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Growth Stocks Rebound, ETFs Add $17B | ETF.com

Growth Stocks Rebound, ETFs Add $17B

March 12, 2021

Growth stocks steadied this week as investors grew more comfortable with the idea of higher interest rates. The popular ARK Innovation ETF (ARKK) jumped more than 7% from Friday to Friday, making up a big chunk of its recent losses.

The recovery in growth stocks helped the broader markets push to fresh record highs. The S&P 500 topped 3,960 for the first time ever on Thursday, lifting its year-to-date gain to 5.4%.

But even as growth stocks made up ground, investors remained enamored with the value, cyclical and small cap stocks that are most levered to economic growth.

The Energy Select Sector SPDR Fund (XLE) was the top flows winner of the week, with inflows of $1.5 billion, followed by iShares Russell 2000 ETF (IWM) with inflows of $1.4 billion.

Notably, two value ETFs, the iShares MSCI USA Value Factor ETF (VLUE) and the iShares Russell 2000 Value ETF (IWN), made the top 10 inflows list.

Net weekly inflows for all U.S.-listed ETFs in aggregate during the week were $16.5 billion, pushing year-to-date inflows up to $181.5 billion. That compares to $89.8 billion at this same time a year ago.

ARK ETFs Shed Assets

On the other hand, investors lightened up on yield-sensitive funds as rates pushed to new highs during the week. The 10-year Treasury bond yield hit 1.64% on Friday, a 14-month high.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) were among the largest flows losers of the week.

The SPDR Gold Trust (GLD), the ARK Genomic Revolution ETF (ARKG) and the ARK Next Generation Internet ETF (ARKW) also found themselves on the top outflows list.

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
XLE Energy Select Sector SPDR Fund 1,512.54 24,051.98 6.29%
IWM iShares Russell 2000 ETF 1,360.09 72,475.49 1.88%
IVV iShares Core S&P 500 ETF 1,057.30 255,984.44 0.41%
IEMG iShares Core MSCI Emerging Markets ETF 955.10 76,532.23 1.25%
PBUS Invesco PureBeta MSCI U.S.A. ETF 859.15 885.91 96.98%
RSP Invesco S&P 500 Equal Weight ETF 832.32 22,628.73 3.68%
VLUE iShares MSCI USA Value Factor ETF 814.26 13,598.15 5.99%
IWN iShares Russell 2000 Value ETF 797.87 17,168.39 4.65%
VOO Vanguard S&P 500 ETF 791.72 199,891.73 0.40%
QQQ Invesco QQQ Trust 773.75 147,220.45 0.53%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -4,071.46 333,863.42 -1.22%
GLD SPDR Gold Trust -1,264.36 58,220.82 -2.17%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -1,027.27 44,436.97 -2.31%
EMB iShares JP Morgan USD Emerging Markets Bond ETF -903.16 16,584.34 -5.45%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -770.97 21,896.13 -3.52%
VCIT Vanguard Intermediate-Term Corporate Bond ETF -655.31 42,166.79 -1.55%
ARKG ARK Genomic Revolution ETF -475.20 9,345.29 -5.08%
BIV Vanguard Intermediate-Term Bond ETF -466.18 14,198.38 -3.28%
IYR iShares U.S. Real Estate ETF -457.38 4,254.07 -10.75%
ARKW ARK Next Generation Internet ETF -450.68 7,079.94 -6.37%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 15,826.25 3,362,904.26 0.47%
International Equity 3,500.90 1,154,995.09 0.30%
U.S. Fixed Income -1,241.76 970,781.84 -0.13%
International Fixed Income -529.01 127,462.37 -0.42%
Commodities -1,504.35 131,994.96 -1.14%
Currency -48.13 1,909.35 -2.52%
Leveraged 559.30 51,511.83 1.09%
Inverse 191.22 11,923.48 1.60%
Asset Allocation 54.19 14,240.50 0.38%
Alternatives -259.73 6,148.47 -4.22%
Total: 16,548.87 5,833,872.15 0.28%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 77,821.72 3,362,904.26 2.31%
International Equity 71,342.01 1,154,995.09 6.18%
U.S. Fixed Income 23,015.52 970,781.84 2.37%
International Fixed Income 7,095.82 127,462.37 5.57%
Commodities -4,282.65 131,994.96 -3.24%
Currency 20.08 1,909.35 1.05%
Leveraged 2,675.31 51,511.83 5.19%
Inverse 2,055.39 11,923.48 17.24%
Asset Allocation 718.62 14,240.50 5.05%
Alternatives 1,035.62 6,148.47 16.84%
Total: 181,497.43 5,833,872.15 3.11%

 

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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