A modest sum of new cash entered U.S.-listed ETFs this week as stocks held steady and bonds sold off. On net, ETFs had net inflows of $6.7 billion during the week ending Thursday, Oct. 22. That brings year-to-date inflows up to $359.1 billion, ahead of the $218.6 billion seen at this same time a year ago.
Rates In Focus
This week's inflows were split relatively evenly across the various asset classes, though U.S. fixed income ETFs received the largest share (as they have throughout much of the year). This was despite a notable sell-off in Treasury bonds this week. The 10-year Treasury yield briefly hit 0.87%, its loftiest level since early June (bond prices and yields move inversely).
Nevertheless, investors put money to work in fixed income funds like the Vanguard Total Bond Market ETF (BND) and the Vanguard Total International Bond ETF (BNDX).
This is not to say that investors were completely dismissive of the rise in yields. The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH), a bond fund that attempts to hedge out interest rate risk, saw its assets surge from $35 million to more than $550 million this week.
Outflows From the Q's
On the other side of the ledger, the tech-heavy Invesco QQQ Trust (QQQ) topped the outflows list with redemptions of more than $2 billion. Prices for the fund dipped this week as some of the megacap tech stalwarts pulled back.
The First Trust Capital Strength EF (FTCS), which holds stocks of companies with low debt and high returns on equity, took the No. 2 spot on the weekly outflows list, with redemptions of $1.6 billion.
The iShares Gold Trust (GLD), with outflows of $644 million, was another noteworthy fund on the outflows list.
For a full list of this week's top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 3,834.39 | 298,660.00 | 1.28% |
| VTI | Vanguard Total Stock Market ETF | 1,467.95 | 171,191.55 | 0.86% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 1,019.30 | 1,027.64 | 99.19% |
| VXUS | Vanguard Total International Stock ETF | 851.64 | 29,006.33 | 2.94% |
| ESGE | iShares ESG MSCI EM ETF | 555.41 | 4,687.82 | 11.85% |
| BNDX | Vanguard Total International Bond ETF | 476.46 | 33,776.44 | 1.41% |
| IGBH | iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 425.15 | 556.57 | 76.39% |
| VNQ | Vanguard Real Estate ETF | 418.31 | 28,666.64 | 1.46% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 397.93 | 23,700.92 | 1.68% |
| BND | Vanguard Total Bond Market ETF | 395.64 | 63,555.16 | 0.62% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | -2,087.56 | 138,725.77 | -1.50% |
| FTCS | First Trust Capital Strength ETF | -1,566.92 | 6,249.21 | -25.07% |
| IWM | iShares Russell 2000 ETF | -891.89 | 41,983.73 | -2.12% |
| GLD | SPDR Gold Trust | -644.51 | 78,273.34 | -0.82% |
| IGIB | iShares 5-10 Year Investment Grade Corporate Bond ETF | -597.07 | 10,917.09 | -5.47% |
| BBEU | JPMorgan BetaBuilders Europe ETF | -351.88 | 4,690.19 | -7.50% |
| PZA | Invesco National AMT-Free Municipal Bond ETF | -324.86 | 2,353.43 | -13.80% |
| IWR | iShares Russell Mid-Cap ETF | -315.64 | 21,402.60 | -1.47% |
| VOO | Vanguard S&P 500 ETF | -287.92 | 164,422.17 | -0.18% |
| IVV | iShares Core S&P 500 ETF | -277.07 | 220,018.64 | -0.13% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 1,552.34 | 2,722,625.79 | 0.06% |
| International Equity | 1,622.29 | 892,634.23 | 0.18% |
| U.S. Fixed Income | 3,591.04 | 938,798.54 | 0.38% |
| International Fixed Income | 1,179.31 | 113,107.55 | 1.04% |
| Commodities | -1,112.14 | 149,911.59 | -0.74% |
| Currency | -83.23 | 1,900.56 | -4.38% |
| Leveraged | 8.84 | 38,470.79 | 0.02% |
| Inverse | -215.50 | 13,604.63 | -1.58% |
| Asset Allocation | 65.13 | 12,056.25 | 0.54% |
| Alternatives | 121.63 | 5,511.83 | 2.21% |
| Total: | 6,729.71 | 4,888,621.76 | 0.14% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 95,235.92 | 2,722,625.79 | 3.50% |
| International Equity | 22,076.93 | 892,634.23 | 2.47% |
| U.S. Fixed Income | 160,709.53 | 938,798.54 | 17.12% |
| International Fixed Income | 16,965.10 | 113,107.55 | 15.00% |
| Commodities | 45,757.23 | 149,911.59 | 30.52% |
| Currency | 502.05 | 1,900.56 | 26.42% |
| Leveraged | 2,083.93 | 38,470.79 | 5.42% |
| Inverse | 13,291.15 | 13,604.63 | 97.70% |
| Asset Allocation | 2,273.37 | 12,056.25 | 18.86% |
| Alternatives | 252.47 | 5,511.83 | 4.58% |
| Total: | 359,147.67 | 4,888,621.76 | 7.35% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| BDRY | Breakwave Dry Bulk Shipping ETF | 9.57% | 394,407 | 26.06 |
| GRU | Elements MLCX Grains Index-Total Return ETN | 7.03% | 61,921 | 3.34 |
| EPHE | iShares MSCI Philippines ETF | 6.50% | 268,223 | 113.17 |
| COPX | Global X Copper Miners ETF | 5.52% | 295,908 | 108.11 |
| LEND | Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF | 5.35% | 1,976 | 0.35 |
| SOCL | Global X Social Media ETF | 5.12% | 135,905 | 223.42 |
| ECH | iShares MSCI Chile ETF | 5.06% | 1,473,700 | 401.38 |
| JJC | iPath Series B Bloomberg Copper Subindex Total Return ETN | 4.98% | 18,024 | 19.03 |
| URA | Global X Uranium ETF | 4.67% | 405,591 | 147.96 |
| GXG | Global X MSCI Colombia ETF | 4.06% | 59,398 | 36.02 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| TAN | Invesco Solar ETF | 152.37% | -3.12% | 1,966.61 |
| ARKG | ARK Genomic Revolution ETF | 112.92% | -8.08% | 2,854.34 |
| XVZ | iPath S&P 500 Dynamic VIX ETN | 110.43% | 0.31% | 11.02 |
| PBW | Invesco WilderHill Clean Energy ETF | 108.43% | -3.06% | 962.32 |
| QCLN | First Trust NASDAQ Clean Edge Green Energy Index Fund | 105.17% | -3.33% | 756.32 |
| ARKW | ARK Next Generation Internet ETF | 103.75% | -0.68% | 2,988.95 |
| ARKK | ARK Innovation ETF | 101.46% | -4.68% | 10,259.19 |
| ONLN | ProShares Online Retail ETF | 88.85% | -2.04% | 685.45 |
| IBUY | Amplify Online Retail ETF | 88.06% | -2.50% | 1,027.17 |
| KGRN | KraneShares MSCI China Environment Index ETF | 86.53% | 0.21% | 16.74 |
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.
