2020 ETF Inflows Hit Record $509B

December 18, 2020

A crescendo of buying in financial markets pushed annual ETF inflows to records for the first time since 2017. On net, investors added $53.4 billion to U.S.-listed ETFs during the week ending Thursday, Dec. 17.

Though some of the inflows could be due to tax-related heartbeat trades, they were enough to push 2020's year-to-date inflows up to a whopping $509.4 billion, blowing past 2017's record of $476.1 billion. For comparison, year-to-date inflows stood at $342.2 billion at this same time a year ago.

To be sure, 2020's record isn't "official" until year end; a sudden bout of outflows in the last two weeks of the year could push the annual figure down. On the other hand, the number could swell further.

Equities Surpass Fixed Income 

While U.S. fixed income ETFs led the way for flows throughout much of the year, U.S. equity ETF flows finally surpassed them as stocks pushed to record highs this week. The S&P 500 briefly topped 3,725 on Thursday, pushing its returns for the year to more than 17%.

U.S. stocks have been on a tear since bottoming out in March, and investors have added $187.4 billion to U.S. equity ETFs so far this year. That compares to inflows of $177.8 billion for U.S. fixed income ETFs.

In contrast to the gains in stocks, Treasuries have largely been selling off in recent weeks, albeit slowly and with the support of the Federal Reserve limiting their downside. The 10-year Treasury yield, which moves inversely to the bond price, hit a high of 0.95% this week, close to its highest levels since March.

Meanwhile, international equity ETFs have pulled in $62.1 billion of new money so far this while, while commodities registered $39.5 billion of inflows in the same period.

'VTI' Leads The Way 

In terms of individual ETFs, the Vanguard Total Stock Market ETF (VTI) leads the way, with year-to-date inflows of $32.1 billion; followed by the Vanguard S&P 500 ETF (VOO) with $21.7 billion; and the Invesco QQQ Trust (QQQ)  with $16.6 billion.

On the outflows side, the SPDR S&P 500 ETF Trust (SPY) has seen redemptions of $33.6 billion; the iShares MSCI EAFE ETF (EFA)  has seen redemptions of $11.8 billion; and the iShares MSCI Emerging Markets ETF (EEM) has seen redemptions of $4.6 billion.

For a full list of the latest inflows and outflows, see the tables below:

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VXF Vanguard Extended Market ETF 5,124.73 18,838.49 27.20%
IVW iShares S&P 500 Growth ETF 3,511.45 35,419.73 9.91%
XLY Consumer Discretionary Select Sector SPDR Fund 2,873.51 21,126.42 13.60%
VB Vanguard Small-Cap ETF 2,420.95 39,072.23 6.20%
VO Vanguard Mid-Cap ETF 2,085.66 43,490.18 4.80%
VOO Vanguard S&P 500 ETF 2,003.82 176,376.51 1.14%
VTI Vanguard Total Stock Market ETF 1,847.20 199,120.22 0.93%
SPYV SPDR Portfolio S&P 500 Value ETF 1,432.50 8,813.83 16.25%
IEMG iShares Core MSCI Emerging Markets ETF 1,419.05 66,203.48 2.14%
XBI SPDR S&P Biotech ETF 1,261.59 8,554.06 14.75%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -6,929.61 316,358.92 -2.19%
IVV iShares Core S&P 500 ETF -2,979.60 236,449.45 -1.26%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -1,213.11 24,741.64 -4.90%
GLD SPDR Gold Trust -709.07 69,521.94 -1.02%
BBEU JPMorgan BetaBuilders Europe ETF -357.54 4,117.01 -8.68%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -301.51 55,152.44 -0.55%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -281.17 12,299.14 -2.29%
IEF iShares 7-10 Year Treasury Bond ETF -276.26 15,401.73 -1.79%
DIA SPDR Dow Jones Industrial Average ETF Trust -196.74 25,566.74 -0.77%
SHV iShares Short Treasury Bond ETF -174.62 18,391.35 -0.95%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 39,014.18 3,089,165.75 1.26%
International Equity 10,374.59 1,035,860.86 1.00%
U.S. Fixed Income 2,722.33 961,926.24 0.28%
International Fixed Income 1,544.04 122,264.47 1.26%
Commodities -453.12 140,479.68 -0.32%
Currency 24.72 1,891.42 1.31%
Leveraged -10.45 44,955.86 -0.02%
Inverse 12.55 11,412.21 0.11%
Asset Allocation 96.75 13,262.96 0.73%
Alternatives 43.64 5,262.06 0.83%
Total: 53,369.23 5,426,481.52 0.98%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 187,356.94 3,089,165.75 6.06%
International Equity 62,059.20 1,035,860.86 5.99%
U.S. Fixed Income 177,789.77 961,926.24 18.48%
International Fixed Income 24,036.25 122,264.47 19.66%
Commodities 39,507.90 140,479.68 28.12%
Currency 540.06 1,891.42 28.55%
Leveraged 1,279.33 44,955.86 2.85%
Inverse 13,684.66 11,412.21 119.91%
Asset Allocation 2,871.74 13,262.96 21.65%
Alternatives 305.14 5,262.06 5.80%
Total: 509,430.97 5,426,481.52 9.39%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
DWCR Arrow DWA Tactical International ETF 12.72% 3,413 12.48
TAN Invesco Solar ETF 9.93% 7,052,913 3,190.80
SILJ ETFMG Prime Junior Silver Miners ETF 8.48% 4,372,341 537.12
URNM North Shore Global Uranium Mining ETF 7.89% 300,352 35.67
CNRG SPDR S&P Kensho Clean Power ETF 7.67% 167,666 226.21
CTEC Global X CleanTech ETF 7.41% 249,456 37.69
BLOK Amplify Transformational Data Sharing ETF 7.34% 1,303,494 264.78
SLVP iShares MSCI Global Silver and Metals Miners ETF 6.56% 525,290 218.79
ICLN iShares Global Clean Energy ETF 6.18% 18,035,517 3,662.95
SLV iShares Silver Trust 6.11% 86,025,092 13,924.90

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
ARKG ARK Genomic Revolution ETF 185.32% -2.65% 6,022.99
TAN Invesco Solar ETF 179.35% 9.93% 3,190.80
PBW Invesco WilderHill Clean Energy ETF 162.00% 5.86% 1,842.66
ARKW ARK Next Generation Internet ETF 150.77% 1.25% 4,984.85
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund 149.12% 5.21% 1,688.51
ARKK ARK Innovation ETF 148.25% 0.06% 16,422.94
IBUY Amplify Online Retail ETF 112.22% 4.95% 1,332.69
PBD Invesco Global Clean Energy ETF 112.10% 5.75% 250.14
IPO Renaissance IPO ETF 110.43% -0.50% 695.76
ACES ALPS Clean Energy ETF 108.95% 4.34% 668.29

 

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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