Most of the fresh assets, again, landed into U.S. equity funds and, secondly, into international equity ETFs—a trend we’ve seen taking shape all year at the expense of appetite for fixed income strategies. Today, U.S. equity ETFs snag more than half of the market’s total $6.1 trillion in assets.
Among the week’s most notable creations, there was evident appetite for value stocks. Four of the 10 biggest asset inflows this past week happened in value ETFs tied to U.S. large cap and midcap stocks. Funds like the iShares MSCI USA Value Factor ETF (VLUE) and the SPDR S&P 400 Mid Cap Value ETF (MDYV) top that list (see below.)
Another interesting stat in the week’s numbers is the $2.4 billion net creation in the Invesco QQQ Trust (QQQ). This fund has been under pressure this year as growth and tech names lose steam in the face of a reopening trade centered on value. Coming into this week, QQQ had already tallied about $2.5 billion in net redemptions so far in 2021, making this past week’s inflows a complete reversal of fortunes for the fund.
QQQ is one of the market’s most traded ETFs, offering access to large cap names in the Nasdaq-100 excluding financial stocks. That design skews the portfolio heavily into tech names—more than 60% of the weighting is in this sector—making QQQ a popular vehicle with traders and investors expressing views on technology and growth names.
The year has so far offered another testament to the staying power, and the massive growth potential, of the ETF wrapper itself. ETFs have attracted more than $356 billion in net creations year-to-date, breaking records as they grow.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | 2,411.25 | 152,762.89 | 1.58% |
| VOO | Vanguard S&P 500 ETF | 1,552.89 | 216,092.90 | 0.72% |
| SPY | SPDR S&P 500 ETF Trust | 1,182.90 | 354,049.23 | 0.33% |
| IEFA | iShares Core MSCI EAFE ETF | 1,088.35 | 92,378.93 | 1.18% |
| RSP | Invesco S&P 500 Equal Weight ETF | 814.92 | 27,352.42 | 2.98% |
| VLUE | iShares MSCI USA Value Factor ETF | 781.15 | 15,994.91 | 4.88% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 729.15 | 2,230.65 | 32.69% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 607.87 | 12,307.67 | 4.94% |
| VTV | Vanguard Value ETF | 583.59 | 78,978.79 | 0.74% |
| XLV | Health Care Select Sector SPDR Fund | 571.45 | 27,037.00 | 2.11% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IWM | iShares Russell 2000 ETF | -1,438.04 | 62,473.26 | -2.30% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | -1,066.51 | 9,189.26 | -11.61% |
| XLI | Industrial Select Sector SPDR Fund | -882.67 | 19,809.61 | -4.46% |
| IVV | iShares Core S&P 500 ETF | -837.16 | 270,040.55 | -0.31% |
| IYR | iShares U.S. Real Estate ETF | -761.28 | 4,985.50 | -15.27% |
| XLE | Energy Select Sector SPDR Fund | -511.69 | 24,148.75 | -2.12% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -391.64 | 21,306.54 | -1.84% |
| USMV | iShares MSCI USA Min Vol Factor ETF | -344.64 | 28,034.62 | -1.23% |
| ARKG | ARK Genomic Revolution ETF | -343.63 | 7,651.80 | -4.49% |
| ARKW | ARK Next Generation Internet ETF | -326.85 | 5,266.22 | -6.21% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 11,595.82 | 3,533,097.63 | 0.33% |
| International Equity | 4,692.27 | 1,204,892.54 | 0.39% |
| U.S. Fixed Income | 1,487.81 | 1,005,288.14 | 0.15% |
| International Fixed Income | 767.17 | 136,334.48 | 0.56% |
| Commodities | 927.83 | 140,719.29 | 0.66% |
| Currency | -8.89 | 1,766.87 | -0.50% |
| Leveraged | 856.96 | 53,936.01 | 1.59% |
| Inverse | 165.68 | 11,819.34 | 1.40% |
| Asset Allocation | 21.00 | 15,156.83 | 0.14% |
| Alternatives | -9.38 | 6,443.94 | -0.15% |
| Total: | 20,496.26 | 6,109,455.08 | 0.34% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 170,768.65 | 3,533,097.63 | 4.83% |
| International Equity | 106,979.68 | 1,204,892.54 | 8.88% |
| U.S. Fixed Income | 58,353.95 | 1,005,288.14 | 5.80% |
| International Fixed Income | 15,997.74 | 136,334.48 | 11.73% |
| Commodities | -4,678.76 | 140,719.29 | -3.32% |
| Currency | -135.86 | 1,766.87 | -7.69% |
| Leveraged | 2,935.69 | 53,936.01 | 5.44% |
| Inverse | 2,892.70 | 11,819.34 | 24.47% |
| Asset Allocation | 1,415.29 | 15,156.83 | 9.34% |
| Alternatives | 1,810.85 | 6,443.94 | 28.10% |
| Total: | 356,339.92 | 6,109,455.08 | 5.83% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| VIXY | ProShares VIX Short-Term Futures ETF | 31.87% | 88,831,490 | 315.45 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3x Shares | 15.54% | 1,304,286 | 23.47 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 13.05% | 465,611 | 94.76 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 11.53% | 83,413 | 42.32 |
| GRN | iPath Series B Carbon ETN | 7.40% | 122,177 | 56.64 |
| EPU | iShares MSCI Peru ETF | 6.41% | 188,565 | 205.93 |
| KRBN | KraneShares Global Carbon ETF | 5.04% | 3,517,369 | 340.44 |
| SPDN | Direxion Daily S&P 500 Bear 1X Shares | 4.09% | 3,156,852 | 120.12 |
| CHB | Global X China Biotech Innovation ETF | 4.01% | 7,028 | 6.38 |
| RJN | Elements Rogers International Commodity Index-Energy TR ETN | 3.74% | 55,755 | 3.52 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| ISCB | iShares Morningstar Small-Cap ETF | 350.73% | -5.56% | 230.05 |
| IMCB | iShares Morningstar Mid-Cap ETF | 335.50% | -4.19% | 855.47 |
| ILCB | iShares Morningstar U.S. Equity ETF | 322.48% | -4.06% | 855.93 |
| ISCV | iShares Morningstar Small Cap Value ETF | 271.55% | -5.02% | 449.37 |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 268.37% | -3.64% | 460.68 |
| BDRY | Breakwave Dry Bulk Shipping ETF | 214.29% | -6.56% | 116.38 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 148.96% | 1,360.27 | |
| ILCV | iShares Morningstar Value ETF | 127.28% | -3.19% | 706.31 |
| GRN | iPath Series B Carbon ETN | 69.96% | 7.40% | 56.64 |
| JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 58.69% | 0.20% | 8.10 |
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.
