VOO & SMH Lead Weekly Inflows of $25.2 Billion
Fixed income ETFs also saw strong demand.
Investors poured $25.2 billion into US-listed ETFs during the week ending Friday, May 22, a solid if relatively modest haul by the standards of this year's blistering pace. Even so, it was enough to push year-to-date inflows toward $760 billion.
Interestingly, US fixed income ETFs led the way with $13.2 billion of inflows. The recent selloff in bonds and the accompanying rise in yields may have made the asset class more attractive to some investors hunting for income.
US equity ETFs followed with $7.9 billion. The stock market continues to roar higher, notching record after record, and is now up double digits at roughly 10% on the year.
International fixed income came next with $3.2 billion of weekly inflows, while international equity ETFs saw a rare outflow of $1.2 billion. Currency ETFs lost $1.6 billion and commodities ETFs shed $270 million.
VOO, SMH Gather Assets
Among individual funds, the Vanguard S&P 500 ETF (VOO) topped the list with $4 billion of inflows, followed by the iShares 0-3 Month Treasury Bond ETF (SGOV) at $2.3 billion and the Invesco QQQ Trust (QQQ) at $2.1 billion.
The VanEck Semiconductor ETF (SMH) also made an appearance, pulling in $1.5 billion as chip stocks continue to go parabolic.
On the outflows side, the ARK Innovation ETF (ARKK) sat at the top with $5.7 billion of outflows. That reverses big inflows from the week before, which suggests some kind of tax-related heartbeat trade or arbitrage trade was at work. We saw something similar back in April.
The ARK Autonomous Technology & Robotics ETF (ARKQ) and the ARK Next Generation Internet ETF (ARKW) showed the same pattern, with nearly $900 million and $581 million of outflows, respectively.
Another notable name on the outflows list was the iShares Bitcoin Trust ETF (IBIT), which shed $1.1 billion. This one looks like legitimate selling, as bitcoin prices pulled back over the week, though the ETF is still sitting on $2.7 billion of year-to-date inflows.
For a full list of the top inflows and outflows from last week, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| VOO | Vanguard S&P 500 ETF | 4,015.44 | 969,750.14 | 0.41 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 2,297.80 | 90,968.29 | 2.53 |
| QQQ | Invesco QQQ Trust Series I | 2,140.81 | 474,291.07 | 0.45 |
| BND | Vanguard Total Bond Market ETF | 1,898.40 | 155,673.36 | 1.22 |
| SMH | VanEck Semiconductor ETF | 1,458.45 | 65,837.97 | 2.22 |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 1,279.46 | 43,966.65 | 2.91 |
| BNDX | Vanguard Total International Bond ETF | 1,149.83 | 80,586.93 | 1.43 |
| VTI | Vanguard Total Stock Market ETF | 1,094.66 | 646,596.03 | 0.17 |
| IEFA | iShares Core MSCI EAFE ETF | 865.18 | 184,719.30 | 0.47 |
| QQQM | Invesco NASDAQ 100 ETF | 845.82 | 92,969.39 | 0.91 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| ARKK | ARK Innovation ETF | -5,661.03 | 6,462.34 | -87.60 |
| SPY | SPDR S&P 500 ETF Trust | -5,171.43 | 765,785.43 | -0.68 |
| IWM | iShares Russell 2000 ETF | -2,678.88 | 75,530.34 | -3.55 |
| IVV | iShares Core S&P 500 ETF | -1,366.90 | 828,823.85 | -0.16 |
| IBIT | iShares Bitcoin Trust ETF | -1,075.30 | 62,384.83 | -1.72 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -897.37 | 2,241.49 | -40.03 |
| XLF | Financial Select Sector SPDR Fund | -875.79 | 49,798.49 | -1.76 |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -858.51 | 16,158.64 | -5.31 |
| XLE | Energy Select Sector SPDR Fund | -677.95 | 40,848.91 | -1.66 |
| ARKW | ARK Next Generation Internet ETF | -581.28 | 1,735.75 | -33.49 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 1,190.47 | 131,835.59 | 0.90% |
| Asset Allocation | 155.91 | 40,353.97 | 0.39% |
| Commodities E T Fs | -270.46 | 356,097.59 | -0.08% |
| Currency | -1,573.49 | 123,730.06 | -1.27% |
| International Equity | -1,150.51 | 2,774,117.09 | -0.04% |
| International Fixed Income | 3,245.83 | 418,525.16 | 0.78% |
| Inverse | -125.59 | 14,979.18 | -0.84% |
| Leveraged | 2,675.98 | 192,699.77 | 1.39% |
| Us Equity | 7,901.48 | 9,238,972.99 | 0.09% |
| Us Fixed Income | 13,184.48 | 2,076,506.15 | 0.63% |
| Total: | 25,234.08 | 15,367,817.57 | 0.16% |
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.
