ETFs See $30B Weekly Outflows

The S&P 500 and the Dow Jones Industrial Average both recovered from a brutal correction on Monday to end the week in the positive, but ETFs have yet to recoup their losses.

U.S.-listed ETFs lost more than $29.6 billion to outflows from Sept, 17 to Sept. 23, according to ETF.com data provider FactSet, with approximately $27.5 billion in outflows on Monday alone.

A quartet of fears swept across the market between a potential default of Chinese property developer Evergrande, a Federal Reserve meeting that ultimately signaled tighter monetary policy on the way, brinkmanship in Washington over the debt ceiling and the ongoing COVID-19 pandemic heading into the winter.

Broad Indexes Retreat

Broad vanilla index funds have been steady gainers through most of 2021 but spent this week filling the outflow leaders chart.

The SPDR S&P 500 ETF Trust (SPY) had the largest outflow of funds, with $5.8 billion being pulled, while the Vanguard Extended Market ETF (VXF) suffered the largest loss of percentage of assets under management, with a 16.21% drawdown.

The Vanguard Growth ETF (VUG), the Vanguard Dividend Appreciation ETF (VIG) and the Vanguard Mid-Cap ETF (VO) rounded out the top five losers, with outflows of 3.3%, 4.3% and 4.6%, respectively.

Mixed Bag Of Inflow Leaders

The leaders chart for the week is varied, with some gains suggesting a portion of investors think deals were to be found in the correction. The iShares Russell 2000 ETF (IWM) led gainers by dollar amount with inflows of $2.2 billion and a 3.3% gain in AUM. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the largest gainer by AUM percentage, adding 9.0%, or $311.3 million, in net flows.

Investors also made buys into several sectors of the fixed income space. The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) led that segment, with a gain of 5.5%, while the iShares 7-10 Year Treasury Bond ETF (IEF) and the PIMCO Enhanced Short Maturity Active ETF (MINT) were also in the top 10 list, with 3.2% and 2.2% in inflows, respectively.

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

Top 10 Creations (All ETFs)

Top 10 Redemptions (All ETFs)

ETF Weekly Flows By Asset Class

Asset Classes (Year-to-Date)

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

Top 10 YTD Performers

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.