Investors Add To ETFs Despite Stock Pullback
Investors added $6.8 billion to U.S.-listed ETFs this week.
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.
