Fixed Income ETFs Lead Weekly Inflows
Investors added a net $3.6 billion to U.S.-listed ETFs this week.
A fairly uneventful week in markets corresponded with a fairly uneventful week for ETF flows. On net, investors added a modest $3.6 billion to their holdings of U.S.-listed ETFs during the week ending Thursday, Nov. 21, according to FactSet.
Year-to-date inflows ticked up to $249.4 billion, staying ahead of last year’s $241.4 billion pace.
Fixed Income ETFs Back In Vogue
After taking money out of the space last week, investors resumed their purchases of fixed income ETFs. Around $3.6 billion flowed into U.S. fixed income ETFs, while $379 went into international fixed income ETFs.
The Vanguard Total Bond Market ETF (BND), the iShares Core 1-5 Year USD Bond ETF (ISTB) and the iShares 7-10 Year Treasury Bond ETF (IEF) were the most popular funds in the space this week. The benchmark 10-year Treasury yield hovered just above and below the 1.8% level during the period.
Meanwhile, investors pulled $3.3 billion out of U.S. equity ETFs, while stashing $2.8 billion into international equity ETFs. U.S. equity markets remained near record highs this week, but some investors saw more value in international stocks, which haven’t moved up as much this year.
The Vanguard FTSE Europe ETF (VGK) and the iShares Core MSCI EAFE ETF (IEFA) were the biggest international equity ETF flows winners of the period.
Yet it was a trio of U.S. equity funds that gathered the most assets, bucking the trend in the broader segment. The iShares Edge MSCI U.S.A. Size Factor ETF (SIZE), the Vanguard High Dividend Yield ETF (VYM) and the iShares Edge MSCI U.S.A Quality Factor ETF (QUAL) registered inflows of more than $600 million each.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SIZE | iShares Edge MSCI U.S.A. Size Factor ETF | 917.84 | 1,354.82 | 67.75% |
VYM | Vanguard High Dividend Yield ETF | 760.05 | 28,208.00 | 2.69% |
QUAL | iShares Edge MSCI U.S.A. Quality Factor ETF | 643.99 | 14,734.83 | 4.37% |
VGK | Vanguard FTSE Europe ETF | 541.94 | 13,870.97 | 3.91% |
IEFA | iShares Core MSCI EAFE ETF | 539.06 | 70,804.57 | 0.76% |
VOO | Vanguard S&P 500 ETF | 510.30 | 125,363.11 | 0.41% |
BND | Vanguard Total Bond Market ETF | 386.66 | 47,224.07 | 0.82% |
EWJ | iShares MSCI Japan ETF | 383.74 | 14,368.82 | 2.67% |
ISTB | iShares Core 1-5 Year USD Bond ETF | 367.48 | 3,314.55 | 11.09% |
IEF | iShares 7-10 Year Treasury Bond ETF | 290.51 | 19,071.44 | 1.52% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
QQQ | Invesco QQQ Trust | -1,793.25 | 81,051.80 | -2.21% |
XLU | Utilities Select Sector SPDR Fund | -985.63 | 10,815.51 | -9.11% |
SPY | SPDR S&P 500 ETF Trust | -908.54 | 280,485.63 | -0.32% |
IWM | iShares Russell 2000 ETF | -823.37 | 44,856.89 | -1.84% |
SPLV | Invesco S&P 500 Low Volatility ETF | -804.20 | 12,462.94 | -6.45% |
IVV | iShares Core S&P 500 ETF | -595.85 | 195,399.70 | -0.30% |
USMV | iShares Edge MSCI Min Vol U.S.A. ETF | -492.81 | 36,156.51 | -1.36% |
XLV | Health Care Select Sector SPDR Fund | -392.05 | 18,252.25 | -2.15% |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | -303.32 | 24,267.38 | -1.25% |
KRE | SPDR S&P Regional Banking ETF | -296.07 | 1,760.18 | -16.82% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -3,325.77 | 2,414,941.95 | -0.14% |
