ETF Inflows March Higher Despite Rising Yields

YTD inflows now stand at $359 billion, ahead of the $219 billion seen at this same time a year ago.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust3,834.39298,660.001.28%
VTIVanguard Total Stock Market ETF1,467.95171,191.550.86%
BBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETF1,019.301,027.6499.19%
VXUSVanguard Total International Stock ETF851.6429,006.332.94%
ESGEiShares ESG MSCI EM ETF555.414,687.8211.85%
BNDXVanguard Total International Bond ETF476.4633,776.441.41%
IGBHiShares Interest Rate Hedged Long-Term Corporate Bond ETF425.15556.5776.39%
VNQVanguard Real Estate ETF418.3128,666.641.46%
DIASPDR Dow Jones Industrial Average ETF Trust397.9323,700.921.68%
BNDVanguard Total Bond Market ETF395.6463,555.160.62%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-2,087.56138,725.77-1.50%
FTCSFirst Trust Capital Strength ETF-1,566.926,249.21-25.07%
IWMiShares Russell 2000 ETF-891.8941,983.73-2.12%
GLDSPDR Gold Trust-644.5178,273.34-0.82%
IGIBiShares 5-10 Year Investment Grade Corporate Bond ETF-597.0710,917.09-5.47%
BBEUJPMorgan BetaBuilders Europe ETF-351.884,690.19-7.50%
PZAInvesco National AMT-Free Municipal Bond ETF-324.862,353.43-13.80%
IWRiShares Russell Mid-Cap ETF-315.6421,402.60-1.47%
VOOVanguard S&P 500 ETF-287.92164,422.17-0.18%
IVViShares Core S&P 500 ETF-277.07220,018.64-0.13%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,552.342,722,625.790.06%
International Equity1,622.29892,634.230.18%
U.S. Fixed Income3,591.04938,798.540.38%
International Fixed Income1,179.31113,107.551.04%
Commodities-1,112.14149,911.59-0.74%
Currency-83.231,900.56-4.38%
Leveraged8.8438,470.790.02%
Inverse-215.5013,604.63-1.58%
Asset Allocation65.1312,056.250.54%
Alternatives121.635,511.832.21%
Total:6,729.714,888,621.760.14%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity95,235.922,722,625.793.50%
International Equity22,076.93892,634.232.47%
U.S. Fixed Income160,709.53938,798.5417.12%
International Fixed Income16,965.10113,107.5515.00%
Commodities45,757.23149,911.5930.52%
Currency502.051,900.5626.42%
Leveraged2,083.9338,470.795.42%
Inverse13,291.1513,604.6397.70%
Asset Allocation2,273.3712,056.2518.86%
Alternatives252.475,511.834.58%
Total:359,147.674,888,621.767.35%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF9.57%394,40726.06
GRUElements MLCX Grains Index-Total Return ETN7.03%61,9213.34
EPHEiShares MSCI Philippines ETF6.50%268,223113.17
COPXGlobal X Copper Miners ETF5.52%295,908108.11
LENDAmplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF5.35%1,9760.35
SOCLGlobal X Social Media ETF5.12%135,905223.42
ECHiShares MSCI Chile ETF5.06%1,473,700401.38
JJCiPath Series B Bloomberg Copper Subindex Total Return ETN4.98%18,02419.03
URAGlobal X Uranium ETF4.67%405,591147.96
GXGGlobal X MSCI Colombia ETF4.06%59,39836.02

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
TANInvesco Solar ETF152.37%-3.12%1,966.61
ARKGARK Genomic Revolution ETF112.92%-8.08%2,854.34
XVZiPath S&P 500 Dynamic VIX ETN110.43%0.31%11.02
PBWInvesco WilderHill Clean Energy ETF108.43%-3.06%962.32
QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund105.17%-3.33%756.32
ARKWARK Next Generation Internet ETF103.75%-0.68%2,988.95
ARKKARK Innovation ETF101.46%-4.68%10,259.19
ONLNProShares Online Retail ETF88.85%-2.04%685.45
IBUYAmplify Online Retail ETF88.06%-2.50%1,027.17
KGRNKraneShares MSCI China Environment Index ETF86.53%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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.