ETFs Start 2022 With $24B In Flows
The broad market equity funds just keep charging on.
The U.S. ETF industry kicked off 2022 with inflows shy of $24 billion in the period between Dec. 31, 2021 and Thursday, or $7.1 billion more than in the first week of 2021. Just over $15.4 billion of that figure came from inflows from Jan. 3 through Thursday, according to ETF.com data provider FactSet.
Broad Market, Leveraged Tech Leads
The SPDR S&P 500 ETF Trust (SPY) continued its run atop the inflow charts with $4.2 billion in new assets during the period. The iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI) followed far behind, with respective inflows of $1.8 billion and $1.1 billion.
Dip buying was also out in force on the week in tech, with the ProShares UltraPro QQQ (TQQQ) being the only other fund past the $1 billion inflow mark. TQQQ added $1.1 billion despite a large rotation out of growth-oriented tech stocks as the Federal Reserve signals its intent to raise rates.
The Invesco QQQ Trust (QQQ) has lost 4.7% as of 1:15 p.m. Eastern Time from its opening price Monday.
The Financial Select Sector SPDR Fund (XLF) led sector-specific ETFs in new assets, with $980.55 million on the week when Treasury yields started to approach prepandemic levels. The Health Care Select Sector SPDR Fund (XLV), the Energy Select Sector SPDR Fund (XLE) and the VanEck Semiconductor ETF (SMH) also appeared on the top performers list, with respective inflows of $880.2 million, $719.1 million and $601.5 million.
TLT’s Black Monday
The iShares 20+ Year Treasury Bond ETF (TLT) saw the deepest outflows of the week by far, losing $1.1 billion in the period. Just under $1.17 billion of that was pulled out on Monday alone, likely due to more risk-on appetite in the marketplace and new corporate bond issuances in the new year.
The SPDR Bloomberg High Yield Bond ETF (JNK) and the iShares 3-7 Year Treasury Bond ETF (IEI) rounded out the fixed income ETFs on the largest outflows list, with respective losses of $476.9 million and $372.6 million.
The iShares Russell 2000 ETF (IWM) had the second largest outflows on the week, with $883.2 million in losses, driven mostly by a $479.3 million outflow on New Year’s Eve and a $495.6 million loss on Tuesday.
The Vanguard S&P 500 ETF (VOO) rounded out the top three losers with a $756 million outflow, likely due to last-minute profit-taking before 2021’s end. The fund saw $1.8 billion in outflows during December.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 4,201.74 | 450,567.08 | 0.93% |
| IVV | iShares Core S&P 500 ETF | 1,800.09 | 331,349.46 | 0.54% |
| VTI | Vanguard Total Stock Market ETF | 1,116.52 | 294,379.55 | 0.38% |
| TQQQ | ProShares UltraPro QQQ | 1,087.27 | 19,298.10 | 5.63% |
| XLF | Financial Select Sector SPDR Fund | 980.45 | 46,869.59 | 2.09% |
| XLV | Health Care Select Sector SPDR Fund | 880.17 | 35,458.78 | 2.48% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 806.64 | 31,103.29 | 2.59% |
| XLE | Energy Select Sector SPDR Fund | 719.09 | 28,875.17 | 2.49% |
| VEA | Vanguard FTSE Developed Markets ETF | 613.33 | 110,288.22 | 0.56% |
| SMH | VanEck Semiconductor ETF | 601.52 | 7,722.27 | 7.79% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| TLT | iShares 20+ Year Treasury Bond ETF | -1,616.53 | 17,464.75 | -9.26% |
| IWM | iShares Russell 2000 ETF | -883.21 | 67,122.84 | -1.32% |
