ETFs Start 2022 With $24B In Flows

The broad market equity funds just keep charging on.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust4,201.74450,567.080.93%
IVViShares Core S&P 500 ETF1,800.09331,349.460.54%
VTIVanguard Total Stock Market ETF1,116.52294,379.550.38%
TQQQProShares UltraPro QQQ1,087.2719,298.105.63%
XLFFinancial Select Sector SPDR Fund980.4546,869.592.09%
XLVHealth Care Select Sector SPDR Fund880.1735,458.782.48%
DIASPDR Dow Jones Industrial Average ETF Trust806.6431,103.292.59%
XLEEnergy Select Sector SPDR Fund719.0928,875.172.49%
VEAVanguard FTSE Developed Markets ETF613.33110,288.220.56%
SMHVanEck Semiconductor ETF601.527,722.277.79%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
TLTiShares 20+ Year Treasury Bond ETF-1,616.5317,464.75-9.26%
IWMiShares Russell 2000 ETF-883.2167,122.84-1.32%
VOOVanguard S&P 500 ETF-756.03274,947.21-0.27%
IWDiShares Russell 1000 Value ETF-589.3159,790.93-0.99%
USSGXtrackers MSCI U.S.A. ESG Leaders Equity ETF-496.943,642.77-13.64%
JNKSPDR Bloomberg High Yield Bond ETF-476.919,363.47-5.09%
XBISPDR S&P Biotech ETF-423.646,363.68-6.66%
IGViShares Expanded Tech-Software Sector ETF-409.175,155.10-7.94%
XLUUtilities Select Sector SPDR Fund-399.1812,479.97-3.20%
IEIiShares 3-7 Year Treasury Bond ETF-372.609,966.61-3.74%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity18,348.234,326,411.810.42%
International Equity3,073.451,301,007.900.24%
U.S. Fixed Income-492.541,101,292.14-0.04%
International Fixed Income1,151.55159,693.320.72%
Commodities602.80137,863.960.44%
Currency-47.203,058.41-1.54%
Leveraged785.6273,034.691.08%
Inverse153.5011,934.711.29%
Asset Allocation182.2820,755.510.88%
Alternatives182.817,075.782.58%
Total:23,940.497,142,128.240.34%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity12,121.434,326,411.810.28%
International Equity2,552.131,301,007.900.20%
U.S. Fixed Income-1,801.401,101,292.14-0.16%
International Fixed Income666.78159,693.320.42%
Commodities544.60137,863.960.40%
Currency-68.833,058.41-2.25%
Leveraged883.9273,034.691.21%
Inverse147.7311,934.711.24%
Asset Allocation182.8020,755.510.88%
Alternatives183.157,075.782.59%
Total:15,412.317,142,128.240.22%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
TADSThe Active Dividend Stock ETF23.83%1,187,2120.29
OIHVanEck Oil Services ETF9.82%2,754,9262,436.56
URNMNorth Shore Global Uranium Mining ETF9.80%1,388,931776.93
XESSPDR S&P Oil & Gas Equipment & Services ETF9.71%243,891136.39
IEZiShares U.S. Oil Equipment & Services ETF9.62%1,475,389115.06
GRNiPath Series B Carbon ETN9.07%385,489142.47
SARKTuttle Capital Short Innovation ETF8.94%2,383,876103.09
PXJInvesco Dynamic Oil & Gas Services ETF8.49%645,35323.14
URAGlobal X Uranium ETF8.46%10,244,7711,280.78
KEUAKraneShares European Carbon Allowance Strategy ETF8.44%69,150124.94

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
TADSThe Active Dividend Stock ETF23.83%23.83%0.29
NORWGlobal X MSCI Norway ETF21.00%0.26%79.88
NVMZTrueShares Structured Outcome ETF - November14.66% 79.88
OIHVanEck Oil Services ETF9.82%9.82%2,436.56
URNMNorth Shore Global Uranium Mining ETF9.80%9.80%776.93
XESSPDR S&P Oil & Gas Equipment & Services ETF9.71%9.71%136.39
IEZiShares U.S. Oil Equipment & Services ETF9.62%9.62%115.06
GRNiPath Series B Carbon ETN9.07%9.07%142.47
SARKTuttle Capital Short Innovation ETF8.94%8.94%103.09
SULRSmartETFs Sustainable Energy II ETF8.64%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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.