Investors Add To ETFs Despite Stock Pullback

Sumit Roy

Senior ETF Analyst

Sep 11, 2020

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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ETFs registered modest inflows this week despite rocky financial markets. On net, $6.8 billion entered U.S.-listed ETFs during the week ending Thursday, Sept. 10, according to the latest data from FactSet. That pushed year-to-date inflows up to $296 billion, ahead of the $173.5 billion seen at this same time a year ago.

This week's inflows were relatively evenly split between U.S. equity ETFs, international equity ETFs and U.S. fixed income ETFs.

The SPDR S&P 500 ETF Trust (SPY) was the top asset gatherer of the period, with inflows of $4.6 billion. The S&P 500 tumbled more than 7% off its all-time high this week as a sell-off in high-flying technology stocks weighed on the broader index.

Nevertheless, some traders used the pullback in tech stocks to buy. The ProShares UltraPro QQQ (TQQQ), which offers 3x leveraged exposure to the tech-heavy Nasdaq-100 index, picked up $829 million of new assets, bringing the geared fund's total assets under management to $8.5 billion.

The Nasdaq-100 was last trading nearly 12% below its all-time highs set just last week; steep sell-offs in names like Apple, Amazon and Nvidia have led the index's move lower.

For a full list of this week's top ETF inflows and outflows, see the tables below:

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	4,625.79	301,506.27	1.53%
TQQQ	ProShares UltraPro QQQ	829.08	8,471.37	9.79%
SHV	iShares Short Treasury Bond ETF	797.03	20,589.92	3.87%
VXUS	Vanguard Total International Stock ETF	638.42	25,245.66	2.53%
BND	Vanguard Total Bond Market ETF	610.01	61,561.53	0.99%
BNDX	Vanguard Total International Bond ETF	593.76	31,103.77	1.91%
VTI	Vanguard Total Stock Market ETF	560.22	161,903.67	0.35%
IEF	iShares 7-10 Year Treasury Bond ETF	475.41	19,781.08	2.40%
XLP	Consumer Staples Select Sector SPDR Fund	320.56	14,363.72	2.23%
IXUS	iShares Core MSCI Total International Stock ETF	311.89	21,190.55	1.47%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
TLT	iShares 20+ Year Treasury Bond ETF	-802.24	17,030.02	-4.71%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	-744.28	30,372.16	-2.45%
IWM	iShares Russell 2000 ETF	-624.67	40,220.01	-1.55%
XLU	Utilities Select Sector SPDR Fund	-494.48	11,944.10	-4.14%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-463.28	56,363.33	-0.82%
IWF	iShares Russell 1000 Growth ETF	-424.65	58,560.91	-0.73%
XLF	Financial Select Sector SPDR Fund	-360.81	18,063.74	-2.00%
DIA	SPDR Dow Jones Industrial Average ETF Trust	-360.04	22,693.30	-1.59%
XLE	Energy Select Sector SPDR Fund	-304.15	9,194.93	-3.31%
VUG	Vanguard Growth ETF	-296.28	60,506.04	-0.49%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	1,836.47	2,657,452.53	0.07%
International Equity	1,540.63	866,172.22	0.18%
U.S. Fixed Income	2,396.54	917,409.05	0.26%
International Fixed Income	717.23	107,878.26	0.66%
Commodities	341.59	150,920.37	0.23%
Currency	-37.26	1,917.62	-1.94%
Leveraged	556.44	38,219.85	1.46%
Inverse	-328.04	14,377.63	-2.28%
Asset Allocation	12.35	10,911.21	0.11%
Alternatives	-209.97	5,108.04	-4.11%
Total:	6,825.98	4,770,366.78	0.14%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	76,978.69	2,657,452.53	2.90%
International Equity	9,007.74	866,172.22	1.04%
U.S. Fixed Income	136,381.54	917,409.05	14.87%
International Fixed Income	11,496.80	107,878.26	10.66%
Commodities	44,843.91	150,920.37	29.71%
Currency	589.64	1,917.62	30.75%
Leveraged	2,752.93	38,219.85	7.20%
Inverse	13,434.92	14,377.63	93.44%
Asset Allocation	897.48	10,911.21	8.23%
Alternatives	-381.04	5,108.04	-7.46%
Total:	296,002.61	4,770,366.78	6.21%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
PGM	iPath Series B Bloomberg Platinum Subindex Total Return ETN	4.93%	5,481	4.19
GRU	Elements MLCX Grains Index-Total Return ETN	4.50%	4,247	3.10
EPHE	iShares MSCI Philippines ETF	4.38%	330,491	119.04
RING	iShares MSCI Global Gold Miners ETF	4.11%	479,436	575.87
SGDM	Sprott Gold Miners ETF	4.03%	134,085	303.52
CNCR	Loncar Cancer Immunotherapy ETF	3.79%	32,291	38.85
GDX	VanEck Vectors Gold Miners ETF	3.62%	84,204,979	18,256.23
EZA	iShares MSCI South Africa ETF	3.41%	1,900,315	329.55
BBC	Virtus LifeSci Biotech Clinical Trials ETF	3.33%	96,085	36.82
TAN	Invesco Solar ETF	3.32%	3,409,817	1,196.85

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
XVZ	iPath S&P 500 Dynamic VIX ETN	103.08%	-0.11%	9.40
VIXM	ProShares VIX Mid-Term Futures ETF	86.19%	-3.58%	96.56
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	85.96%	-3.84%	29.72
VXX	iPath Series B S&P 500 VIX Short Term Futures ETN	79.43%	-7.23%	988.67
VIXY	ProShares VIX Short-Term Futures ETF	78.92%	-7.76%	301.11
ARKW	ARK Next Generation Internet ETF	75.12%	-1.93%	2,234.50
ARKK	ARK Innovation ETF	71.51%	-0.54%	7,867.59
ONLN	ProShares Online Retail ETF	70.20%	-0.21%	299.00
ARKG	ARK Genomic Revolution ETF	70.20%	1.88%	1,940.13
CLIX	ProShares Long Online/Short Stores ETF	69.08%	-0.05%	237.64

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

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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.

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Investors Add To ETFs Despite Stock Pullback

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