International ETFs Take Flight as Domestic Inflows Drop

Plus, domestic equity funds shed nearly $2 billion last week.  

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
BBEUJPMorgan BetaBuilders Europe ETF2,478.596,734.5636.80%
SPYSPDR S&P 500 ETF Trust1,590.55379,700.410.42%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF937.3740,753.622.30%
JEPIJPMorgan Equity Premium Income ETF894.1919,603.434.56%
SQQQProShares UltraPro Short QQQ857.774,787.6317.92%
IDEViShares Core MSCI International Developed Markets ETF787.0210,413.967.56%
XLEEnergy Select Sector SPDR Fund725.1244,227.101.64%
BNDXVanguard Total International Bond ETF700.9247,132.431.49%
SPDWSPDR Portfolio Developed World ex-US ETF635.5315,152.564.19%
IEFiShares 7-10 Year Treasury Bond ETF593.6124,711.592.40%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XBISPDR S&P Biotech ETF-1,151.188,220.20-14.00%
DGROiShares Core Dividend Growth ETF-1,086.8224,029.97-4.52%
IWFiShares Russell 1000 Growth ETF-1,067.5660,646.27-1.76%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-1,035.6525,258.82-4.10%
QQQInvesco QQQ Trust-931.43155,004.40-0.60%
IWDiShares Russell 1000 Value ETF-858.8253,922.88-1.59%
IWMiShares Russell 2000 ETF-806.7154,554.99-1.48%
MUBiShares National Muni Bond ETF-561.5032,611.06-1.72%
XLVHealth Care Select Sector SPDR Fund-496.1941,003.48-1.21%
PKWInvesco BuyBack Achievers ETF-480.141,097.36-43.75%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-1,970.204,065,932.91-0.05%
International Equity7,559.681,271,775.430.59%
U.S. Fixed Income-468.911,206,407.79-0.04%
International Fixed Income1,458.05147,816.810.99%
Commodities776.02137,300.870.57%
Currency-19.663,879.46-0.51%
Leveraged227.1853,877.640.42%
Inverse1,077.5823,647.584.56%
Asset Allocation-342.6416,410.67-2.09%
Alternatives-53.478,896.88-0.60%
Total:8,243.636,935,946.040.12%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-5,392.974,065,932.91-0.13%
International Equity18,799.811,271,775.431.48%
U.S. Fixed Income21,269.411,206,407.791.76%
International Fixed Income5,036.58147,816.813.41%
Commodities635.08137,300.870.46%
Currency-51.493,879.46-1.33%
Leveraged-865.4653,877.64-1.61%
Inverse4,027.1623,647.5817.03%
Asset Allocation-1,301.8516,410.67-7.93%
Alternatives105.188,896.881.18%
Total:42,261.466,935,946.040.61%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN10.28%2,26412.35
GREIGoldman Sachs Future Real Estate and Infrastructure Equity ETF8.87%18,80624.80
LDiPath Bloomberg Lead Subindex Total Return ETN8.26%3,5751.30
KEUAKraneShares European Carbon Allowance Strategy ETF6.39%146,43618.27
GRNiPath Series B Carbon ETN5.88%49,17848.95
EWZSiShares MSCI Brazil Small-Cap ETF5.30%165,16483.66
SGGiPath Series B Bloomberg Sugar Subindex Total Return ETN5.29%3,00630.02
JOiPath Series B Bloomberg Coffee Subindex Total Return ETN5.18%129,37458.19
SLXVanEck Steel ETF5.11%112,929121.91
FBZFirst Trust Brazil AlphaDEX Fund4.88%10,1597.43

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF85.46%1.69%4.02
DAMVanEck Digital Assets Mining ETF70.81%-2.07%1.05
DAPPVanEck Digital Transformation ETF63.30%-3.75%28.94
BITQBitwise Crypto Industry Innovators ETF58.70%-3.36%54.20
IBLCiShares Blockchain and Tech ETF52.62%-2.71%6.16
SATOInvesco Alerian Galaxy Crypto Economy ETF52.13%-2.40%2.76
GFOFGrayscale Future of Finance ETF46.69%-3.68%5.03
BITSGlobal X Blockchain and Bitcoin Strategy ETF45.90%-0.82%10.02
FDIGFidelity Crypto Industry and Digital Payments ETF41.63%-1.24%24.10
NFTZDefiance Digital Revolution ETF36.58%-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 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.