ETF Inflows Strong To Start 2021

January 08, 2021

After setting a fresh annual record in 2020, ETF inflows kept up their robust pace during the first week of 2021. On net, investors added $16.8 billion to U.S.-listed ETFs during the first week of the new year. That data, which measures the holiday-shortened week ending Thursday, Jan. 7, showed U.S. equity ETFs taking an early lead on the flows charts, led by the SPDR S&P 500 ETF Trust (SPY), the iShares Russell 2000 ETF (IWM) and the Financial Select Sector SPDR Fund (XLF).

The S&P 500 raced to record highs this week, topping 3,800 for the first time as investors anticipated fresh stimulus measures following the inauguration of President-elect Biden later this month. With Congress in Democrats' hands following two victories in Georgia's Senate runoff elections, expectations are that fiscal spending could ramp up significantly in the coming months. 

Yield Spike

Those expectations sent bond yields surging. The 10-year Treasury bond yield topped 1.12% for the first time since last March this week, pushing many bond ETFs lower (bond prices and yields move inversely). The spike in yields also had a negtive effect on gold, which tumbled to a one-month low below $1,850/oz during the week.

Nevertheless, ETF investors still added to their bond and gold holdings. U.S. fixed income ETFs had net inflows of $742 million during the period, while the SPDR Gold Trust (GLD)  registered inflows of $684 million.

On the other hand, investors lightened up on some of their tech exposure. The Invesco QQQ Trust (QQQ), which was one of last year's top performers, saw outflows of nearly $2 billion.

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 2,865.18 331,227.17 0.87%
IWM iShares Russell 2000 ETF 2,263.14 63,376.57 3.57%
XLF Financial Select Sector SPDR Fund 2,174.58 27,775.04 7.83%
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 823.98 2,156.65 38.21%
XLE Energy Select Sector SPDR Fund 749.10 15,410.45 4.86%
VTI Vanguard Total Stock Market ETF 711.41 203,029.05 0.35%
XLB Materials Select Sector SPDR Fund 688.00 6,162.27 11.16%
GLD SPDR Gold Trust 683.65 73,397.23 0.93%
BND Vanguard Total Bond Market ETF 606.07 68,274.23 0.89%
ARKK ARK Innovation ETF 410.87 18,625.15 2.21%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,974.90 146,878.02 -1.34%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -1,086.29 24,659.71 -4.41%
IYR iShares U.S. Real Estate ETF -1,063.94 4,209.66 -25.27%
SHV iShares Short Treasury Bond ETF -815.62 17,016.12 -4.79%
PDP Invesco DWA Momentum ETF -380.45 1,985.48 -19.16%
IVW iShares S&P 500 Growth ETF -364.83 31,406.07 -1.16%
SCHO Schwab Short-Term U.S. Treasury ETF -321.19 7,479.47 -4.29%
IYM iShares U.S. Basic Materials ETF -316.93 621.95 -50.96%
TLT iShares 20+ Year Treasury Bond ETF -293.36 18,048.69 -1.63%
IJK iShares S&P Mid-Cap 400 Growth ETF -285.01 7,864.78 -3.62%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 10,249.14 3,128,860.90 0.33%
International Equity 3,891.70 1,083,067.22 0.36%
U.S. Fixed Income 742.74 965,530.97 0.08%
International Fixed Income 858.15 124,335.32 0.69%
Commodities 993.63 148,899.48 0.67%
Currency -33.39 1,885.71 -1.77%
Leveraged -847.89 45,039.87 -1.88%
Inverse 779.63 11,528.55 6.76%
Asset Allocation 3.95 13,323.24 0.03%
Alternatives 169.61 5,546.28 3.06%
Total: 16,807.26 5,528,017.52 0.30%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 10,249.14 3,128,860.90 0.33%
International Equity 3,891.70 1,083,067.22 0.36%
U.S. Fixed Income 742.74 965,530.97 0.08%
International Fixed Income 858.15 124,335.32 0.69%
Commodities 993.63 148,899.48 0.67%
Currency -33.39 1,885.71 -1.77%
Leveraged -847.89 45,039.87 -1.88%
Inverse 779.63 11,528.55 6.76%
Asset Allocation 3.95 13,323.24 0.03%
Alternatives 169.61 5,546.28 3.06%
Total: 16,807.26 5,528,017.52 0.30%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
THCX The Cannabis ETF 13.21% 897,571 57.02
PSCE Invesco S&P SmallCap Energy ETF 13.17% 627,606 32.85
POTX Global X Cannabis ETF 13.01% 865,343 45.28
PXI Invesco DWA Energy Momentum ETF 12.42% 41,001 22.21
XES SPDR S&P Oil & Gas Equipment & Services ETF 12.25% 381,317 148.92
FCG First Trust Natural Gas ETF 11.94% 3,008,863 117.67
PSCM Invesco S&P SmallCap Materials ETF 11.81% 78,413 13.90
OIH VanEck Vectors Oil Services ETF 11.52% 1,643,516 838.78
IEZ iShares U.S. Oil Equipment & Services ETF 11.51% 1,256,231 88.91
CNBS Amplify Seymour Cannabis ETF 11.50% 514,332 30.11

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
FUE Elements MLCX Biofuels Index-Total Return ETN 25.59% 11.20% 0.46
AAAU Goldman Sachs Physical Gold ETF 20.86%   521.88
POTX Global X Cannabis ETF 19.29% 13.01% 45.28
THCX The Cannabis ETF 17.92% 13.21% 57.02
CNBS Amplify Seymour Cannabis ETF 15.53% 11.50% 30.11
PSCE Invesco S&P SmallCap Energy ETF 15.49% 13.17% 32.85
MJ ETFMG Alternative Harvest ETF 15.12% 11.17% 1,105.65
XES SPDR S&P Oil & Gas Equipment & Services ETF 14.01% 12.25% 148.92
FCG First Trust Natural Gas ETF 13.72% 11.94% 117.67
PXI Invesco DWA Energy Momentum ETF 13.70% 12.42% 22.21

 

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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