Value Stock, Bond ETFs Flows Jumped After Fed Rate Hike

Vanguard's VTV took in $2.73 billion last week, while SPY had outflows of $1.48 billion.

RonDay
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Managing Editor
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Reviewed by: Ron Day
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Edited by: Ron Day

Investors are hunting for bargains even after the rally that kicked off 2023 has erased part of last year’s double-digit decline in the S&P 500.

The Vanguard Value ETF (VTV), which is up only about 1% so far this year, led all funds’ inflows last week when it took in $2.73 billion, according to ETF.com data. The No. 2 spot went to the BNY Mellon US Large Cap Core Equity ETF (BKLC); that fund’s assets under management surged 69% as it took in $1.23 billion.

Even after last week’s gain in the S&P 500, the world’s biggest ETF, the SPDR S&P 500 ETF Trust (SPY) had the biggest outflows, at $1.48 billion. Despite another Federal Reserve interest rate hike on Wednesday, a corporate bond fund, the Shares iBoxx USD Investment Grade Corporate Bond ETF (LQD), had the second biggest outflows, at $1.47 billion.

Among asset classes, U.S. equities held the top spot, bringing in $8.24 billion. The top performer was the $1.54 million VanEck Digital Mining ETF (DAM), which gained 20%.

 

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VTVVanguard Value ETF2,733.74105,968.682.58%
BKLCBNY Mellon US Large Cap Core Equity ETF1,228.501,787.9468.71%
XLFFinancial Select Sector SPDR Fund1,200.4834,692.903.46%
QQQInvesco QQQ Trust1,150.99165,856.310.69%
SQQQProShares UltraPro Short QQQ1,049.024,961.5821.14%
HYGiShares iBoxx USD High Yield Corporate Bond ETF859.6219,588.494.39%
IEMGiShares Core MSCI Emerging Markets ETF735.2872,867.951.01%
JEPIJPMorgan Equity Premium Income ETF636.4120,122.563.16%
IWMiShares Russell 2000 ETF600.6757,994.071.04%
BBEUJPMorgan BetaBuilders Europe ETF589.067,378.847.98%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,484.58389,408.23-0.38%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-1,468.3339,634.74-3.70%
IEFiShares 7-10 Year Treasury Bond ETF-1,256.0623,582.02-5.33%
IWFiShares Russell 1000 Growth ETF-886.2362,674.73-1.41%
XLEEnergy Select Sector SPDR Fund-722.3240,231.04-1.80%
EEMViShares MSCI Emerging Markets Min Vol Factor ETF-710.726,062.02-11.72%
BILSPDR Bloomberg 1-3 Month T-Bill ETF-622.4524,565.57-2.53%
IWDiShares Russell 1000 Value ETF-539.8254,248.64-1.00%
TQQQProShares UltraPro QQQ-533.7514,068.35-3.79%
EFAiShares MSCI EAFE ETF-516.4549,093.90-1.05%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity8,244.274,199,394.350.20%
International Equity4,325.561,281,242.620.34%
U.S. Fixed Income-1,552.851,210,020.77-0.13%
International Fixed Income1,063.23149,913.680.71%
Commodities322.27136,663.900.24%
Currency-56.843,848.91-1.48%
Leveraged-444.4257,726.14-0.77%
Inverse1,756.2423,444.587.49%
Asset Allocation-44.4816,608.35-0.27%
Alternatives-45.138,756.70-0.52%
Total:13,567.837,087,619.980.19%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity2,851.294,199,394.350.07%
International Equity23,136.691,281,242.621.81%
U.S. Fixed Income19,716.561,210,020.771.63%
International Fixed Income6,099.81149,913.684.07%
Commodities957.35136,663.900.70%
Currency-108.333,848.91-2.81%
Leveraged-1,309.8857,726.14-2.27%
Inverse5,783.4023,444.5824.67%
Asset Allocation-1,346.3316,608.35-8.11%
Alternatives60.058,756.700.69%
Total:55,840.627,087,619.980.79%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
DAMVanEck Digital Assets Mining ETF20.16%32,6101.54
BITQBitwise Crypto Industry Innovators ETF19.63%867,01363.02
DAPPVanEck Digital Transformation ETF19.22%595,70433.58
SATOInvesco Alerian Galaxy Crypto Economy ETF19.00%13,4783.21
IBLCiShares Blockchain and Tech ETF18.97%31,4117.09
GFOFGrayscale Future of Finance ETF18.90%11,9235.80
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF18.04%288,27619.81
WGMIValkyrie Bitcoin Miners ETF17.62%388,1636.49
FDIGFidelity Crypto Industry and Digital Payments ETF17.51%159,34027.81
ARKWARK Next Generation Internet ETF16.31%3,109,8691,396.79

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF85.46%17.62%6.49
DAMVanEck Digital Assets Mining ETF70.81%20.16%1.54
DAPPVanEck Digital Transformation ETF63.30%19.22%33.58
BITQBitwise Crypto Industry Innovators ETF58.70%19.63%63.02
IBLCiShares Blockchain and Tech ETF52.62%18.97%7.09
SATOInvesco Alerian Galaxy Crypto Economy ETF52.13%19.00%3.21
GFOFGrayscale Future of Finance ETF46.69%18.90%5.80
BITSGlobal X Blockchain and Bitcoin Strategy ETF45.90%10.88%10.95
FDIGFidelity Crypto Industry and Digital Payments ETF41.63%17.51%27.81
NFTZDefiance Digital Revolution ETF36.58%14.71%5.40

 

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.

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.