ETF Inflows Start Nov. On A Strong Note

November 06, 2020

ETF flows started November on a strong note as stock markets surged following this week's U.S. elections. While the results of the election were still be to finalized, markets were relieved by the likelihood of a split government and no new taxes. The S&P 500 jumped 4.2% in the two days following the election and 7.3% so far in November.

Meanwhile, investors added $13.3 billion to U.S.-listed ETFs during the week ending Thursday, Nov. 5. That pushed year-to-date inflows up to $367.7 billion, ahead of the $237.4 billion seen at this same time a year ago.

Inverse Nasdaq ETF Picks Up Assets

Of this week's inflows, $10 billion headed for U.S. equity ETFs, while the rest was evenly split between international equity ETFs, U.S. fixed income ETFs and international fixed income ETFs.

The SPDR S&P 500 ETF Trust (SPY) was the biggest flows winner of the week, followed by the iShares Russell 2000 ETF (IWM) and the Vanguard S&P 500 ETF (VOO).

The ProShares UltraPro Short QQQ (SQQQ), which provides 3x inverse exposure to the Nasdaq-100 index, was an interesting addition to the top inflows list. It picked up $470 million of new assets during the week. 

Assets In 'IDMO' Tumble 

On the other side of the ledger, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the iShares 20+ Year Treasury Bond ETF (TLT) shed assets, even as bond prices surged and bond yields tumbled following the election (bond prices and yields move inversely). Investors reasoned that a divided government reduces the likelihood of big spending packages being passed. 

Finally, the Invesco S&P International Developed Momentum ETF (IDMO) shed nearly all of its assets this week following outflows of $299 million. Assets under management for the fund now total a mere $8 million.

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 4,072.19 299,244.98 1.36%
IWM iShares Russell 2000 ETF 1,650.25 43,927.73 3.76%
VOO Vanguard S&P 500 ETF 723.01 166,364.28 0.43%
XBI SPDR S&P Biotech ETF 645.06 6,445.14 10.01%
VCIT Vanguard Intermediate-Term Corporate Bond ETF 640.84 40,148.12 1.60%
IEMG iShares Core MSCI Emerging Markets ETF 627.30 56,688.10 1.11%
VTI Vanguard Total Stock Market ETF 574.54 172,636.06 0.33%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 502.59 25,467.79 1.97%
IBB iShares NASDAQ Biotechnology ETF 472.78 9,969.61 4.74%
SQQQ ProShares UltraPro Short QQQ 470.12 1,932.73 24.32%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -1,309.24 55,468.45 -2.36%
SDY SPDR S&P Dividend ETF -1,179.72 15,113.58 -7.81%
TLT iShares 20+ Year Treasury Bond ETF -640.59 19,249.57 -3.33%
TQQQ ProShares UltraPro QQQ -410.30 7,990.78 -5.13%
GLD SPDR Gold Trust -355.98 76,482.31 -0.47%
USMV iShares MSCI USA Min Vol Factor ETF -339.14 33,249.34 -1.02%
IDMO Invesco S&P International Developed Momentum ETF -298.93 7.65 -3,905.63%
IEF iShares 7-10 Year Treasury Bond ETF -279.40 19,484.39 -1.43%
IWF iShares Russell 1000 Growth ETF -221.67 59,687.83 -0.37%
XLI Industrial Select Sector SPDR Fund -209.62 12,667.94 -1.65%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 10,010.93 2,735,845.27 0.37%
International Equity 1,239.81 890,586.58 0.14%
U.S. Fixed Income 1,282.50 940,963.20 0.14%
International Fixed Income 945.78 114,189.35 0.83%
Commodities -43.87 147,065.69 -0.03%
Currency -11.41 1,916.88 -0.60%
Leveraged -557.14 36,815.56 -1.51%
Inverse 502.33 14,229.71 3.53%
Asset Allocation -40.50 12,080.19 -0.34%
Alternatives -31.45 5,325.12 -0.59%
Total: 13,297.00 4,899,017.55 0.27%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 100,944.98 2,735,845.27 3.69%
International Equity 23,914.07 890,586.58 2.69%
U.S. Fixed Income 160,900.54 940,963.20 17.10%
International Fixed Income 17,884.77 114,189.35 15.66%
Commodities 45,246.40 147,065.69 30.77%
Currency 578.18 1,916.88 30.16%
Leveraged 2,214.27 36,815.56 6.01%
Inverse 13,687.35 14,229.71 96.19%
Asset Allocation 2,301.33 12,080.19 19.05%
Alternatives 45.10 5,325.12 0.85%
Total: 367,716.98 4,899,017.55 7.51%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
IHF iShares U.S. Healthcare Providers ETF 11.11% 288,635 1,014.91
EPOL iShares MSCI Poland ETF 10.78% 1,462,007 204.54
ITB iShares U.S. Home Construction ETF 10.17% 17,801,547 2,368.68
CHIQ Global X MSCI China Consumer Discretionary ETF 10.00% 1,778,688 425.48
PBE Invesco Dynamic Biotechnology & Genome ETF 9.20% 60,129 233.39
BBC Virtus LifeSci Biotech Clinical Trials ETF 9.08% 42,808 40.34
XBI SPDR S&P Biotech ETF 9.03% 29,805,854 6,445.14
QQH HCM Defender 100 Index ETF 8.99% 65,106 128.05
OILK ProShares K-1 Free Crude Oil Strategy ETF 8.91% 144,795 55.70
ERUS iShares MSCI Russia ETF 8.87% 688,910 422.86

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
TAN Invesco Solar ETF 119.94% -1.50% 1,789.04
ARKG ARK Genomic Revolution ETF 108.71% 6.42% 2,994.47
ARKW ARK Next Generation Internet ETF 106.23% 7.18% 3,026.19
XVZ iPath S&P 500 Dynamic VIX ETN 100.36% -8.55% 30.75
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund 99.19% 4.07% 826.08
ARKK ARK Innovation ETF 94.83% 7.40% 10,416.66
PBW Invesco WilderHill Clean Energy ETF 94.64% 4.55% 930.87
KGRN KraneShares MSCI China Environment Index ETF 94.46% 6.35% 17.36
IBUY Amplify Online Retail ETF 85.60% 7.41% 1,051.74
ONLN ProShares Online Retail ETF 85.50% 5.24% 674.10

 

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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