International ETFs Take Flight as Domestic Inflows Drop
Plus, domestic equity funds shed nearly $2 billion last week.
International bond and equity exchange-traded funds took center stage last week as investors shirked domestic product offerings.
ETFs brought in $8.2 billion in the week ending Friday, Jan. 27, 19.6% shy of the $10.2 billion that the investment vehicle pulled in the week prior.
Most of the inflows stemmed from international equity funds, which lured in $7.6 billion, the largest haul the asset class has seen thus far this year. International fixed income products took second place, posting $1.5 billion in inflows during the same period.
Funds that gained the most traction last week included the JPMorgan BetaBuilders Europe ETF (BBEU), the iShares Core MSCI International Developed Markets ETF (IDEV) and the Vanguard Total International Bond ETF (BNDX), which collectively attracted nearly $4 billion in assets, according to ETF.com data.
On the other side of the ledger, U.S equity funds bled nearly $2 billion, compared with the $382 million in outflows the asset class reported the week prior.
Meanwhile, U.S. fixed income funds shed $468 million last week, compared with the $4.5 billion that flocked into domestic bond funds in the week ending Jan. 20. This is the first time U.S. fixed income products have posted net losses since the week ending Sept. 23, 2022, according to ETF.com data.
Funds that lost the greatest assets last week included the SPDR S&P Biotech ETF (XBI), the iShares Core Dividend Growth ETF (DGRO) and the iShares Russell 1000 Growth ETF (IWF), whose collective losses totaled $3.3 billion, ETF.com data shows.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| BBEU | JPMorgan BetaBuilders Europe ETF | 2,478.59 | 6,734.56 | 36.80% |
| SPY | SPDR S&P 500 ETF Trust | 1,590.55 | 379,700.41 | 0.42% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 937.37 | 40,753.62 | 2.30% |
| JEPI | JPMorgan Equity Premium Income ETF | 894.19 | 19,603.43 | 4.56% |
| SQQQ | ProShares UltraPro Short QQQ | 857.77 | 4,787.63 | 17.92% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 787.02 | 10,413.96 | 7.56% |
| XLE | Energy Select Sector SPDR Fund | 725.12 | 44,227.10 | 1.64% |
| BNDX | Vanguard Total International Bond ETF | 700.92 | 47,132.43 | 1.49% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 635.53 | 15,152.56 | 4.19% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 593.61 | 24,711.59 | 2.40% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| XBI | SPDR S&P Biotech ETF | -1,151.18 | 8,220.20 | -14.00% |
| DGRO | iShares Core Dividend Growth ETF | -1,086.82 | 24,029.97 | -4.52% |
| IWF | iShares Russell 1000 Growth ETF | -1,067.56 | 60,646.27 | -1.76% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | -1,035.65 | 25,258.82 | -4.10% |
| QQQ | Invesco QQQ Trust | -931.43 | 155,004.40 | -0.60% |
| IWD | iShares Russell 1000 Value ETF | -858.82 | 53,922.88 | -1.59% |
| IWM | iShares Russell 2000 ETF | -806.71 | 54,554.99 | -1.48% |
| MUB | iShares National Muni Bond ETF | -561.50 | 32,611.06 | -1.72% |
| XLV | Health Care Select Sector SPDR Fund | -496.19 | 41,003.48 | -1.21% |
| PKW | Invesco BuyBack Achievers ETF | -480.14 | 1,097.36 | -43.75% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -1,970.20 | 4,065,932.91 | -0.05% |
| International Equity | 7,559.68 | 1,271,775.43 | 0.59% |
| U.S. Fixed Income | -468.91 | 1,206,407.79 | -0.04% |
| International Fixed Income | 1,458.05 | 147,816.81 | 0.99% |
| Commodities | 776.02 | 137,300.87 | 0.57% |
| Currency | -19.66 | 3,879.46 | -0.51% |
| Leveraged | 227.18 | 53,877.64 | 0.42% |
| Inverse | 1,077.58 | 23,647.58 | 4.56% |
| Asset Allocation | -342.64 | 16,410.67 | -2.09% |
| Alternatives | -53.47 | 8,896.88 | -0.60% |
| Total: | 8,243.63 | 6,935,946.04 | 0.12% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -5,392.97 | 4,065,932.91 | -0.13% |
| International Equity | 18,799.81 | 1,271,775.43 | 1.48% |
| U.S. Fixed Income | 21,269.41 | 1,206,407.79 | 1.76% |
| International Fixed Income | 5,036.58 | 147,816.81 | 3.41% |
| Commodities | 635.08 | 137,300.87 | 0.46% |
| Currency | -51.49 | 3,879.46 | -1.33% |
| Leveraged | -865.46 | 53,877.64 | -1.61% |
| Inverse | 4,027.16 | 23,647.58 | 17.03% |
| Asset Allocation | -1,301.85 | 16,410.67 | -7.93% |
| Alternatives | 105.18 | 8,896.88 | 1.18% |
| Total: | 42,261.46 | 6,935,946.04 | 0.61% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 10.28% | 2,264 | 12.35 |
| GREI | Goldman Sachs Future Real Estate and Infrastructure Equity ETF | 8.87% | 18,806 | 24.80 |
| LD | iPath Bloomberg Lead Subindex Total Return ETN | 8.26% | 3,575 | 1.30 |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 6.39% | 146,436 | 18.27 |
| GRN | iPath Series B Carbon ETN | 5.88% | 49,178 | 48.95 |
| EWZS | iShares MSCI Brazil Small-Cap ETF | 5.30% | 165,164 | 83.66 |
| SGG | iPath Series B Bloomberg Sugar Subindex Total Return ETN | 5.29% | 3,006 | 30.02 |
| JO | iPath Series B Bloomberg Coffee Subindex Total Return ETN | 5.18% | 129,374 | 58.19 |
| SLX | VanEck Steel ETF | 5.11% | 112,929 | 121.91 |
| FBZ | First Trust Brazil AlphaDEX Fund | 4.88% | 10,159 | 7.43 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| WGMI | Valkyrie Bitcoin Miners ETF | 85.46% | 1.69% | 4.02 |
| DAM | VanEck Digital Assets Mining ETF | 70.81% | -2.07% | 1.05 |
| DAPP | VanEck Digital Transformation ETF | 63.30% | -3.75% | 28.94 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 58.70% | -3.36% | 54.20 |
| IBLC | iShares Blockchain and Tech ETF | 52.62% | -2.71% | 6.16 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 52.13% | -2.40% | 2.76 |
| GFOF | Grayscale Future of Finance ETF | 46.69% | -3.68% | 5.03 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 45.90% | -0.82% | 10.02 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 41.63% | -1.24% | 24.10 |
| NFTZ | Defiance Digital Revolution ETF | 36.58% | -1.20% | 5.35 |
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.
