.21% | 4.52% | 2,155.34 |
ARKA | ARK 21Shares Active Bitcoin Futures Strategy ETF | 53.66% | 4.72% | 17.11 |
BITC | Bitwise Bitcoin Strategy Optimum Roll ETF | 53.06% | 12.40 | |
DEFI | Hashdex Bitcoin ETF | 51.12% | 11.94 | |
ARKC | ARK 21Shares Active On-Chain Bitcoin Strategy ETF | 49.39% | 3.70% | 2.42 |
BETH | ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 47.60% | 4.22% | 7.50 |
BTF | Valkyrie Bitcoin and Ether Strategy ETF | 42.33% | 3.63% | 48.32 |
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.