International ETFs Take Flight as Domestic Inflows Drop

Jan 30, 2023

Reviewed by: Shubham Saharan

Edited by: Shubham Saharan

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.

Shubham Saharan

| Contact: [email protected]

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.

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International ETFs Take Flight as Domestic Inflows Drop

International ETFs Take Flight as Domestic Inflows Drop

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