International Equity | 2,825.35 | 850,072.53 | 0.33% |
U.S. Fixed Income | 3,587.91 | 742,040.57 | 0.48% |
International Fixed Income | 379.49 | 86,948.65 | 0.44% |
Commodities ETFs | -283.92 | 78,931.57 | -0.36% |
Currency | 0.21 | 1,405.18 | 0.01% |
Leveraged | -110.92 | 36,933.18 | -0.30% |
Inverse | 341.72 | 12,356.53 | 2.77% |
Asset Allocation | 46.88 | 10,480.04 | 0.45% |
Alternatives | 93.70 | 4,746.82 | 1.97% |
Total: | 3,554.63 | 4,238,857.00 | 0.08% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 94,950.98 | 2,414,941.95 | 3.93% |
International Equity | 13,936.99 | 850,072.53 | 1.64% |
U.S. Fixed Income | 115,804.35 | 742,040.57 | 15.61% |
International Fixed Income | 17,443.63 | 86,948.65 | 20.06% |
Commodities ETFs | 7,998.42 | 78,931.57 | 10.13% |
Currency | -386.77 | 1,405.18 | -27.52% |
Leveraged | -7,578.66 | 36,933.18 | -20.52% |
Inverse | 5,614.29 | 12,356.53 | 45.44% |
Asset Allocation | 496.46 | 10,480.04 | 4.74% |
Alternatives | 1,158.97 | 4,746.82 | 24.42% |
Total: | 249,438.66 | 4,238,857.00 | 5.88% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
IMFP | Invesco Multi-Factor Core Plus Fixed Income ETF | 2,087 | 8,866 | 424.78% |
NFO | Invesco Insider Sentiment ETF | 3,691 | 13,072 | 354.19% |
ACIO | Aptus Collared Income Opportunity ETF | 21,919 | 88,703 | 404.68% |
BTEC | Principal Healthcare Innovators Index ETF | 718 | 2,244 | 312.43% |
TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund | 30,156 | 103,035 | 341.68% |
ERUS | iShares MSCI Russia ETF | 196,247 | 456,707 | 232.72% |
URA | Global X Uranium ETF | 75,627 | 151,620 | 200.48% |
DMRI | DeltaShares S&P International Managed Risk ETF | 698 | 1,136 | 162.72% |
CCOR | Cambria Core Equity ETF | 10,919 | 19,879 | 182.06% |
DFNL | Davis Select Financial ETF | 9,795 | 20,714 | 211.48% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
BBC | Virtus LifeSci Biotech Clinical Trials ETF | 6.39% | 10,960 | 26.41 |
SBIO | ALPS Medical Breakthroughs ETF | 4.15% | 147,004 | 185.03 |
POTX | Global X Cannabis ETF | 4.12% | 120,767 | 4.61 |
PALL | Aberdeen Standard Physical Palladium Shares ETF | 4.07% | 60,928 | 274.74 |
GNOM | Global X Genomics & Biotechnology ETF | 3.92% | 16,444 | 17.35 |
BTEC | Principal Healthcare Innovators Index ETF | 3.92% | 8,976 | 56.83 |
BBP | Virtus LifeSci Biotech Products ETF | 3.82% | 14,836 | 26.89 |
YOLO | AdvisorShares Pure Cannabis ETF | 3.81% | 318,096 | 42.64 |
ARKG | ARK Genomic Revolution ETF | 3.72% | 476,265 | 441.89 |
IDNA | iShares Genomics Immunology and Healthcare ETF | 3.54% | 7,036 | 25.06 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
INR | Market Vectors-Indian Rupee/USD ETN | 68.83% | 0.00% | 0.48 |
SMH | VanEck Vectors Semiconductor ETF | 50.26% | -1.26% | 1,481.38 |
XSD | SPDR S&P Semiconductor ETF | 49.55% | -2.65% | 410.49 |
ITB | iShares U.S. Home Construction ETF | 49.49% | 0.49% | 1,254.23 |
SOXX | iShares PHLX Semiconductor ETF | 48.21% | -1.90% | 2,079.97 |
CHIS | Global X MSCI China Consumer Staples ETF | 47.66% | 0.21% | 7.52 |
TAN | Invesco Solar ETF | 47.33% | -1.22% | 390.67 |
FTXL | First Trust Nasdaq Semiconductor ETF | 46.85% | -3.69% | 42.02 |
INDS | Pacer Benchmark Industrial Real Estate SCTR ETF | 43.64% | 1.04% | 35.97 |
GREK | Global X MSCI Greece ETF | 42.88% | 0.00% | 333.78 |
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.