SPY's $19.7B Tops Weekly ETF Inflows; COWZ Led Outflows

SPY's big inflows were followed by QQQ's more than $3b haul, which was followed by JGLO and USHY.

James Rubin

Contributing Editor

Sep 30, 2024

Reviewed by: etf.com Staff

Edited by: Ron Day

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The SPDR S&P 500 ETF Trust (SPY) generated more than $19.7 billion in net inflows, dwarfing all U.S. ETFs for the week ending Sept. 27, amid encouraging economic and inflation news that sent major stock indexes to record highs.

The tech-focused Invesco QQQ Trust (QQQ) hauled in more than $3 billion in inflows, the second most for the same period, according to etf.com data. The JPMorgan Global Select Equity ETF (JGLO), which manages a portfolio of stocks covering developed and emerging markets, and fixed income-focused iShares Broad USD High Yield Corporate Bond ETF (USHY) both added more than $900 million net inflows.

Those increases occurred as the personal consumption expenditures price index (PCE), the U.S. central bank's favored measure of price trends, rose only slightly. The tepid PCE offered the latest evidence that inflation is waning sustainably as the Federal Reserve maintained in cutting the interest rate by 50 basis points earlier this month.

The 10 asset classes covered in etf.com's weekly tables hauled in more than $3 billion in net inflows, led by international equities and international fixed income funds. U.S. equities totaled more than $5 billion in net outflows for the week, although those funds have by far the most inflows year-to-date, over $336 billion.

The Pacer U.S. Cash Cows 100 ETF (COWZ), which tracks the Russell 1000 Index, and S&P-focused Vanguard 500 Index Fund (VOO) led in weekly outflows with $4.2 billion and $3.8 billion, according to etf.com data.

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($, mm)	AUM ($, mm)	AUM % Change<
SPY	SPDR S&P 500 ETF Trust	19,760.97	590,209.61	3.35
QQQ	Invesco QQQ Trust	3,098.59	297,190.39	1.04
JGLO	JPMorgan Global Select Equity ETF	913.07	4,730.90	19.30
USHY	iShares Broad USD High Yield Corporate Bond ETF	910.33	19,210.94	4.74
MDY	SPDR S&P MidCap 400 ETF Trust	752.30	23,302.61	3.23
VTWO	Vanguard Russell 2000 ETF	594.78	11,633.74	5.11
VXUS	Vanguard Total International Stock ETF	507.94	80,242.08	0.63
KWEB	KraneShares CSI China Internet ETF	477.59	5,575.85	8.57
BBIN	JPMorgan BetaBuilders International Equity ETF	472.34	5,066.54	9.32
SCHO	Schwab Short-Term U.S. Treasury ETF	460.44	11,569.08	3.98

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($, mm)	AUM ($, mm)	AUM % Change
COWZ	Pacer U.S. Cash Cows 100 ETF	-4,200.92	25,012.02	-16.80
VOO	Vanguard 500 Index Fund	-3,809.97	527,163.79	-0.72
IVV	iShares Core S&P 500 ETF	-2,913.86	527,492.68	-0.55
MOAT	VanEck Morningstar Wide Moat ETF	-2,454.07	16,099.87	-15.24
VTV	Vanguard Value ETF	-2,123.03	127,592.56	-1.66
VUG	Vanguard Growth ETF	-2,075.93	140,515.46	-1.48
VXF	Vanguard Extended Market ETF	-1,886.10	20,283.24	-9.30
VTI	Vanguard Total Stock Market ETF	-1,793.52	440,122.15	-0.41
IWM	iShares Russell 2000 ETF	-1,550.47	68,765.71	-2.25
VO	Vanguard Mid-Cap Index Fund	-1,075.21	69,523.47	-1.55

