Total US ETF Assets Near $5T

September 04, 2020

Investor demand for ETFs continues unabated as U.S.-listed ETFs attracted more than $10 billion in new assets for the week ending Thursday, Sept. 3, taking the year to date haul to just under $290 billion for the year, far outpacing the total at this time last year.

Since July 1, ETFs have seen nearly $100 billion in inflows; the total assets in U.S. ETFs now stand at $4.9 trillion. At this rate, the $5 trillion threshold could easily be crossed by Halloween.

For this week, there were a few noteworthy ETFs in terms of flows. Value investors stood out, with $942 million in new assets landing in the iShares MSCI USA Value Factor ETF (VLUE), a 13.2% jump in assets under management (AUM) for the fund, and good enough to take the top spot in inflows for the week.

The usual suspects atop the creations leaderboard included the Vanguard S&P 500 ETF (VOO), with $881 million; the Invesco QQQ Trust (QQQ), with $785 million; and the fixed income safe haven iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which raked in $773 million.

Top ETFs For Redemptions

Ironically, some of the biggest equity ETFs were also leading the redemptions, including $2.5 billion exiting the SPDR Dow Jones Industrial Average ETF Trust (DIA), a drop of 9.38% in assets to $24 billion, and $1.8 billion flowing out of the largest ETF in the world, the SPDR S&P 500 ETF Trust (SPY), which holds $312 billion in AUM.

There also was a continuation of ETFs holding short- and near-term Treasuries: The PIMCO Enhanced Short Maturity Active ETF (MINT), shed $463 million and dropped its AUM to $13.9 billion; the iShares Short Maturity Bond ETF (NEAR) lost $260 million in assets to $5.4 billion; and the iShares 1-3 Year Treasury Bond ETF (SHY) saw $251 million go out of the gates to $21 billion.

In terms of asset classes, U.S. fixed income has seen $133 billion in new assets this year, expanding its lead over U.S. equity ETFs, which are the perennial leading asset class for flows, which stands at $75 billion.

Last year was the first year U.S. that fixed income attracted more news assets than U.S. equity, by a few billion. Clearly this year won’t be a close race.

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
VLUE iShares MSCI USA Value Factor ETF 942.19 7,122.83 13.23%
IWM iShares Russell 2000 ETF 889.08 42,590.88 2.09%
VOO Vanguard S&P 500 ETF 881.91 170,112.11 0.52%
QQQ Invesco QQQ Trust 785.29 144,566.67 0.54%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 773.39 57,525.84 1.34%
TQQQ ProShares UltraPro QQQ 764.32 10,134.23 7.54%
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 760.05 10,676.75 7.12%
BND Vanguard Total Bond Market ETF 680.03 61,194.15 1.11%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 543.24 16,935.75 3.21%
VTI Vanguard Total Stock Market ETF 515.82 170,185.33 0.30%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
DIA SPDR Dow Jones Industrial Average ETF Trust -2,251.84 24,008.51 -9.38%
SPY SPDR S&P 500 ETF Trust -1,842.89 312,603.71 -0.59%
TLT iShares 20+ Year Treasury Bond ETF -859.64 18,099.16 -4.75%
IVV iShares Core S&P 500 ETF -722.20 224,868.12 -0.32%
MINT PIMCO Enhanced Short Maturity Active ETF -463.83 13,879.47 -3.34%
IEF iShares 7-10 Year Treasury Bond ETF -280.93 19,369.15 -1.45%
NEAR iShares Short Maturity Bond ETF -260.79 5,470.45 -4.77%
SHY iShares 1-3 Year Treasury Bond ETF -250.92 21,076.71 -1.19%
IBB iShares NASDAQ Biotechnology ETF -207.78 9,369.42 -2.22%
BLV Vanguard Long-Term Bond ETF -180.37 5,405.93 -3.34%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 2,550.88 2,794,639.66 0.09%
International Equity 2,164.14 884,304.87 0.24%
U.S. Fixed Income 3,378.19 924,370.63 0.37%
International Fixed Income 957.11 101,978.03 0.94%
Commodities 412.45 151,945.50 0.27%
Currency 53.50 1,960.56 2.73%
Leveraged 591.02 44,401.13 1.33%
Inverse 141.94 13,397.97 1.06%
Asset Allocation 70.86 11,150.82 0.64%
Alternatives 165.77 5,441.54 3.05%
Total: 10,485.84 4,933,590.72 0.21%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 75,127.47 2,794,639.66 2.69%
International Equity 7,467.11 884,304.87 0.84%
U.S. Fixed Income 133,023.52 924,370.63 14.39%
International Fixed Income 11,741.05 101,978.03 11.51%
Commodities 44,502.32 151,945.50 29.29%
Currency 626.90 1,960.56 31.98%
Leveraged 2,191.25 44,401.13 4.94%
Inverse 13,766.33 13,397.97 102.75%
Asset Allocation 885.13 11,150.82 7.94%
Alternatives -171.17 5,441.54 -3.15%
Total: 289,159.92 4,933,590.72 5.86%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term Futures ETF 9.54% 18,199,892 337.49
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 9.23% 134,893,829 1,219.49
IPO Renaissance IPO ETF 6.58% 1,049,645 157.56
PTF Invesco DWA Technology Momentum ETF 6.37% 85,694 267.28
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF 5.95% 30,331 4.72
CCON Direxion Connected Consumer ETF 5.77% 42,093 6.78
PRNT 3D Printing ETF 5.75% 142,267 47.24
ARKQ ARK Autonomous Technology & Robotics ETF 5.66% 1,172,608 642.58
MID American Century Mid Cap Growth Impact ETF 5.57% 2,978 642.58
WCLD WisdomTree Cloud Computing Fund 5.42% 3,427,099 787.41

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 109.72% 9.23% 1,219.49
VIXY ProShares VIX Short-Term Futures ETF 109.25% 9.54% 337.49
XVZ iPath S&P 500 Dynamic VIX ETN 101.90% 0.73% 9.49
VIXM ProShares VIX Mid-Term Futures ETF 97.42% 5.03% 98.84
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 96.86% 4.82% 31.43
ARKW ARK Next Generation Internet ETF 85.15% 3.78% 2,613.97
ARKK ARK Innovation ETF 79.44% 4.99% 8,897.99
ONLN ProShares Online Retail ETF 76.38% 1.44% 333.22
CLIX ProShares Long Online/Short Stores ETF 74.85% 0.37% 259.20
FNGS MicroSectors FANG+ ETN 73.60% 3.72% 60.75

 

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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