Nearly $9B Flowed Into ETFs Last Week
Year-to-date inflows ticked up to $267.1 billion.
Investors continued to tiptoe into ETFs last week as the U.S. stock market pulled further away from bear market territory. On net, $8.8 billion flowed into U.S.-listed ETFs during the holiday-shortened week ending Friday, June 3.
Year-to-date inflows are now $267.1 billion, a solid showing for any normal year, though considerably below last year’s record-breaking $403 billion pace.
Last week’s inflows were led by U.S. equity ETFs, which picked up $6.4 billion of new money. That included $1.9 billion for the iShares Core S&P 500 ETF (IVV), $1.3 billion for the Vanguard S&P 500 ETF (VOO) and $661 million for the Health Care Select Sector SPDR Fund (XLV).
After testing the down-20% threshold several times in May, the S&P 500 has climbed more than 6% off its lows, providing some much-needed breathing room for investors.
Meanwhile, U.S. fixed income ETFs also registered net inflows during the week, picking up $2.5 billion.
Bond prices remain under pressure this year, with the 10-year Treasury yield last trading around 3% (bond prices and yields move inversely).
The SPDR Bloomberg High Yield Bond ETF (JNK), the iShares Broad USD High Yield Corporate Bond ETF (USHY) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) led all fixed income ETFs in terms of weekly inflows.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IVV | iShares Core S&P 500 ETF | 1,907.03 | 306,101.94 | 0.62% |
| VOO | Vanguard S&P 500 ETF | 1,344.08 | 264,596.59 | 0.51% |
| JNK | SPDR Bloomberg High Yield Bond ETF | 1,017.86 | 8,306.10 | 12.25% |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | 900.24 | 7,785.98 | 11.56% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 855.46 | 34,888.05 | 2.45% |
| SHY | iShares 1-3 Year Treasury Bond ETF | 833.38 | 25,411.83 | 3.28% |
| IEI | iShares 3-7 Year Treasury Bond ETF | 684.44 | 10,798.50 | 6.34% |
| XLV | Health Care Select Sector SPDR Fund | 660.77 | 39,402.53 | 1.68% |
| SQQQ | ProShares UltraPro Short QQQ | 626.04 | 3,134.31 | 19.97% |
| VTI | Vanguard Total Stock Market ETF | 567.02 | 269,651.02 | 0.21% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -3,226.87 | 378,181.91 | -0.85% |
| BBEU | JPMorgan BetaBuilders Europe ETF | -1,926.91 | 7,072.71 | -27.24% |
| QQQ | Invesco QQQ Trust | -1,913.70 | 168,734.41 | -1.13% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | -1,567.98 | 17,534.48 | -8.94% |
| SHV | iShares Short Treasury Bond ETF | -1,124.81 | 18,687.85 | -6.02% |
| MINT | PIMCO Enhanced Short Maturity Active ETF | -739.28 | 11,482.41 | -6.44% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -700.17 | 14,334.25 | -4.88% |
| JPST | JPMorgan Ultra-Short Income ETF | -649.67 | 18,546.79 | -3.50% |
| XLI | Industrial Select Sector SPDR Fund | -596.21 | 14,055.25 | -4.24% |
| VONV | Vanguard Russell 1000 Value ETF | -550.45 | 6,657.73 | -8.27% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 6,358.44 | 3,980,996.39 | 0.16% |
| International Equity | -1,263.20 | 1,211,028.75 | -0.10% |
| U.S. Fixed Income | 2,547.21 | 1,086,434.59 | 0.23% |
| International Fixed Income | 696.69 | 143,928.71 | 0.48% |
| Commodities | -399.69 | 163,560.12 | -0.24% |
| Currency | -221.76 | 3,903.75 | -5.68% |
| Leveraged | -193.40 | 56,084.37 | -0.34% |
| Inverse | 1,255.28 | 19,077.77 | 6.58% |
| Asset Allocation | 11.68 | 18,284.30 | 0.06% |
| Alternatives | 39.32 | 7,637.74 | 0.51% |
| Total: | 8,830.59 | 6,690,936.49 | 0.13% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 104,186.83 | 3,980,996.39 | 2.62% |
| International Equity | 55,940.92 | 1,211,028.75 | 4.62% |
| U.S. Fixed Income | 57,331.38 | 1,086,434.59 | 5.28% |
| International Fixed Income | 6,785.24 | 143,928.71 | 4.71% |
| Commodities | 17,209.94 | 163,560.12 | 10.52% |
| Currency | 1,176.82 | 3,903.75 | 30.15% |
| Leveraged | 16,665.31 | 56,084.37 | 29.71% |
| Inverse | 6,289.13 | 19,077.77 | 32.97% |
| Asset Allocation | 824.05 | 18,284.30 | 4.51% |
| Alternatives | 651.07 | 7,637.74 | 8.52% |
| Total: | 267,060.69 | 6,690,936.49 | 3.99% |
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.
