ETFs Register Weekly Outflows Despite Stock Rebound

Investors pulled almost $11 billion out of U.S.-listed ETFs last week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

A strong week for financial markets didn’t translate into weekly ETF inflows. On net, investors pulled $10.9 billion out of U.S.-listed exchange-traded funds during the week ending Friday, June 24. 

That brought year-to-date inflows down to $291.2 billion, compared with $467.9 billion at the same time a year ago. 

Most of the week’s outflows came from U.S. equity ETFs, which posted net redemptions of $12.6 billion. 

The S&P 500 jumped more than 6% last week as bargain hunters edged into the markets following intense selling during the first half of June.  

The top ETFs to shed assets were the SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard Mid-Cap ETF (VO), each with outflows of more than $1.7 billion. 

Meanwhile, commodities saw redemptions to the tune of $1.6 billion, led by the SPDR Gold Trust (GLD), which had outflows of $859 million during the week.  

Fixed Income Picks Up Assets 

On the positive side of the ledger, investors added $2.4 billion to U.S. fixed income ETFs and $1.5 billion to international equity ETFs. 

The iShares 7-10 Year Treasury Bond ETF (IEF) picked up $1.3 billion of new money. The yield on the 10-year Treasury bond hit a two-week low around 3% late last week (bond prices and yields tend to move inversely). 

The iShares Short Treasury Bond ETF (SHV) was also in vogue, with inflows of $941 million. 

The top asset gatherer of the week was the iShares Core S&P Total U.S. Stock Market ETF (ITOT), with inflows of $1.7 billion. 

For a full list of this week’s top inflows and outflows, see the tables below: 

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
ITOTiShares Core S&P Total U.S. Stock Market ETF1,664.6139,601.764.20%
IEFiShares 7-10 Year Treasury Bond ETF1,254.8319,045.176.59%
SHViShares Short Treasury Bond ETF940.7921,581.954.36%
QQQInvesco QQQ Trust791.75156,421.600.51%
IWSiShares Russell Mid-Cap Value ETF762.6213,155.235.80%
BILSPDR Bloomberg 1-3 Month T-Bill ETF749.8021,073.213.56%
SPYVSPDR Portfolio S&P 500 Value ETF738.0612,930.895.71%
VTEBVanguard Tax-Exempt Bond ETF721.1817,429.704.14%
IWRiShares Russell Mid-Cap ETF673.6626,332.992.56%
XBISPDR S&P Biotech ETF573.637,168.998.00%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-2,094.45344,778.41-0.61%
IVViShares Core S&P 500 ETF-1,805.31279,834.43-0.65%
VOVanguard Mid-Cap ETF-1,788.3446,570.74-3.84%
BSVVanguard Short-Term Bond ETF-1,650.3838,273.08-4.31%
VBVanguard Small-Cap ETF-1,583.4438,919.87-4.07%
VTIVanguard Total Stock Market ETF-1,363.65245,190.03-0.56%
IWMiShares Russell 2000 ETF-1,186.9051,841.79-2.29%
MOATVanEck Morningstar Wide Moat ETF-1,105.466,295.33-17.56%
VBRVanguard Small-Cap Value ETF-974.2221,659.00-4.50%
GLDSPDR Gold Trust-858.5162,817.37-1.37%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-12,562.313,614,544.70-0.35%
International Equity1,453.661,095,446.820.13%
U.S. Fixed Income2,364.141,064,841.500.22%
International Fixed Income-586.23137,553.87-0.43%
Commodities-1,608.34159,017.59-1.01%
Currency0.313,655.480.01%
Leveraged-174.1643,411.99-0.40%
Inverse190.2021,384.160.89%
Asset Allocation-52.7017,143.02-0.31%
Alternatives80.837,653.211.06%
Total:-10,894.596,164,652.34-0.18%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity125,819.273,614,544.703.48%
International Equity59,080.331,095,446.825.39%
U.S. Fixed Income58,493.381,064,841.505.49%
International Fixed Income4,333.44137,553.873.15%
Commodities16,576.92159,017.5910.42%
Currency1,209.493,655.4833.09%
Leveraged18,264.9543,411.9942.07%
Inverse5,819.2121,384.1627.21%
Asset Allocation767.2717,143.024.48%
Alternatives881.707,653.2111.52%
Total:291,245.956,164,652.344.72%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
ARKGARK Genomic Revolution ETF11.42%7,914,3872,550.06
GNOMGlobal X Genomics & Biotechnology ETF9.00%388,026181.22
XBISPDR S&P Biotech ETF8.85%47,555,8407,168.99
IDNAiShares Genomics Immunology and Healthcare ETF8.74%116,576188.02
ARKKARK Innovation ETF8.72%92,777,1229,029.24
SBIOALPS Medical Breakthroughs ETF8.04%53,23398.13
BTECPrincipal Healthcare Innovators Index ETF7.84%7,94756.55
MSGRDirexion mRNA ETF7.79%6,0193.44
XDNAKelly CRISPR & Gene Editing Technology ETF7.75%3,5971.06
BBCVirtus LifeSci Biotech Clinical Trials ETF7.45%18,27916.68

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
SOGUThe Short De-SPAC ETF88.76%-1.12%21.45
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN74.14%-6.32%23.16
UNLUnited States 12 Month Natural Gas Fund LP72.26%-5.26%42.40
UNGUnited States Natural Gas Fund LP70.86%-8.02%497.59
UGAUnited States Gasoline Fund LP70.69%-1.54%150.72
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN68.82%-4.25%8.01
RJNElements Rogers International Commodity Index-Energy TR ETN64.77%-4.19%15.31
DBEInvesco DB Energy Fund57.90%-3.88%293.04
PFIXSimplify Interest Rate Hedge ETF57.75%-5.55%313.80
BNOUnited States Brent Oil Fund LP51.89%-5.05%298.33

 

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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.