Weekly ETF Inflows Solid Despite 'QQQ' Outflows

July 17, 2020

U.S. stocks hit their highest levels since early June this week as money continued to flow into U.S.-listed ETFs. On net, $11.7 billion entered the ETF space, led by a $3.3 billion haul for the SPDR S&P 500 ETF Trust (SPY). On Wednesday, the S&P 500 closed above 3,200 for the first time since June 9. 

Following this week's gains, year-to-date ETF inflows edged up to $230.1 billion, well ahead of last year's $122.1 billion pace.

Evenly Split 

This week's inflows were evenly distributed. U.S. equity ETFs picked up $3.8 billion of new money; international equity ETFs gathered $2.7 billion; and U.S. fixed income ETFs received $3.4 billion during the week ending Thursday, July 16.

In addition to the aforementioned SPY, the iShares Russell 2000 ETF (IWM) and the First Trust Capital Strength ETF (FTCS) were popular among equity investors.

At the same time, the Vanguard Total Bond Market ETF (BND), the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) were fixed income ETFs in favor.

Outflows From Tech 

On the outflows side, the Invesco QQQ Trust (QQQ) topped the list, with weekly redemptions totaling $2.5 billion. The tech-heavy ETF shed assets as investors took profits on high-flying technology shares.

A host of other sector ETFs, including the Utilities Select Sector SPDR Fund (XLU), the Real Estate Select Sector SPDR Fund (XLRE)  and the Materials Select Sector SPDR Fund (XLB) also saw outflows during the week.

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
SPY SPDR S&P 500 ETF Trust 3,290.15 287,591.63 1.14%
IWM iShares Russell 2000 ETF 2,045.14 39,403.11 5.19%
FTCS First Trust Capital Strength ETF 1,135.31 6,596.14 17.21%
BND Vanguard Total Bond Market ETF 725.71 57,471.58 1.26%
VTI Vanguard Total Stock Market ETF 697.86 150,433.89 0.46%
AGG iShares Core U.S. Aggregate Bond ETF 639.80 77,454.82 0.83%
XLF Financial Select Sector SPDR Fund 597.17 17,937.83 3.33%
VXUS Vanguard Total International Stock ETF 554.79 22,352.34 2.48%
DIA SPDR Dow Jones Industrial Average ETF Trust 454.03 22,754.74 2.00%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 428.64 27,982.95 1.53%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -2,520.26 121,719.06 -2.07%
XLU Utilities Select Sector SPDR Fund -601.16 10,957.50 -5.49%
MDYG SPDR S&P 400 Mid Cap Growth ETF -516.81 1,481.17 -34.89%
SHV iShares Short Treasury Bond ETF -487.21 22,002.09 -2.21%
XLRE Real Estate Select Sector SPDR Fund -449.14 3,341.08 -13.44%
XLB Materials Select Sector SPDR Fund -422.82 3,192.37 -13.24%
XLV Health Care Select Sector SPDR Fund -371.46 23,676.35 -1.57%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -352.76 56,535.41 -0.62%
VOO Vanguard S&P 500 ETF -301.99 153,699.06 -0.20%
IGV iShares Expanded Tech-Software Sector ETF -273.70 4,653.77 -5.88%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,789.15 2,533,777.35 0.15%
International Equity 2,740.30 827,818.53 0.33%
U.S. Fixed Income 3,418.30 891,939.89 0.38%
International Fixed Income 582.82 94,982.55 0.61%
Commodities ETFs 938.28 129,106.73 0.73%
Currency -36.39 1,502.31 -2.42%
Leveraged -320.84 35,738.36 -0.90%
Inverse 526.81 15,337.86 3.43%
Asset Allocation 29.86 10,185.98 0.29%
Alternatives 80.42 4,645.57 1.73%
Total: 11,748.71 4,545,035.14 0.26%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 72,354.42 2,533,777.35 2.86%
International Equity -6,467.20 827,818.53 -0.78%
U.S. Fixed Income 106,381.67 891,939.89 11.93%
International Fixed Income 6,262.96 94,982.55 6.59%
Commodities ETFs 35,796.11 129,106.73 27.73%
Currency 177.34 1,502.31 11.80%
Leveraged 3,404.04 35,738.36 9.52%
Inverse 12,824.23 15,337.86 83.61%
Asset Allocation 410.88 10,185.98 4.03%
Alternatives -1,001.85 4,645.57 -21.57%
Total: 230,142.60 4,545,035.14 5.06%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
MLPC C-Tracks Miller/Howard MLP Fundamental ETN 13.86% 11,397 48.86
PSCM Invesco S&P SmallCap Materials ETF 9.55% 3,420 8.16
XES SPDR S&P Oil & Gas Equipment & Services ETF 8.54% 1,071,967 99.60
RNSC First Trust Small Cap U.S. Equity Select ETF 7.98% 2,048 7.34
IEZ iShares U.S. Oil Equipment & Services ETF 7.53% 1,032,107 127.77
EWSC Invesco S&P SmallCap 600 Equal Weight ETF 7.30% 13,552 23.74
OIH VanEck Vectors Oil Services ETF 7.26% 2,960,478 505.08
BJK VanEck Vectors Gaming ETF 7.00% 172,509 49.83
MORT VanEck Vectors Mortgage REIT Income ETF 6.92% 507,448 170.75
PXI Invesco DWA Energy Momentum ETF 6.81% 130,842 31.96

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 110.05% 0.34% 856.88
VIXY ProShares VIX Short-Term Futures ETF 109.25% 0.30% 242.10
XVZ iPath S&P 500 Dynamic VIX ETN 98.67% 2.81% 7.78
VIXM ProShares VIX Mid-Term Futures ETF 89.90% 1.87% 67.59
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 89.63% 1.77% 30.85
ARKG ARK Genomic Revolution ETF 67.21% 3.33% 1,638.27
ARKW ARK Next Generation Internet ETF 62.65% -2.76% 1,797.12
CLIX ProShares Long Online/Short Stores ETF 61.02% -4.94% 211.20
ARKK ARK Innovation ETF 59.36% 0.05% 5,937.03
ONLN ProShares Online Retail ETF 55.76% -3.45% 219.79

 

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.

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