Growth Stocks Rebound, ETFs Add $17B

Year-to-date inflows now stand at $181.5 billion.

sumit
|
Senior ETF Analyst
|
Reviewed by: Sumit Roy
,
Edited by: Sumit Roy

Growth stocks steadied this week as investors grew more comfortable with the idea of higher interest rates. The popular ARK Innovation ETF (ARKK) jumped more than 7% from Friday to Friday, making up a big chunk of its recent losses.

The recovery in growth stocks helped the broader markets push to fresh record highs. The S&P 500 topped 3,960 for the first time ever on Thursday, lifting its year-to-date gain to 5.4%.

But even as growth stocks made up ground, investors remained enamored with the value, cyclical and small cap stocks that are most levered to economic growth.

The Energy Select Sector SPDR Fund (XLE) was the top flows winner of the week, with inflows of $1.5 billion, followed by iShares Russell 2000 ETF (IWM) with inflows of $1.4 billion.

Notably, two value ETFs, the iShares MSCI USA Value Factor ETF (VLUE) and the iShares Russell 2000 Value ETF (IWN), made the top 10 inflows list.

Net weekly inflows for all U.S.-listed ETFs in aggregate during the week were $16.5 billion, pushing year-to-date inflows up to $181.5 billion. That compares to $89.8 billion at this same time a year ago.

ARK ETFs Shed Assets

On the other hand, investors lightened up on yield-sensitive funds as rates pushed to new highs during the week. The 10-year Treasury bond yield hit 1.64% on Friday, a 14-month high.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) were among the largest flows losers of the week.

The SPDR Gold Trust (GLD), the ARK Genomic Revolution ETF (ARKG) and the ARK Next Generation Internet ETF (ARKW) also found themselves on the top outflows list.

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
XLEEnergy Select Sector SPDR Fund1,512.5424,051.986.29%
IWMiShares Russell 2000 ETF1,360.0972,475.491.88%
IVViShares Core S&P 500 ETF1,057.30255,984.440.41%
IEMGiShares Core MSCI Emerging Markets ETF955.1076,532.231.25%
PBUSInvesco PureBeta MSCI U.S.A. ETF859.15885.9196.98%
RSPInvesco S&P 500 Equal Weight ETF832.3222,628.733.68%
VLUEiShares MSCI USA Value Factor ETF814.2613,598.155.99%
IWNiShares Russell 2000 Value ETF797.8717,168.394.65%
VOOVanguard S&P 500 ETF791.72199,891.730.40%
QQQInvesco QQQ Trust773.75147,220.450.53%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-4,071.46333,863.42-1.22%
GLDSPDR Gold Trust-1,264.3658,220.82-2.17%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-1,027.2744,436.97-2.31%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-903.1616,584.34-5.45%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-770.9721,896.13-3.52%
VCITVanguard Intermediate-Term Corporate Bond ETF-655.3142,166.79-1.55%
ARKGARK Genomic Revolution ETF-475.209,345.29-5.08%
BIVVanguard Intermediate-Term Bond ETF-466.1814,198.38-3.28%
IYRiShares U.S. Real Estate ETF-457.384,254.07-10.75%
ARKWARK Next Generation Internet ETF-450.687,079.94-6.37%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity15,826.253,362,904.260.47%
International Equity3,500.901,154,995.090.30%
U.S. Fixed Income-1,241.76970,781.84-0.13%
International Fixed Income-529.01127,462.37-0.42%
Commodities-1,504.35131,994.96-1.14%
Currency-48.131,909.35-2.52%
Leveraged559.3051,511.831.09%
Inverse191.2211,923.481.60%
Asset Allocation54.1914,240.500.38%
Alternatives-259.736,148.47-4.22%
Total:16,548.875,833,872.150.28%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity77,821.723,362,904.262.31%
International Equity71,342.011,154,995.096.18%
U.S. Fixed Income23,015.52970,781.842.37%
International Fixed Income7,095.82127,462.375.57%
Commodities-4,282.65131,994.96-3.24%
Currency20.081,909.351.05%
Leveraged2,675.3151,511.835.19%
Inverse2,055.3911,923.4817.24%
Asset Allocation718.6214,240.505.05%
Alternatives1,035.626,148.4716.84%
Total:181,497.435,833,872.153.11%

 

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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.