'DIA' Leads Weekly ETF Inflows

August 28, 2020

Just over $9 billion of new money flowed into U.S.-listed ETFs this week as stock markets continued their march into record high territory. Year-to-date inflows moved up to $278.6 billion, compared to $144.4 billion at this same time a year ago.

Of this week's inflows, $1.5 billion headed for U.S. equity ETFs, led by a sizable $2 billion inflow for the SPDR Dow Jones Industrial Average ETF (DIA).

Earlier this week, S&P Dow Jones Indices announed that the venerable Dow Jones Industrial Average would be shaken up quite dramatically. Exxon, Pfizer and Raytheon will be replaced by Salesforce, Amgen and Honeywell in the index. The reshuffling is meant to boost the tech exposure of the Dow on the heels of Apple's upcoming share split, which will reduce the tech giant's weighting in the Dow substantially. 

(Use our stock finder tool to find an ETF’s allocation to a certain stock.)

Presumably, investors liked the announcement, judging by the inflows into the Dow-tracking DIA.

Inflows For Fixed Income ETFs

Meanwhile, U.S. fixed income ETFs also saw solid inflows this week, picking up $4.7 billion of fresh cash. That includes inflows of nearly $800 million for the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and $637 million for the Vanguard Total Bond Market ETF (BND).

The U.S. 10-year Treasury bond yield spiked to around 0.75% this week, even as Fed Chairman Powell suggested that the central bank would be comfortable letting inflation run above its 2% target for certain periods to make up for it running below its target in other periods. This new regime of average inflation targeting is a notable shift in the Federal Reserve's policy and may lead to interest rates staying lower for longer. 

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
DIA SPDR Dow Jones Industrial Average ETF Trust 2,043.15 25,574.13 7.99%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 795.44 31,258.16 2.54%
BND Vanguard Total Bond Market ETF 637.24 60,354.73 1.06%
VTI Vanguard Total Stock Market ETF 560.20 164,684.92 0.34%
HYLB Xtrackers USD High Yield Corporate Bond ETF 483.30 6,368.88 7.59%
VCSH Vanguard Short-Term Corporate Bond ETF 472.22 31,542.41 1.50%
BSV Vanguard Short-Term Bond ETF 423.52 26,479.31 1.60%
VCIT Vanguard Intermediate-Term Corporate Bond ETF 383.99 38,626.61 0.99%
USO United States Oil Fund LP 378.75 4,630.00 8.18%
XLV Health Care Select Sector SPDR Fund 331.71 24,398.96 1.36%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,572.61 305,455.43 -0.84%
SHV iShares Short Treasury Bond ETF -1,051.79 19,795.68 -5.31%
SPLV Invesco S&P 500 Low Volatility ETF -438.48 9,133.35 -4.80%
QQQ Invesco QQQ Trust -374.73 138,560.42 -0.27%
TLT iShares 20+ Year Treasury Bond ETF -282.63 18,834.46 -1.50%
USMV iShares MSCI USA Min Vol Factor ETF -237.80 34,610.86 -0.69%
XBI SPDR S&P Biotech ETF -236.74 5,476.40 -4.32%
MUB iShares National Muni Bond ETF -232.39 18,037.96 -1.29%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -163.35 56,304.16 -0.29%
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF -144.89 2,025.25 -7.15%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,479.48 2,713,823.17 0.05%
International Equity 1,594.45 877,764.48 0.18%
U.S. Fixed Income 4,721.41 919,414.76 0.51%
International Fixed Income 454.21 100,619.30 0.45%
Commodities 710.99 150,062.33 0.47%
Currency 11.98 1,903.77 0.63%
Leveraged -119.18 40,780.32 -0.29%
Inverse 186.79 14,024.92 1.33%
Asset Allocation 44.72 10,944.98 0.41%
Alternatives 67.97 5,080.13 1.34%
Total: 9,152.84 4,834,418.16 0.19%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 72,573.31 2,713,823.17 2.67%
International Equity 5,301.26 877,764.48 0.60%
U.S. Fixed Income 129,594.28 919,414.76 14.10%
International Fixed Income 10,783.95 100,619.30 10.72%
Commodities 44,089.87 150,062.33 29.38%
Currency 573.40 1,903.77 30.12%
Leveraged 1,600.23 40,780.32 3.92%
Inverse 13,624.39 14,024.92 97.14%
Asset Allocation 814.27 10,944.98 7.44%
Alternatives -336.94 5,080.13 -6.63%
Total: 278,618.03 4,834,418.16 5.76%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 8.38% 206,486 36.94
KRBN KFA Global Carbon ETF 7.42% 44,892 3.20
PNQI Invesco NASDAQ Internet ETF 7.05% 115,089 896.30
IGV iShares Expanded Tech-Software Sector ETF 6.91% 3,680,633 5,576.64
KGRN KraneShares MSCI China Environment Index ETF 6.90% 13,066 4.31
CLOU Global X Cloud Computing ETF 6.38% 5,115,044 1,127.81
FNGS MicroSectors FANG+ ETN 6.08% 103,677 58.70
TTTN UP Fintech China-U.S. Internet Titans ETF 5.95% 11,529 17.27
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund 5.79% 924,952 459.97
XLC Communication Services Select Sector SPDR Fund 5.66% 11,328,371 11,265.10

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XVZ iPath S&P 500 Dynamic VIX ETN 107.97% 0.38% 10.02
ARKW ARK Next Generation Internet ETF 89.44% 4.02% 2,320.01
ONLN ProShares Online Retail ETF 84.87% 1.97% 335.47
VIXM ProShares VIX Mid-Term Futures ETF 84.78% 0.74% 89.89
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 84.26% 0.19% 30.14
CLIX ProShares Long Online/Short Stores ETF 82.87% 0.48% 262.80
ARKK ARK Innovation ETF 81.36% 1.75% 7,894.53
ARKG ARK Genomic Revolution ETF 79.83% -2.64% 2,020.86
TAN Invesco Solar ETF 78.77% 4.73% 1,261.23
IBUY Amplify Online Retail ETF 77.77% 1.02% 961.90

 

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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