Total US ETF Assets Near $5T
U.S.-listed ETFs quickly approaching a major milestone in terms of assets.
Investor demand for ETFs continues unabated as U.S.-listed ETFs attracted more than $10 billion in new assets for the week ending Thursday, Sept. 3, taking the year to date haul to just under $290 billion for the year, far outpacing the total at this time last year.
Since July 1, ETFs have seen nearly $100 billion in inflows; the total assets in U.S. ETFs now stand at $4.9 trillion. At this rate, the $5 trillion threshold could easily be crossed by Halloween.
For this week, there were a few noteworthy ETFs in terms of flows. Value investors stood out, with $942 million in new assets landing in the iShares MSCI USA Value Factor ETF (VLUE), a 13.2% jump in assets under management (AUM) for the fund, and good enough to take the top spot in inflows for the week.
The usual suspects atop the creations leaderboard included the Vanguard S&P 500 ETF (VOO), with $881 million; the Invesco QQQ Trust (QQQ), with $785 million; and the fixed income safe haven iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which raked in $773 million.
Top ETFs For Redemptions
Ironically, some of the biggest equity ETFs were also leading the redemptions, including $2.5 billion exiting the SPDR Dow Jones Industrial Average ETF Trust (DIA), a drop of 9.38% in assets to $24 billion, and $1.8 billion flowing out of the largest ETF in the world, the SPDR S&P 500 ETF Trust (SPY), which holds $312 billion in AUM.
There also was a continuation of ETFs holding short- and near-term Treasuries: The PIMCO Enhanced Short Maturity Active ETF (MINT), shed $463 million and dropped its AUM to $13.9 billion; the iShares Short Maturity Bond ETF (NEAR) lost $260 million in assets to $5.4 billion; and the iShares 1-3 Year Treasury Bond ETF (SHY) saw $251 million go out of the gates to $21 billion.
In terms of asset classes, U.S. fixed income has seen $133 billion in new assets this year, expanding its lead over U.S. equity ETFs, which are the perennial leading asset class for flows, which stands at $75 billion.
Last year was the first year U.S. that fixed income attracted more news assets than U.S. equity, by a few billion. Clearly this year won’t be a close race.
For a full list of this week's top ETF inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VLUE | iShares MSCI USA Value Factor ETF | 942.19 | 7,122.83 | 13.23% |
| IWM | iShares Russell 2000 ETF | 889.08 | 42,590.88 | 2.09% |
| VOO | Vanguard S&P 500 ETF | 881.91 | 170,112.11 | 0.52% |
| QQQ | Invesco QQQ Trust | 785.29 | 144,566.67 | 0.54% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 773.39 | 57,525.84 | 1.34% |
| TQQQ | ProShares UltraPro QQQ | 764.32 | 10,134.23 | 7.54% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 760.05 | 10,676.75 | 7.12% |
| BND | Vanguard Total Bond Market ETF | 680.03 | 61,194.15 | 1.11% |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | 543.24 | 16,935.75 | 3.21% |
| VTI | Vanguard Total Stock Market ETF | 515.82 | 170,185.33 | 0.30% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -2,251.84 | 24,008.51 | -9.38% |
| SPY | SPDR S&P 500 ETF Trust | -1,842.89 | 312,603.71 | -0.59% |
| TLT | iShares 20+ Year Treasury Bond ETF | -859.64 | 18,099.16 | -4.75% |
| IVV | iShares Core S&P 500 ETF | -722.20 | 224,868.12 | -0.32% |
| MINT | PIMCO Enhanced Short Maturity Active ETF | -463.83 | 13,879.47 | -3.34% |
| IEF | iShares 7-10 Year Treasury Bond ETF | -280.93 | 19,369.15 | -1.45% |
| NEAR | iShares Short Maturity Bond ETF | -260.79 | 5,470.45 | -4.77% |
| SHY | iShares 1-3 Year Treasury Bond ETF | -250.92 | 21,076.71 | -1.19% |
| IBB | iShares NASDAQ Biotechnology ETF | -207.78 | 9,369.42 | -2.22% |
| BLV | Vanguard Long-Term Bond ETF | -180.37 | 5,405.93 | -3.34% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 2,550.88 | 2,794,639.66 | 0.09% |
| International Equity | 2,164.14 | 884,304.87 | 0.24% |
| U.S. Fixed Income | 3,378.19 | 924,370.63 | 0.37% |
| International Fixed Income | 957.11 | 101,978.03 | 0.94% |
| Commodities | 412.45 | 151,945.50 | 0.27% |
| Currency | 53.50 | 1,960.56 | 2.73% |
| Leveraged | 591.02 | 44,401.13 | 1.33% |
| Inverse | 141.94 | 13,397.97 | 1.06% |
| Asset Allocation | 70.86 | 11,150.82 | 0.64% |
| Alternatives | 165.77 | 5,441.54 | 3.05% |
| Total: | 10,485.84 | 4,933,590.72 | 0.21% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 75,127.47 | 2,794,639.66 | 2.69% |
| International Equity | 7,467.11 | 884,304.87 | 0.84% |
| U.S. Fixed Income | 133,023.52 | 924,370.63 | 14.39% |
| International Fixed Income | 11,741.05 | 101,978.03 | 11.51% |
| Commodities | 44,502.32 | 151,945.50 | 29.29% |
| Currency | 626.90 | 1,960.56 | 31.98% |
| Leveraged | 2,191.25 | 44,401.13 | 4.94% |
| Inverse | 13,766.33 | 13,397.97 | 102.75% |
| Asset Allocation | 885.13 | 11,150.82 | 7.94% |
| Alternatives | -171.17 | 5,441.54 | -3.15% |
| Total: | 289,159.92 | 4,933,590.72 | 5.86% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| VIXY | ProShares VIX Short-Term Futures ETF | 9.54% | 18,199,892 | 337.49 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 9.23% | 134,893,829 | 1,219.49 |
| IPO | Renaissance IPO ETF | 6.58% | 1,049,645 | 157.56 |
| PTF | Invesco DWA Technology Momentum ETF | 6.37% | 85,694 | 267.28 |
| AMOM | QRAFT AI-Enhanced U.S. Large Cap Momentum ETF | 5.95% | 30,331 | 4.72 |
| CCON | Direxion Connected Consumer ETF | 5.77% | 42,093 | 6.78 |
| PRNT | 3D Printing ETF | 5.75% | 142,267 | 47.24 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 5.66% | 1,172,608 | 642.58 |
| MID | American Century Mid Cap Growth Impact ETF | 5.57% | 2,978 | 642.58 |
| WCLD | WisdomTree Cloud Computing Fund | 5.42% | 3,427,099 | 787.41 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 109.72% | 9.23% | 1,219.49 |
| VIXY | ProShares VIX Short-Term Futures ETF | 109.25% | 9.54% | 337.49 |
| XVZ | iPath S&P 500 Dynamic VIX ETN | 101.90% | 0.73% | 9.49 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 97.42% | 5.03% | 98.84 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 96.86% | 4.82% | 31.43 |
| ARKW | ARK Next Generation Internet ETF | 85.15% | 3.78% | 2,613.97 |
| ARKK | ARK Innovation ETF | 79.44% | 4.99% | 8,897.99 |
| ONLN | ProShares Online Retail ETF | 76.38% | 1.44% | 333.22 |
| CLIX | ProShares Long Online/Short Stores ETF | 74.85% | 0.37% | 259.20 |
| FNGS | MicroSectors FANG+ ETN | 73.60% | 3.72% | 60.75 |
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.
