Investors Add To ETFs Despite Stock Pullback

September 11, 2020

ETFs registered modest inflows this week despite rocky financial markets. On net, $6.8 billion entered U.S.-listed ETFs during the week ending Thursday, Sept. 10, according to the latest data from FactSet. That pushed year-to-date inflows up to $296 billion, ahead of the $173.5 billion seen at this same time a year ago.

This week's inflows were relatively evenly split between U.S. equity ETFs, international equity ETFs and U.S. fixed income ETFs.

The SPDR S&P 500 ETF Trust (SPY) was the top asset gatherer of the period, with inflows of $4.6 billion. The S&P 500 tumbled more than 7% off its all-time high this week as a sell-off in high-flying technology stocks weighed on the broader index.

Nevertheless, some traders used the pullback in tech stocks to buy. The ProShares UltraPro QQQ (TQQQ), which offers 3x leveraged exposure to the tech-heavy Nasdaq-100 index, picked up $829 million of new assets, bringing the geared fund's total assets under management to $8.5 billion.

The Nasdaq-100 was last trading nearly 12% below its all-time highs set just last week; steep sell-offs in names like Apple, Amazon and Nvidia have led the index's move lower. 

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 4,625.79 301,506.27 1.53%
TQQQ ProShares UltraPro QQQ 829.08 8,471.37 9.79%
SHV iShares Short Treasury Bond ETF 797.03 20,589.92 3.87%
VXUS Vanguard Total International Stock ETF 638.42 25,245.66 2.53%
BND Vanguard Total Bond Market ETF 610.01 61,561.53 0.99%
BNDX Vanguard Total International Bond ETF 593.76 31,103.77 1.91%
VTI Vanguard Total Stock Market ETF 560.22 161,903.67 0.35%
IEF iShares 7-10 Year Treasury Bond ETF 475.41 19,781.08 2.40%
XLP Consumer Staples Select Sector SPDR Fund 320.56 14,363.72 2.23%
IXUS iShares Core MSCI Total International Stock ETF 311.89 21,190.55 1.47%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
TLT iShares 20+ Year Treasury Bond ETF -802.24 17,030.02 -4.71%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -744.28 30,372.16 -2.45%
IWM iShares Russell 2000 ETF -624.67 40,220.01 -1.55%
XLU Utilities Select Sector SPDR Fund -494.48 11,944.10 -4.14%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -463.28 56,363.33 -0.82%
IWF iShares Russell 1000 Growth ETF -424.65 58,560.91 -0.73%
XLF Financial Select Sector SPDR Fund -360.81 18,063.74 -2.00%
DIA SPDR Dow Jones Industrial Average ETF Trust -360.04 22,693.30 -1.59%
XLE Energy Select Sector SPDR Fund -304.15 9,194.93 -3.31%
VUG Vanguard Growth ETF -296.28 60,506.04 -0.49%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 1,836.47 2,657,452.53 0.07%
International Equity 1,540.63 866,172.22 0.18%
U.S. Fixed Income 2,396.54 917,409.05 0.26%
International Fixed Income 717.23 107,878.26 0.66%
Commodities 341.59 150,920.37 0.23%
Currency -37.26 1,917.62 -1.94%
Leveraged 556.44 38,219.85 1.46%
Inverse -328.04 14,377.63 -2.28%
Asset Allocation 12.35 10,911.21 0.11%
Alternatives -209.97 5,108.04 -4.11%
Total: 6,825.98 4,770,366.78 0.14%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 76,978.69 2,657,452.53 2.90%
International Equity 9,007.74 866,172.22 1.04%
U.S. Fixed Income 136,381.54 917,409.05 14.87%
International Fixed Income 11,496.80 107,878.26 10.66%
Commodities 44,843.91 150,920.37 29.71%
Currency 589.64 1,917.62 30.75%
Leveraged 2,752.93 38,219.85 7.20%
Inverse 13,434.92 14,377.63 93.44%
Asset Allocation 897.48 10,911.21 8.23%
Alternatives -381.04 5,108.04 -7.46%
Total: 296,002.61 4,770,366.78 6.21%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
PGM iPath Series B Bloomberg Platinum Subindex Total Return ETN 4.93% 5,481 4.19
GRU Elements MLCX Grains Index-Total Return ETN 4.50% 4,247 3.10
EPHE iShares MSCI Philippines ETF 4.38% 330,491 119.04
RING iShares MSCI Global Gold Miners ETF 4.11% 479,436 575.87
SGDM Sprott Gold Miners ETF 4.03% 134,085 303.52
CNCR Loncar Cancer Immunotherapy ETF 3.79% 32,291 38.85
GDX VanEck Vectors Gold Miners ETF 3.62% 84,204,979 18,256.23
EZA iShares MSCI South Africa ETF 3.41% 1,900,315 329.55
BBC Virtus LifeSci Biotech Clinical Trials ETF 3.33% 96,085 36.82
TAN Invesco Solar ETF 3.32% 3,409,817 1,196.85

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XVZ iPath S&P 500 Dynamic VIX ETN 103.08% -0.11% 9.40
VIXM ProShares VIX Mid-Term Futures ETF 86.19% -3.58% 96.56
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 85.96% -3.84% 29.72
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 79.43% -7.23% 988.67
VIXY ProShares VIX Short-Term Futures ETF 78.92% -7.76% 301.11
ARKW ARK Next Generation Internet ETF 75.12% -1.93% 2,234.50
ARKK ARK Innovation ETF 71.51% -0.54% 7,867.59
ONLN ProShares Online Retail ETF 70.20% -0.21% 299.00
ARKG ARK Genomic Revolution ETF 70.20% 1.88% 1,940.13
CLIX ProShares Long Online/Short Stores ETF 69.08% -0.05% 237.64

 

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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