Fixed Income ETFs Lead Strong Weekly Inflows
Year-to-date inflows now stand at $35.2 billion.
U.S. stocks kept humming this week as the S&P 500 rallied to fresh record highs. The venerable index topped 3,325 for the first time ever, bringing its year-to-date gains up to nearly 3%.
In turn, investors kept plowing money into U.S.-listed ETFs. A cool $13.4 billion flowed into the space during the week ending Thursday, Jan. 16, sending year-to-date inflows to $35.2 billion, well ahead of year-ago levels of $8.4 billion.
Strong Inflows For Fixed Income ETFs
Interestingly, though equity ETFs had solid inflows during the week, the bulk of new money went into U.S. fixed income products. Those funds picked up $5.6 billion of cash, more than the $2.9 billion that went into U.S. equity ETFs and the $2.8 billion that went into international equity ETFs.
On a year-to-date basis, U.S. equity ETFs are still ahead, $14.2 billion to $11.4 billion, but the gap is much smaller than you'd expect considering the record run in stocks. So far this year, most fixed income ETFs are up thanks to a modest decline in interest rates (bond prices and rates move inversely). The iShares Core Aggregate Bond ETF (AGG), for example, has returned about 0.6%.
Individual Names
Taking a look at individual ETF flows, the Vanguard Small-Cap ETF (VB) headlined the top inflows list, with creations of $1.5 billion. It was joined by the iShares 20+ Year Treasury Bond ETF (TLT), the iShares ESG MSCI U.S.A. ETF (ESGU) and the aforementioned AGG, among others.
Meanwhile, on the outflows side, the Vanguard Short-Term Corporate Bond ETF (VCSH) had by far the largest redemptions of the week, at $1.6 billion. The SPDR S&P 500 ETF Trust (SPY), the iShares 3-7 Year Treasury Bond ETF (IEI) and the iShares Edge MSCI U.S.A. Size Factor ETF (SIZE) also registered outflows.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
VB | Vanguard Small-Cap ETF | 1,450.22 | 29,327.90 | 4.94% |
IVV | iShares Core S&P 500 ETF | 1,315.16 | 205,983.79 | 0.64% |
TLT | iShares 20+ Year Treasury Bond ETF | 1,178.02 | 18,124.28 | 6.50% |
ESGU | iShares ESG MSCI U.S.A. ETF | 1,152.12 | 2,657.90 | 43.35% |
FTCS | First Trust Capital Strength ETF | 891.86 | 4,398.89 | 20.27% |
AGG | iShares Core U.S. Aggregate Bond ETF | 823.46 | 70,953.59 | 1.16% |
MBB | iShares MBS ETF | 802.69 | 22,672.55 | 3.54% |
VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 779.72 | 27,068.68 | 2.88% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 767.21 | 19,962.48 | 3.84% |
VUG | Vanguard Growth ETF | 642.87 | 48,961.77 | 1.31% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
VCSH | Vanguard Short-Term Corporate Bond ETF | -1,557.40 | 24,322.53 | -6.40% |
SPY | SPDR S&P 500 ETF Trust | -1,343.39 | 315,360.31 | -0.43% |
IWM | iShares Russell 2000 ETF | -981.65 | 47,203.65 | -2.08% |
IEI | iShares 3-7 Year Treasury Bond ETF | -971.82 | 8,768.51 | -11.08% |
BIV | Vanguard Intermediate-Term Bond ETF | -754.16 | 12,986.02 | -5.81% |
XLE | Energy Select Sector SPDR Fund | -398.07 | 10,866.81 | -3.66% |
SIZE | iShares Edge MSCI U.S.A. Size Factor ETF | -370.58 | 1,290.14 | -28.72% |
IWD | iShares Russell 1000 Value ETF | -355.33 | 42,044.63 | -0.85% |
VTV | Vanguard Value ETF | -345.90 | 55,836.10 | -0.62% |
IYR | iShares U.S. Real Estate ETF | -332.87 | 4,156.80 | -8.01% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 2,911.22 | 2,590,453.41 | 0.11% |
