Weekly Inflows Nearly $12B As Stocks Approach Records

August 14, 2020

U.S. stocks barely missed setting record highs this week, but investors in ETFs remained bullish nonetheless. On net, $11.5 billion flowed into U.S.-listed ETFs during the week ending Thursday, August 13. Year-to-date inflows ticked up to $266 billion, nearly double the $136.8 billion seen at this same time a year ago.

Of this week's inflows, $5.6 billion headed into U.S. equity ETFs, $2.1 billion went into international equity ETFs and $3 billion flowed into U.S. fixed income ETFs. 

On Wednesday, the S&P 500 closed at 3,380, a mere 6 points below its all-time high set in February. The small-cap Russell 2000 got to within 7% of its record high, while tech stocks, which first broke to new highs in June, remained firm. 

The most popular U.S. equity ETFs this week included the Invesco QQQ Trust (QQQ), the iShares Russell 2000 ETF (IWM) and the Industrial Select Sector SDPR Fund (XLI).

Outflows From 'TLT' & 'GLD'

Meanwhile, bond ETFs sold off this week after a government report showed faster-than-expected consumer price inflation in July, spurring selling in the Treasury market. The U.S. 10-year Treasury bond yield jumped to a two-month high above 0.72% on Thursday, or about 22 basis points up from its all-time closing low from earlier this month (bond yields and prices move inversely).

Still, that didn't stop investors from adding cash to fixed income ETFs on the whole. We did, however, see outflows from certain bond funds that have had huge gains this year up until now, including the iShares 20+ Year Treasury Bond ETF (TLT)

TLT wasn't the only big winner to see profit taking this week. The SPDR Gold Trust (GLD) had outflows of $1 billion during the period. On Tuesday, spot gold prices tumbled $115, or 5.7%, to just over $1,900/oz. Two days earlier, prices had hit an all-time high of $2,075. Gold prices currently stand around $1,945. 

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
QQQ Invesco QQQ Trust 1,834.43 129,244.13 1.42%
IWM iShares Russell 2000 ETF 1,219.93 41,381.45 2.95%
XLI Industrial Select Sector SPDR Fund 695.64 11,330.35 6.14%
XLF Financial Select Sector SPDR Fund 614.98 18,516.82 3.32%
BND Vanguard Total Bond Market ETF 507.56 59,502.00 0.85%
VTI Vanguard Total Stock Market ETF 479.59 158,948.98 0.30%
VCSH Vanguard Short-Term Corporate Bond ETF 470.63 30,694.50 1.53%
VGK Vanguard FTSE Europe ETF 439.14 12,599.56 3.49%
VOO Vanguard S&P 500 ETF 431.27 159,981.83 0.27%
TIP iShares TIPS Bond ETF 403.44 22,751.23 1.77%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VUG Vanguard Growth ETF -1,214.78 59,842.70 -2.03%
GLD SPDR Gold Trust -1,002.82 77,759.46 -1.29%
TLT iShares 20+ Year Treasury Bond ETF -820.39 19,014.07 -4.31%
BIL SPDR Bloomberg Barclays 1-3 Month T-Bill ETF -315.79 14,026.86 -2.25%
IWF iShares Russell 1000 Growth ETF -273.18 58,231.05 -0.47%
SPYV SPDR Portfolio S&P 500 Value ETF -242.58 5,131.93 -4.73%
SPYG SPDR Portfolio S&P 500 Growth ETF -227.05 8,732.38 -2.60%
EWJ iShares MSCI Japan ETF -223.02 9,744.34 -2.29%
QUAL iShares Edge MSCI U.S.A. Quality Factor ETF -211.53 19,328.37 -1.09%
XLV Health Care Select Sector SPDR Fund -173.27 24,024.78 -0.72%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 5,623.90 2,659,668.35 0.21%
International Equity 2,145.03 859,915.01 0.25%
U.S. Fixed Income 3,037.88 914,577.80 0.33%
International Fixed Income 670.79 99,751.68 0.67%
Commodities -325.38 148,588.68 -0.22%
Currency 39.81 1,847.18 2.15%
Leveraged 194.16 37,669.59 0.52%
Inverse -5.47 14,415.31 -0.04%
Asset Allocation 64.86 10,818.35 0.60%
Alternatives 85.94 4,945.78 1.74%
Total: 11,531.51 4,752,197.74 0.24%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 73,189.93 2,659,668.35 2.75%
International Equity 454.31 859,915.01 0.05%
U.S. Fixed Income 123,465.53 914,577.80 13.50%
International Fixed Income 9,665.31 99,751.68 9.69%
Commodities 43,279.32 148,588.68 29.13%
Currency 517.68 1,847.18 28.03%
Leveraged 1,898.18 37,669.59 5.04%
Inverse 13,267.72 14,415.31 92.04%
Asset Allocation 753.12 10,818.35 6.96%
Alternatives -507.16 4,945.78 -10.25%
Total: 265,983.92 4,752,197.74 5.60%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GCE Claymore CEF Index-Linked GS Connect ETN 41.03% 11,491 24,024.78
BDRY Breakwave Dry Bulk Shipping ETF 7.76% 511,169 39.75
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 7.56% 7,964 9.78
DJCB ETRACS Bloomberg Commodity Index Total Return ETN Series B 7.09% 1,256 69.79
IEZ iShares U.S. Oil Equipment & Services ETF 6.58% 829,435 146.48
XES SPDR S&P Oil & Gas Equipment & Services ETF 6.33% 780,324 114.59
BMLP Dorsey Wright MLP Index ETN 6.00% 27,872 23.19
PXJ Invesco Dynamic Oil & Gas Services ETF 5.77% 134,622 8.09
OIH VanEck Vectors Oil Services ETF 5.68% 2,353,543 652.73
CARZ First Trust NASDAQ Global Auto Index Fund 5.59% 22,041 20.53

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XVZ iPath S&P 500 Dynamic VIX ETN 103.78% -1.50% 8.48
VIXM ProShares VIX Mid-Term Futures ETF 81.49% -1.50% 75.21
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 80.85% -1.76% 29.11
CLIX ProShares Long Online/Short Stores ETF 78.81% -4.73% 227.35
ONLN ProShares Online Retail ETF 78.17% -3.24% 281.06
ARKG ARK Genomic Revolution ETF 77.24% 3.08% 1,779.30
IBUY Amplify Online Retail ETF 75.34% -4.07% 908.46
ARKW ARK Next Generation Internet ETF 72.88% -1.97% 1,943.14
ARKK ARK Innovation ETF 71.35% 1.77% 6,760.08
TAN Invesco Solar ETF 70.16% -0.18% 1,088.85

 

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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