Turmoil Doesn't Deter ETF Inflows

U.S. equity ETFs took in fresh cash even as share prices tumbled.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Despite another week of intense stock market volatility, exchange-traded fund investors didn’t flinch. Altogether, they added $3.7 billion to U.S.-listed ETFs, the first net inflow in three weeks.

Of the total inflows, U.S. equity ETFs garnered the largest share—$3.5 billion—even as stocks got hammered this week. At one point, the S&P 500 had all its gains for the year wiped out, and briefly entered correction territory, down more than 10% from its all-time high notched in September.

The iShares Core S&P 500 ETF (IVV), the SPDR S&P 500 ETF Trust (SPY) and the Communication Services Select Sector SPDR Fund (XLC) were among the biggest flows winners of the week.

Int'l Equity Investors Unfazed

ETF investors also added $1.2 billion to international equity ETFs, unfazed by the precipitous decline in international markets. The JPMorgan BetaBuilders Canada ETF (BBCA) and the JPMorgan BetaBuilders Japan ETF (BBJP) led inflows for this group.

Meanwhile, the area to see the largest outflows this week was U.S. fixed income, with a net $1.6 billion coming out of ETFs tied to that asset class. The benchmark U.S. 10-year Treasury yield sagged from 3.2% to as low as 3.06%, pushing prices for Treasuries higher.

That benefited funds like the iShares 1-3 Year Treasury Bond ETF (SHY), which picked up assets from investors.

Conversely, prices for higher-risk bonds, like corporate junk bonds, declined in tandem with the rout in equities. The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) appeared on the top outflows list for the week.

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

Contact Sumit Roy at [email protected]

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF2,608.96154,546.321.69%
SPYSPDR S&P 500 ETF Trust1,929.89251,946.890.77%
XLCCommunication Services Select Sector SPDR Fund960.123,643.7526.35%
SMHVanEck Vectors Semiconductor ETF601.331,339.0544.91%
JPSTJPMorgan Ultra-Short Income ETF499.383,228.5015.47%
BBCAJPMorgan BetaBuilders Canada ETF372.731,830.0620.37%
SHYiShares 1-3 Year Treasury Bond ETF290.2914,258.022.04%
TQQQProShares UltraPro QQQ225.003,721.616.05%
VBVanguard Small-Cap ETF221.9622,052.641.01%
BBJPJPMorgan BetaBuilders Japan ETF219.342,171.4510.10%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
HYGiShares iBoxx USD High Yield Corporate Bond ETF-739.4314,111.30-5.24%
QQQInvesco QQQ Trust-692.6064,725.48-1.07%
XLYConsumer Discretionary Select Sector SPDR Fund-578.0213,086.27-4.42%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-496.0831,615.81-1.57%
TLTiShares 20+ Year Treasury Bond ETF-433.167,798.86-5.55%
XLFFinancial Select Sector SPDR Fund-373.7627,437.07-1.36%
AGGiShares Core U.S. Aggregate Bond ETF-313.4153,086.62-0.59%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-301.987,869.07-3.84%
VXXiPath S&P 500 VIX Short-Term Futures ETN-301.63941.39-32.04%
FBTFirst Trust NYSE Arca Biotechnology Index Fund-299.512,662.34-11.25%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,487.491,967,460.970.18%
International Equity1,211.84731,277.080.17%
U.S. Fixed Income-1,645.44560,070.20-0.29%
International Fixed Income107.3965,381.530.16%
Commodities 167.5661,559.190.27%
Currency0.001,107.360.00%
Leveraged935.7533,423.922.80%
Inverse-266.3713,701.16-1.94%
Asset Allocation-7.858,918.10-0.09%
Alternatives-288.974,707.10-6.14%
Total:3,701.413,447,606.610.11%

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity91,974.191,967,460.974.67%
International Equity41,996.50731,277.085.74%
U.S. Fixed Income53,114.07560,070.209.48%
International Fixed Income10,132.8965,381.5315.50%
Commodities -460.5361,559.19-0.75%
Currency-77.471,107.36-7.00%
Leveraged5,955.7633,423.9217.82%
Inverse1,997.6213,701.1614.58%
Asset Allocation669.438,918.107.51%
Alternatives185.494,707.103.94%
Total:205,487.953,447,606.615.96%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
VTCVanguard Total Corporate Bond ETF12,78865,842514.87%
IQDGWisdomTree International Quality Dividend Growth10,88436,327333.76%
QQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index Fund12,37539,679320.65%
GBFiShares Government/Credit Bond ETF4,26312,627296.18%
SPYXSPDR S&P 500 Fossil Fuel Reserves Free ETF16,06446,528289.65%
IQDYFlexShares International Quality Dividend Dynamic Index Fund9,51427,489288.93%
ESGGFlexShares STOXX Global ESG Impact Index Fund1,6074,331269.43%
ISMDInspire Small/Mid Cap Impact ETF17,16746,113268.61%
XMXWisdomTree Global ex-Mexico Equity Fund18,11240,333222.69%
FBTFirst Trust NYSE Arca Biotechnology Index Fund436,106848,961194.67%

 

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.

 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.