Stock ETF Buying Spree Continued Last Week
Investors added $12.5 billion to U.S.-listed exchange-traded funds last week.
A down week in the markets didn’t stop investors from continuing their stock exchange-traded fund buying spree. Investors put $11.5 billion into U.S. equity ETFs last week, adding to a streak of strong inflows for U.S. stock funds.
Investors were unfazed by a minor 1.2% pullback in the S&P 500 and a brief foray into 16-year high territory for the two-year Treasury note yield.
On Thursday of last week, the two-year’s yield briefly touched 5.11%, a level it hadn’t seen since 2007.
Worries that the Fed might resume its rate hikes when it meets later this month caused some consternation among investors.
But those concerns didn’t register in the ETF flows. U.S. fixed income ETFs pulled in around half a billion dollars of fresh cash during the week ending Friday, July 7.
In aggregate, U.S.-listed ETFs gathered $12.5 billion of new money last week, bringing year-to-date net inflows up to $229.6 billion. For comparison, year-to-date inflows were $311.1 billion at this same time a year ago.
Investors Buy Into ‘OMFL’
Topping the inflows list for last week are two familiar funds—the iShares Core S&P 500 ETF (IVV) and the Invesco QQQ Trust (QQQ).
The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a more unusual name to make the list. It’s an ETF that selects stocks based on a combination of “five investment factors, which are weighted based on current macroeconomic conditions.”
Last week, the ETF had inflows of $1.5 billion, bringing its year-to-date haul to $3.3 billion.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
IVV | iShares Core S&P 500 ETF | 3,048.99 | 334,450.39 | 0.91% |
QQQ | Invesco QQQ Trust | 2,556.16 | 201,520.55 | 1.27% |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 1,471.73 | 5,760.64 | 25.55% |
RSP | Invesco S&P 500 Equal Weight ETF | 683.72 | 39,522.08 | 1.73% |
VTI | Vanguard Total Stock Market ETF | 656.68 | 308,078.61 | 0.21% |
SOXX | iShares Semiconductor ETF | 443.23 | 9,070.89 | 4.89% |
TLT | iShares 20+ Year Treasury Bond ETF | 433.11 | 38,925.40 | 1.11% |
XLC | Communication Services Select Sector SPDR Fund | 401.22 | 13,521.15 | 2.97% |
IWM | iShares Russell 2000 ETF | 400.95 | 53,584.97 | 0.75% |
BND | Vanguard Total Bond Market ETF | 396.55 | 93,324.69 | 0.42% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -1,803.96 | 417,353.99 | -0.43% |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -1,309.88 | 13,036.96 | -10.05% |
LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -726.73 | 35,477.17 | -2.05% |
VGT | Vanguard Information Technology ETF | -476.76 | 52,425.92 | -0.91% |
GLD | SPDR Gold Trust | -410.23 | 56,146.47 | -0.73% |
EWT | iShares MSCI Taiwan ETF | -325.94 | 3,811.65 | -8.55% |
DIA | SPDR Dow Jones Industrial Average ETF Trust | -274.57 | 28,831.32 | -0.95% |
TQQQ | ProShares UltraPro QQQ | -260.55 | 18,491.03 | -1.41% |
XBI | SPDR S&P Biotech ETF | -219.69 | 6,167.69 | -3.56% |
SPXL | Direxion Daily S&P 500 Bull 3X Shares | -217.10 | 2,863.70 | -7.58% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 11,475.21 | 4,354,571.28 | 0.26% |
International Equity | 523.65 | 1,264,494.79 | 0.04% |
U.S. Fixed Income | 546.81 | 1,240,343.29 | 0.04% |
International Fixed Income | 765.24 | 150,652.29 | 0.51% |
Commodities | -804.46 | 129,688.29 | -0.62% |
Currency | 43.77 | 2,958.53 | 1.48% |
Leveraged | -320.79 | 68,981.04 | -0.47% |
Inverse | 316.96 | 20,532.60 | 1.54% |
Asset Allocation | -26.46 | 15,623.19 | -0.17% |
Alternatives | -49.48 | 6,998.50 | -0.71% |
Total: | 12,470.45 | 7,254,843.80 | 0.17% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 77,186.17 | 4,354,571.28 | 1.77% |
International Equity | 49,439.83 | 1,264,494.79 | 3.91% |
U.S. Fixed Income | 89,569.51 | 1,240,343.29 | 7.22% |
International Fixed Income | 11,824.34 | 150,652.29 | 7.85% |
Commodities | -2,471.79 | 129,688.29 | -1.91% |
Currency | -1,089.48 | 2,958.53 | -36.83% |
Leveraged | 1,363.08 | 68,981.04 | 1.98% |
Inverse | 6,274.48 | 20,532.60 | 30.56% |
Asset Allocation | -2,424.59 | 15,623.19 | -15.52% |
Alternatives | -26.04 | 6,998.50 | -0.37% |
Total: | 229,645.52 | 7,254,843.80 | 3.17% |
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.