ETFs See Record Weekly Flows Of $71B

March 19, 2021

Inflows for U.S.-listed ETFs shattered records this week amid a combination of tax-related creation activity and continued strong demand from investors.

A net $71 billion flowed into the space during the week ending Thursday, March 18, according to the latest data from FactSet.

Padded By Heartbeat Trades

Judging by the spiky inflows for broad vanilla ETFs like the Vanguard Dividend Appreciation ETF (VIG) and the Schwab U.S. Dividend Equity ETF (SCHD), it’s likely that this week’s massive inflows figure was padded by tax-related “heartbeat” trades, much of which may reverse next week.

Still, ETF inflows have been strong all year, so it wouldn’t be surprising if investors continued to plow money into these and other products during the week.

Indeed, in less than three months, $252.5 billion has flowed into ETFs, more than triple the $70.7 billion seen at this same time a year ago. Extrapolating the current pace, U.S.-listed ETFS are on track to haul in more than $1 trillion this year, which, if it came to pass, would blow the existing annual record of $476.1 billion out of the water.

US Equity ETFs Lead Flows

Following this week’s moves, U.S. equity ETFs are the most in-demand category of funds, with year-to-date inflows of $138.1 billion. That’s followed by international equity ETFs, with $78.1 billion; and U.S. fixed income ETFs, with inflows of $26.1 billion year-to-date.

During the week, the S&P 500 inched up to a fresh record high of 3,974, holding just below the 4,000 level as it’s done for the past month or so.

Meanwhile, Treasuries continued to sell off, with the 10-year yield spiking as high as 1.75% on Thursday (bond yields and prices move inversely).

The iShares 7-10 Year Treasury Bond ETF (IEF) and the SPDR Gold Trust (GLD) were notable flows losers during the week.

For a full list the top inflows and outflows of the week and the year as a whole, see the tables below:

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VIG Vanguard Dividend Appreciation ETF 12,592.05 67,318.36 18.71%
SCHD Schwab U.S. Dividend Equity ETF 5,186.43 25,637.30 20.23%
VO Vanguard Mid-Cap ETF 3,627.28 49,687.01 7.30%
VB Vanguard Small-Cap ETF 2,562.59 47,255.11 5.42%
VXF Vanguard Extended Market ETF 1,797.66 17,825.61 10.08%
VBK Vanguard Small-Cap Growth ETF 1,577.72 17,214.96 9.16%
RSP Invesco S&P 500 Equal Weight ETF 1,553.45 24,605.47 6.31%
VOO Vanguard S&P 500 ETF 1,549.98 205,381.58 0.75%
IJH iShares Core S&P Mid-Cap ETF 1,502.95 63,180.15 2.38%
QQQ Invesco QQQ Trust 1,296.16 153,742.16 0.84%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
HYLB Xtrackers USD High Yield Corporate Bond ETF -644.35 6,566.31 -9.81%
SPY SPDR S&P 500 ETF Trust -548.58 339,866.09 -0.16%
EFV iShares MSCI EAFE Value ETF -390.56 11,742.24 -3.33%
GLD SPDR Gold Trust -387.41 58,283.61 -0.66%
IEF iShares 7-10 Year Treasury Bond ETF -352.96 13,759.63 -2.57%
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF -345.98 1,339.83 -25.82%
USMV iShares MSCI USA Min Vol Factor ETF -340.76 28,265.33 -1.21%
SHV iShares Short Treasury Bond ETF -329.33 15,971.58 -2.06%
IGV iShares Expanded Tech-Software Sector ETF -313.71 5,121.36 -6.13%
TIP iShares TIPS Bond ETF -200.64 25,792.81 -0.78%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 60,308.22 3,494,897.12 1.73%
International Equity 6,698.25 1,184,670.70 0.57%
U.S. Fixed Income 3,164.28 971,168.64 0.33%
International Fixed Income 889.25 128,305.39 0.69%
Commodities -427.40 132,579.01 -0.32%
Currency -30.28 1,879.83 -1.61%
Leveraged 412.57 55,328.44 0.75%
Inverse -177.08 11,411.35 -1.55%
Asset Allocation 89.61 14,485.76 0.62%
Alternatives 79.55 5,993.25 1.33%
Total: 71,006.97 6,000,719.48 1.18%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 138,132.37 3,494,897.12 3.95%
International Equity 78,055.02 1,184,670.70 6.59%
U.S. Fixed Income 26,141.11 971,168.64 2.69%
International Fixed Income 7,994.16 128,305.39 6.23%
Commodities -4,710.05 132,579.01 -3.55%
Currency -10.19 1,879.83 -0.54%
Leveraged 3,087.88 55,328.44 5.58%
Inverse 1,878.30 11,411.35 16.46%
Asset Allocation 799.14 14,485.76 5.52%
Alternatives 1,104.31 5,993.25 18.43%
Total: 252,472.05 6,000,719.48 4.21%

 

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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