ETFs Register Weekly Outflows Despite Stock Rebound
Investors pulled almost $11 billion out of U.S.-listed ETFs last week.
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 $1.7 billion.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 1,664.61 | 39,601.76 | 4.20% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 1,254.83 | 19,045.17 | 6.59% |
| SHV | iShares Short Treasury Bond ETF | 940.79 | 21,581.95 | 4.36% |
| QQQ | Invesco QQQ Trust | 791.75 | 156,421.60 | 0.51% |
| IWS | iShares Russell Mid-Cap Value ETF | 762.62 | 13,155.23 | 5.80% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 749.80 | 21,073.21 | 3.56% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 738.06 | 12,930.89 | 5.71% |
| VTEB | Vanguard Tax-Exempt Bond ETF | 721.18 | 17,429.70 | 4.14% |
| IWR | iShares Russell Mid-Cap ETF | 673.66 | 26,332.99 | 2.56% |
| XBI | SPDR S&P Biotech ETF | 573.63 | 7,168.99 | 8.00% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -2,094.45 | 344,778.41 | -0.61% |
| IVV | iShares Core S&P 500 ETF | -1,805.31 | 279,834.43 | -0.65% |
| VO | Vanguard Mid-Cap ETF | -1,788.34 | 46,570.74 | -3.84% |
| BSV | Vanguard Short-Term Bond ETF | -1,650.38 | 38,273.08 | -4.31% |
| VB | Vanguard Small-Cap ETF | -1,583.44 | 38,919.87 | -4.07% |
| VTI | Vanguard Total Stock Market ETF | -1,363.65 | 245,190.03 | -0.56% |
| IWM | iShares Russell 2000 ETF | -1,186.90 | 51,841.79 | -2.29% |
| MOAT | VanEck Morningstar Wide Moat ETF | -1,105.46 | 6,295.33 | -17.56% |
| VBR | Vanguard Small-Cap Value ETF | -974.22 | 21,659.00 | -4.50% |
| GLD | SPDR Gold Trust | -858.51 | 62,817.37 | -1.37% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -12,562.31 | 3,614,544.70 | -0.35% |
| International Equity | 1,453.66 | 1,095,446.82 | 0.13% |
| U.S. Fixed Income | 2,364.14 | 1,064,841.50 | 0.22% |
| International Fixed Income | -586.23 | 137,553.87 | -0.43% |
| Commodities | -1,608.34 | 159,017.59 | -1.01% |
| Currency | 0.31 | 3,655.48 | 0.01% |
| Leveraged | -174.16 | 43,411.99 | -0.40% |
| Inverse | 190.20 | 21,384.16 | 0.89% |
| Asset Allocation | -52.70 | 17,143.02 | -0.31% |
| Alternatives | 80.83 | 7,653.21 | 1.06% |
| Total: | -10,894.59 | 6,164,652.34 | -0.18% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 125,819.27 | 3,614,544.70 | 3.48% |
| International Equity | 59,080.33 | 1,095,446.82 | 5.39% |
| U.S. Fixed Income | 58,493.38 | 1,064,841.50 | 5.49% |
| International Fixed Income | 4,333.44 | 137,553.87 | 3.15% |
| Commodities | 16,576.92 | 159,017.59 | 10.42% |
| Currency | 1,209.49 | 3,655.48 | 33.09% |
| Leveraged | 18,264.95 | 43,411.99 | 42.07% |
| Inverse | 5,819.21 | 21,384.16 | 27.21% |
| Asset Allocation | 767.27 | 17,143.02 | 4.48% |
| Alternatives | 881.70 | 7,653.21 | 11.52% |
| Total: | 291,245.95 | 6,164,652.34 | 4.72% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| ARKG | ARK Genomic Revolution ETF | 11.42% | 7,914,387 | 2,550.06 |
| GNOM | Global X Genomics & Biotechnology ETF | 9.00% | 388,026 | 181.22 |
| XBI | SPDR S&P Biotech ETF | 8.85% | 47,555,840 | 7,168.99 |
| IDNA | iShares Genomics Immunology and Healthcare ETF | 8.74% | 116,576 | 188.02 |
| ARKK | ARK Innovation ETF | 8.72% | 92,777,122 | 9,029.24 |
| SBIO | ALPS Medical Breakthroughs ETF | 8.04% | 53,233 | 98.13 |
| BTEC | Principal Healthcare Innovators Index ETF | 7.84% | 7,947 | 56.55 |
| MSGR | Direxion mRNA ETF | 7.79% | 6,019 | 3.44 |
| XDNA | Kelly CRISPR & Gene Editing Technology ETF | 7.75% | 3,597 | 1.06 |
| BBC | Virtus LifeSci Biotech Clinical Trials ETF | 7.45% | 18,279 | 16.68 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| SOGU | The Short De-SPAC ETF | 88.76% | -1.12% | 21.45 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 74.14% | -6.32% | 23.16 |
| UNL | United States 12 Month Natural Gas Fund LP | 72.26% | -5.26% | 42.40 |
| UNG | United States Natural Gas Fund LP | 70.86% | -8.02% | 497.59 |
| UGA | United States Gasoline Fund LP | 70.69% | -1.54% | 150.72 |
| JJE | iPath Series B Bloomberg Energy Subindex Total Return ETN | 68.82% | -4.25% | 8.01 |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 64.77% | -4.19% | 15.31 |
| DBE | Invesco DB Energy Fund | 57.90% | -3.88% | 293.04 |
| PFIX | Simplify Interest Rate Hedge ETF | 57.75% | -5.55% | 313.80 |
| BNO | United States Brent Oil Fund LP | 51.89% | -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.