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	0.27	8,710.66	0.00%
Asset Allocation	205.19	20,626.61	0.99%
Commodities	315.83	162,118.35	0.19%
Currency	634.44	68,932.51	0.92%
International Equity	3,680.77	1,628,646.07	0.23%
International Fixed Income	1,992.72	223,793.49	0.89%
Inverse	554.94	13,106.06	4.23%
Leveraged	-1,038.63	115,323.93	-0.90%
U.S. Equity	-5,118.44	6,210,338.72	-0.08%
U.S. Fixed Income	1,851.85	1,553,368.07	0.12%
Total:	3,078.95	10,004,964.47	0.03%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	1,463.53	8,253.34	17.73%
Asset Allocation	1,401.35	19,723.28	7.11%
Commodities	-1,860.31	152,644.94	-1.22%
Currency	17,381.02	63,162.43	27.52%
International Equity	55,278.60	1,562,321.08	3.54%
International Fixed Income	40,351.54	214,280.10	18.83%
Inverse	1,753.03	13,021.28	13.46%
Leveraged	3,569.75	104,538.15	3.41%
U.S. Equity	336,005.26	6,042,328.63	5.56%
U.S. Fixed Income	150,469.15	1,523,884.26	9.87%
Total:	605,812.93	9,704,157.48	6.24%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
IOCT	Innovator International Developed Power Buffer ETF - October	19,103	310,506.00	1,625.44%%
FTC	First Trust Large Cap Growth AlphaDEX Fund	34,040	479,792.00	1,409.49%%
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	56,636	789,821.00	1,394.56%%
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	10,041	131,191.00	1,306.61%%
SPVU	Invesco S&P 500 Enhanced Value ETF	9,023	113,738.00	1,260.52%%
EAPR	Innovator Emerging Markets Power Buffer ETF - April	9,999	120,244.00	1,202.57%%
LSGR	Natixis Loomis Sayles Focused Growth ETF	16,539	196,547.00	1,188.42%%
USNZ	Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	11,420	135,587.00	1,187.29%%
RPAR	RPAR Risk Parity ETF	52,214	619,524.00	1,186.51%%
MEAR	BlackRock Short Maturity Municipal Bond ETF	102,584	1,193,612.00	1,163.54%%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
CNXT	VanEck ChiNext ETF	24.69%	94,862	15.06
KWEB	KraneShares CSI China Internet ETF	23.66%	300,010,978	5,575.85
PGJ	Invesco Golden Dragon China ETF	22.34%	1,096,808	138.69
MCH	Matthews China Active ETF	22.17%	558,583	26.63
CHIQ	Global X MSCI China Consumer Discretionary ETF	21.42%	890,824	221.10
KTEC	KraneShares Hang Seng TECH Index ETF	20.76%	315,299	9.27
CQQQ	Invesco China Technology ETF	20.63%	3,788,614	673.06
TCHI	iShares MSCI China Multisector Tech ETF	19.66%	130,059	7.04
TCHI	iShares MSCI China Multisector Tech ETF	19.66%	130,059	7.04
CGRO	CoreValues Alpha Greater China Growth ETF	19.36%	1,076	8.50

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
NVDY	YieldMax NVDA Option Income Strategy ETF	96.40%	3.99%	1,080.90
GBTC	Grayscale Bitcoin Trust ETF	66.94%	3.75%	14,298.11
GDMN	WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	56.25%	0.88%	11.16
DEFI	Hashdex Bitcoin ETF	45.75%		9.59
BITO	ProShares Bitcoin Strategy ETF	44.86%	3.74%	1,860.36
SMH	VanEck Semiconductor ETF	44.46%	3.69%	24,838.85
ARKC	ARK 21Shares Active On-Chain Bitcoin Strategy ETF	44.05%	-20.34%	2.34
BITC	Bitwise Bitcoin Strategy Optimum Roll ETF	43.63%		11.94
UTES	Virtus Reaves Utilities ETF	43.04%	0.63%	198.46
AUMI	Themes Gold Miners ETF	43.04%	-0.41%	2.34

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.

James Rubin

| Contact: [email protected]

James Rubin is a contributing editor for etf.com, where he produces the Morning Exchange and Weekly Exchange newsletters. A longtime financial writer, editor and book author, he formerly held positions as a news and markets editor for the Americas at CoinDesk, where he focussed on cryptocurrencies.

He provided editorial guidance for a Wall Street Journal best-selling book on Bitcoin and oversaw a startup newsroom focused on digital financial assets. He has edited for TheStreet and Unchained, where he wrote daily news stories about the trial of fallen crypto entrepreneur Sam Bankman-Fried. His writing has also appeared in The Hollywood Reporter, Forbes.com, AdWeek, Bankrate, The Financial Brand and The Wall Street Journal. He has also written for Forbes Insights and the Economist Intelligence Unit, including papers presented at World Economic Forums in Davos and Mumbai.

James is the co-author of The Urban Cyclist’s Survival Guide (Triumph Books) and has been interviewed about bike safety on a number of NPR affiliates. In a prior career, Rubin was a world-ranked tennis player, once competing in Wimbledon’s qualifying rounds. He speaks fluent German and is a graduate of the Columbia University Graduate School of Journalism and received his BA at Columbia University.

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