‘QQQ’ Leads Creations Charge

Appetite for ETFs remains ravenous.

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Reviewed by: Cinthia Murphy
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Edited by: Cinthia Murphy
Investor appetite for ETFs is still on a tear, with $25 billion in net new money landing across U.S.-listed ETFs in the week ending Thursday, April 15. That number brings total ETF net creations to some $294 billion so far in 2021—a record pace, and one that puts the milestone target of $1 trillion inflows in a year within sight.

U.S. equity markets had a positive week, with the S&P 500 and the Dow Jones Industrial Average both hitting new records Friday, and strong economic data supporting appetite for risk. A record-breaking initial public offering of Coinbase also added excitement to the week as investors chased the crypto exchange’s debut.

Funds like the Invesco QQQ Trust (QQQ) picked up some $2.5 billion this week, leading creations, as U.S. equity ETFs raked in more than $14 billion in net assets. Interestingly, the S&P 500’s technology sector lagged sectors such as health care, materials and consumer discretionary in the past week, but appetite for QQQ remains strong. So far this year, the fund has gathered more than $4.3 billion in net creations.  

Among the standouts, the First Trust Capital Strength ETF (FTCS), an equal-weighted fund that focuses on quality by investing in companies with strong balance sheets, picked up more than $2.1 billion in creations, pushing its assets under management up 22% in a week to $9.8 billion.

The actively managed newcomer, the BlackRock U.S. Carbon Transition Readiness ETF (LCTU), launched April 6, saw its AUM nearly double during the week, rising 98% to $1.2 billion in total assets. The fund’s immediate success in asset gathering is more evidence that investor appetite for strategies delivering on environmental, social and governance metrics is strong.

For the first time in a while, 2020’s fixed income darling, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), found itself among the most bought ETFs of the week.

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust2,566.44166,881.311.54%
FTCSFirst Trust Capital Strength ETF2,191.269,782.6222.40%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,738.3641,631.134.18%
VTIVanguard Total Stock Market ETF1,453.54235,196.710.62%
VOOVanguard S&P 500 ETF1,324.74215,994.750.61%
LCTUBlackRock U.S. Carbon Transition Readiness ETF1,268.951,282.4798.95%
BNDVanguard Total Bond Market ETF900.0072,660.051.24%
IEFAiShares Core MSCI EAFE ETF826.5590,802.380.91%
SPYSPDR S&P 500 ETF Trust585.35358,846.730.16%
XLEEnergy Select Sector SPDR Fund519.1823,097.212.25%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF-706.88272,512.47-0.26%
TQQQProShares UltraPro QQQ-571.0911,821.42-4.83%
XLCCommunication Services Select Sector SPDR Fund-557.8713,242.82-4.21%
IEURiShares Core MSCI Europe ETF-522.443,727.66-14.02%
XLPConsumer Staples Select Sector SPDR Fund-361.8310,464.46-3.46%
TLTiShares 20+ Year Treasury Bond ETF-357.7114,211.33-2.52%
BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF-315.6612,086.08-2.61%
VNQVanguard Real Estate ETF-280.2136,686.52-0.76%
IWFiShares Russell 1000 Growth ETF-270.6466,459.84-0.41%
IWDiShares Russell 1000 Value ETF-263.5152,209.70-0.50%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity14,101.413,577,975.830.39%
International Equity3,687.751,210,247.980.30%
U.S. Fixed Income6,642.45991,362.770.67%
International Fixed Income1,045.72132,844.040.79%
Commodities-306.35130,698.63-0.23%
Currency-64.241,832.89-3.50%
Leveraged-776.8256,879.67-1.37%
Inverse32.6211,035.490.30%
Asset Allocation75.5515,066.730.50%
Alternatives85.855,982.861.44%
Total:24,523.956,133,926.910.40%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity146,375.663,577,975.834.09%
International Equity92,046.391,210,247.987.61%
U.S. Fixed Income43,050.07991,362.774.34%
International Fixed Income12,305.23132,844.049.26%
Commodities-6,578.99130,698.63-5.03%
Currency-57.501,832.89-3.14%
Leveraged2,271.1856,879.673.99%
Inverse2,066.3911,035.4918.72%
Asset Allocation1,172.9615,066.737.79%
Alternatives1,388.895,982.8623.21%
Total:294,040.286,133,926.914.79%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
MLPOCredit Suisse S&P MLP Index ETN7.35%1,14221.32
BDRYBreakwave Dry Bulk Shipping ETF7.25%847,30657.51
IDIVU.S. Equity Cumulative Dividends Fund-Series 20276.74%119,83422.95
OILKProShares K-1 Free Crude Oil Strategy ETF6.04%151,13185.27
USOUnited States Oil Fund LP5.91%23,103,9963,113.00
OILiPath Pure Beta Crude Oil ETN5.88%79,88753.37
DBOInvesco DB Oil Fund5.55%2,509,577514.41
USLUnited States 12 Month Oil Fund LP5.50%171,408212.50
BNOUnited States Brent Oil Fund LP5.41%2,471,300340.36
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN5.22%26,41526.16

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
ACVFAmerican Conservative Values ETF37,036.68%1.18%6.25
BDRYBreakwave Dry Bulk Shipping ETF144.03%7.25%57.51
BLOKAmplify Transformational Data Sharing ETF59.46%-3.06%1,433.03
CNBSAmplify Seymour Cannabis ETF55.70%-6.15%141.02
PXEInvesco Dynamic Energy Exploration & Production ETF47.44%2.68%66.54
MJETFMG Alternative Harvest ETF46.89%-5.60%1,695.94
FCGFirst Trust Natural Gas ETF46.57%3.20%178.33
THCXThe Cannabis ETF44.16%-8.39%159.78
XRTSPDR S&P Retail ETF43.60%-0.01%682.06
PSCEInvesco S&P SmallCap Energy ETF43.57%4.13%129.45

 

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.

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.