| VOO | Vanguard S&P 500 ETF | -756.03 | 274,947.21 | -0.27% |
| IWD | iShares Russell 1000 Value ETF | -589.31 | 59,790.93 | -0.99% |
| USSG | Xtrackers MSCI U.S.A. ESG Leaders Equity ETF | -496.94 | 3,642.77 | -13.64% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -476.91 | 9,363.47 | -5.09% |
| XBI | SPDR S&P Biotech ETF | -423.64 | 6,363.68 | -6.66% |
| IGV | iShares Expanded Tech-Software Sector ETF | -409.17 | 5,155.10 | -7.94% |
| XLU | Utilities Select Sector SPDR Fund | -399.18 | 12,479.97 | -3.20% |
| IEI | iShares 3-7 Year Treasury Bond ETF | -372.60 | 9,966.61 | -3.74% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 18,348.23 | 4,326,411.81 | 0.42% |
| International Equity | 3,073.45 | 1,301,007.90 | 0.24% |
| U.S. Fixed Income | -492.54 | 1,101,292.14 | -0.04% |
| International Fixed Income | 1,151.55 | 159,693.32 | 0.72% |
| Commodities | 602.80 | 137,863.96 | 0.44% |
| Currency | -47.20 | 3,058.41 | -1.54% |
| Leveraged | 785.62 | 73,034.69 | 1.08% |
| Inverse | 153.50 | 11,934.71 | 1.29% |
| Asset Allocation | 182.28 | 20,755.51 | 0.88% |
| Alternatives | 182.81 | 7,075.78 | 2.58% |
| Total: | 23,940.49 | 7,142,128.24 | 0.34% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 12,121.43 | 4,326,411.81 | 0.28% |
| International Equity | 2,552.13 | 1,301,007.90 | 0.20% |
| U.S. Fixed Income | -1,801.40 | 1,101,292.14 | -0.16% |
| International Fixed Income | 666.78 | 159,693.32 | 0.42% |
| Commodities | 544.60 | 137,863.96 | 0.40% |
| Currency | -68.83 | 3,058.41 | -2.25% |
| Leveraged | 883.92 | 73,034.69 | 1.21% |
| Inverse | 147.73 | 11,934.71 | 1.24% |
| Asset Allocation | 182.80 | 20,755.51 | 0.88% |
| Alternatives | 183.15 | 7,075.78 | 2.59% |
| Total: | 15,412.31 | 7,142,128.24 | 0.22% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| TADS | The Active Dividend Stock ETF | 23.83% | 1,187,212 | 0.29 |
| OIH | VanEck Oil Services ETF | 9.82% | 2,754,926 | 2,436.56 |
| URNM | North Shore Global Uranium Mining ETF | 9.80% | 1,388,931 | 776.93 |
| XES | SPDR S&P Oil & Gas Equipment & Services ETF | 9.71% | 243,891 | 136.39 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 9.62% | 1,475,389 | 115.06 |
| GRN | iPath Series B Carbon ETN | 9.07% | 385,489 | 142.47 |
| SARK | Tuttle Capital Short Innovation ETF | 8.94% | 2,383,876 | 103.09 |
| PXJ | Invesco Dynamic Oil & Gas Services ETF | 8.49% | 645,353 | 23.14 |
| URA | Global X Uranium ETF | 8.46% | 10,244,771 | 1,280.78 |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 8.44% | 69,150 | 124.94 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| TADS | The Active Dividend Stock ETF | 23.83% | 23.83% | 0.29 |
| NORW | Global X MSCI Norway ETF | 21.00% | 0.26% | 79.88 |
| NVMZ | TrueShares Structured Outcome ETF - November | 14.66% | 79.88 | |
| OIH | VanEck Oil Services ETF | 9.82% | 9.82% | 2,436.56 |
| URNM | North Shore Global Uranium Mining ETF | 9.80% | 9.80% | 776.93 |
| XES | SPDR S&P Oil & Gas Equipment & Services ETF | 9.71% | 9.71% | 136.39 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 9.62% | 9.62% | 115.06 |
| GRN | iPath Series B Carbon ETN | 9.07% | 9.07% | 142.47 |
| SARK | Tuttle Capital Short Innovation ETF | 8.94% | 8.94% | 103.09 |
| SULR | SmartETFs Sustainable Energy II ETF | 8.64% | 0.00% | 103.09 |
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.