International Equity | 2,786.08 | 911,694.05 | 0.31% |
U.S. Fixed Income | 5,588.41 | 773,497.93 | 0.72% |
International Fixed Income | 899.89 | 92,498.52 | 0.97% |
Commodities | 204.39 | 82,938.33 | 0.25% |
Currency | 26.52 | 1,396.28 | 1.90% |
Leveraged | 428.97 | 41,574.58 | 1.03% |
Inverse | 219.06 | 11,355.41 | 1.93% |
Asset Allocation | 175.06 | 11,023.02 | 1.59% |
Alternatives | 143.65 | 4,630.30 | 3.10% |
Total: | 13,383.25 | 4,521,061.83 | 0.30% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 14,156.07 | 2,590,453.41 | 0.55% |
International Equity | 6,910.75 | 911,694.05 | 0.76% |
U.S. Fixed Income | 11,444.01 | 773,497.93 | 1.48% |
International Fixed Income | 1,721.32 | 92,498.52 | 1.86% |
Commodities | 72.79 | 82,938.33 | 0.09% |
Currency | 32.45 | 1,396.28 | 2.32% |
Leveraged | 372.58 | 41,574.58 | 0.90% |
Inverse | 121.50 | 11,355.41 | 1.07% |
Asset Allocation | 208.72 | 11,023.02 | 1.89% |
Alternatives | 177.68 | 4,630.30 | 3.84% |
Total: | 35,217.87 | 4,521,061.83 | 0.78% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
ESGU | iShares ESG MSCI U.S.A. ETF | 632,842 | 3,909,311 | 617.74% |
ESGE | iShares ESG MSCI EM ETF | 947,028 | 5,352,401 | 565.18% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 70,979 | 308,752 | 434.99% |
SIZE | iShares Edge MSCI U.S.A. Size Factor ETF | 252,876 | 1,088,547 | 430.47% |
CSML | IQ Chaikin U.S. Small Cap ETF | 53,533 | 185,808 | 347.09% |
OSCV | Opus Small Cap Value ETF | 11,041 | 42,466 | 384.62% |
IXN | iShares Global Tech ETF | 85,483 | 288,312 | 337.27% |
SHYG | iShares 0-5 Year High Yield Corporate Bond ETF | 1,267,728 | 4,121,650 | 325.12% |
EMHY | iShares Emerging Markets High Yield Bond ETF | 134,298 | 471,273 | 350.92% |
UOCT | Innovator S&P 500 Ultra Buffer ETF - October | 22,417 | 72,718 | 324.38% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
POTX | Global X Cannabis ETF | 19.90% | 128,467 | 8.34 |
THCX | The Cannabis ETF | 15.15% | 282,000 | 20.26 |
MJ | ETFMG Alternative Harvest ETF | 14.05% | 8,286,264 | 812.52 |
CNBS | Amplify Seymour Cannabis ETF | 13.56% | 42,095 | 5.01 |
YOLO | AdvisorShares Pure Cannabis ETF | 11.35% | 373,942 | 50.20 |
TOKE | Cambria Cannabis ETF | 10.25% | 52,360 | 11.36 |
LIT | Global X Lithium & Battery Tech ETF | 6.86% | 1,234,712 | 539.35 |
PALL | Aberdeen Standard Physical Palladium Shares ETF | 6.32% | 143,657 | 367.57 |
NIB | iPath Bloomberg Cocoa Subindex Total Return ETN | 5.26% | 429,639 | 37.37 |
PBW | Invesco WilderHill Clean Energy ETF | 4.60% | 633,355 | 265.52 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
PALL | Aberdeen Standard Physical Palladium Shares ETF | 19.49% | 6.32% | 367.57 |
POTX | Global X Cannabis ETF | 11.98% | 19.90% | 8.34 |
CHIK | Global X MSCI China Information Technology ETF | 11.48% | 2.61% | 6.57 |
CHIC | Global X MSCI China Communication Services ETF | 10.78% | 1.22% | 23.93 |
CQQQ | Invesco China Technology ETF | 10.75% | 1.58% | 665.83 |
KWEB | KraneShares CSI China Internet ETF | 10.70% | 1.58% | 2,535.07 |
NGE | Global X MSCI Nigeria ETF | 10.69% | -0.18% | 43.49 |
THCX | The Cannabis ETF | 10.67% | 15.15% | 20.26 |
PBW | Invesco WilderHill Clean Energy ETF | 10.11% | 4.60% | 265.52 |
BUG | Global X Cybersecurity ETF | 9.77% | 2.21% | 2.70 |
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.