‘BUZZ’ Adds To Solid Weekly ETF Inflows

March 05, 2021

Growth stocks were pummeled this week, but the blood bath in individual names didn’t show up in ETF flows. On net, investors added to their ETF holdings, focusing their buying power on broad market stock and bond funds.

U.S. equity ETFs, international equity ETFs and U.S. fixed income ETFs picked up $3.3 billion, $5.9 billion and $3.8 billion in weekly inflows, respectively, powering overall U.S.-listed ETFs inflows to $12.5 billion.

Year-to-date inflows now stand at $164.9 billion, compared with $86.9 billion at this same time a year ago.

‘BUZZ’-iest ETF Of The Week

Even though plain vanilla ETFs were the biggest flows winner of the week, investors still had an appetite for risk. They scooped up the newly minted VanEck Vectors Social Sentiment ETF (BUZZ), which is backed by Barstool Sports founder David Portnoy.

In its first session, the fund traded 18.2 million shares and collected more than $280 million of fresh cash.

According to issuer VanEck, BUZZ tracks “the performance of the 75 large cap U.S. stocks which exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources including social media, news articles, blog posts and other alternative datasets.”

BUZZ is cashing in on the current investor zeitgeist, where hordes of retail investors seek to profit by sharing stock tips on message boards and other social media. The ETF’s current top holdings include Ford, DraftKings, Twitter, Facebook and American Airlines.

Notably missing from the portfolio is GameStop, the retail video game store that became the darling of the WallStreetBets subreddit and captured national headlines for a few weeks earlier this year.

(Use our stock finder tool to find an ETF’s allocation to a certain stock.)

‘QQQ’ Sheds Assets

In addition to BUZZ, other ETFs to see inflows this week included the Vanguard FTSE Emerging Markets ETF (VWO), the iShares Russell 2000 ETF (IWM) and the iShares Core Emerging Markets ETF (IEMG).

International equity ETFs remain the most in-demand segment among ETF investors this year.

Meanwhile, on the outflows side of the ledger, the Invesco QQQ Trust (QQQ) had the largest redemptions of the week—unsurprising considering the battering that technology and biotechnology stocks took during the period.

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
VWO Vanguard FTSE Emerging Markets ETF 1,254.11 79,162.05 1.58%
IWM iShares Russell 2000 ETF 1,205.56 68,679.55 1.76%
IEMG iShares Core MSCI Emerging Markets ETF 1,048.53 78,473.10 1.34%
XLF Financial Select Sector SPDR Fund 1,045.13 36,346.57 2.88%
TLT iShares 20+ Year Treasury Bond ETF 993.04 14,838.80 6.69%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 962.87 45,851.43 2.10%
VTI Vanguard Total Stock Market ETF 896.00 213,812.28 0.42%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 890.21 10,416.88 8.55%
VOO Vanguard S&P 500 ETF 770.18 194,965.31 0.40%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 746.92 7,003.28 10.67%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -3,543.08 145,619.93 -2.43%
GLD SPDR Gold Trust -1,210.65 59,329.74 -2.04%
AGG iShares Core U.S. Aggregate Bond ETF -1,034.16 84,583.35 -1.22%
TIP iShares TIPS Bond ETF -919.17 26,108.14 -3.52%
IYR iShares U.S. Real Estate ETF -625.39 4,603.49 -13.59%
USMV iShares MSCI USA Min Vol Factor ETF -524.47 27,830.42 -1.88%
IAU iShares Gold Trust -517.02 28,139.64 -1.84%
SLV iShares Silver Trust -456.49 15,965.79 -2.86%
UVXY ProShares Ultra VIX Short-Term Futures ETF -411.73 2,061.85 -19.97%
SCHO Schwab Short-Term U.S. Treasury ETF -387.63 7,570.79 -5.12%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,314.13 3,272,726.33 0.10%
International Equity 5,885.58 1,163,073.11 0.51%
U.S. Fixed Income 3,786.08 974,544.15 0.39%
International Fixed Income 49.78 128,489.23 0.04%
Commodities -1,797.58 133,432.45 -1.35%
Currency -34.34 1,970.52 -1.74%
Leveraged 1,131.69 49,884.93 2.27%
Inverse -107.82 12,110.51 -0.89%
Asset Allocation 52.99 14,067.13 0.38%
Alternatives 174.84 6,513.34 2.68%
Total: 12,455.34 5,756,811.70 0.22%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 61,989.12 3,272,726.33 1.89%
International Equity 67,838.13 1,163,073.11 5.83%
U.S. Fixed Income 24,218.59 974,544.15 2.49%
International Fixed Income 7,624.83 128,489.23 5.93%
Commodities -2,778.30 133,432.45 -2.08%
Currency 68.22 1,970.52 3.46%
Leveraged 2,111.52 49,884.93 4.23%
Inverse 1,869.16 12,110.51 15.43%
Asset Allocation 664.44 14,067.13 4.72%
Alternatives 1,292.17 6,513.34 19.84%
Total: 164,897.86 5,756,811.70 2.86%

 

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.

Find your next ETF

Reset All