The S&P 500 hovered near record highs this week as growth stocks continued to rebound from their steep losses earlier this month. U.S. equity ETFs pulled in $11.1 billion of fresh cash during the period.
International stocks also did well; the MSCI Europe Index hit a record high this week, surpassing previous peaks from the years 2000 and 2007.
The JPMorgan BetaBuilders Europe ETF (BBEU) was one of the top asset gatherers of the week, pulling in $1.1 billion of new money.
Joining BBEU on the weekly top inflows list were the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ) and the iShares MSCI USA Quality Factor ETF (QUAL).
SPLV’s Heartbeat Trade
On the other side of the ledger, the Invesco S&P 500 Low Volatility ETF (SPLV) topped the outflows list. Its nearly $2 billion of outflows reversed a similarly-sized inflow from last week, suggesting this was the second leg of a tax-related heartbeat trade.
Meanwhile, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the Financial Select Sector SPDR Fund (XLF) and the iShares Core S&P 500 ETF (IVV) each saw weekly outflows of more than $500 million.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 3,006.23 | 359,450.44 | 0.84% |
| QQQ | Invesco QQQ Trust | 2,819.59 | 162,002.34 | 1.74% |
| QUAL | iShares MSCI USA Quality Factor ETF | 1,220.64 | 21,745.64 | 5.61% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 1,143.74 | 8,434.78 | 13.56% |
| VOO | Vanguard S&P 500 ETF | 781.60 | 225,171.54 | 0.35% |
| JNK | SPDR Bloomberg Barclays High Yield Bond ETF | 738.58 | 10,622.94 | 6.95% |
| BSV | Vanguard Short-Term Bond ETF | 617.37 | 33,848.23 | 1.82% |
| VTI | Vanguard Total Stock Market ETF | 543.15 | 242,807.91 | 0.22% |
| SCHO | Schwab Short-Term U.S. Treasury ETF | 536.26 | 9,465.97 | 5.67% |
| USD | ProShares Ultra Semiconductors | 516.85 | 245.01 | 210.95% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPLV | Invesco S&P 500 Low Volatility ETF | -1,964.30 | 8,129.00 | -24.16% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -1,167.17 | 41,019.44 | -2.85% |
| XLF | Financial Select Sector SPDR Fund | -573.69 | 43,956.42 | -1.31% |
| IVV | iShares Core S&P 500 ETF | -502.94 | 278,940.52 | -0.18% |
| IHI | iShares U.S. Medical Devices ETF | -497.38 | 8,026.50 | -6.20% |
| TLT | iShares 20+ Year Treasury Bond ETF | -468.79 | 12,723.93 | -3.68% |
| USMV | iShares MSCI USA Min Vol Factor ETF | -463.20 | 27,861.45 | -1.66% |
| SPHB | Invesco S&P 500 High Beta ETF | -410.04 | 2,078.74 | -19.73% |
| SMH | VanEck Vectors Semiconductor ETF | -347.82 | 5,316.10 | -6.54% |
| IYR | iShares U.S. Real Estate ETF | -307.42 | 4,725.24 | -6.51% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 11,093.71 | 3,671,465.96 | 0.30% |
| International Equity | 5,027.73 | 1,260,712.18 | 0.40% |
| U.S. Fixed Income | 3,969.41 | 1,021,024.39 | 0.39% |
| International Fixed Income | 809.52 | 138,705.49 | 0.58% |
| Commodities | 1,470.14 | 147,208.46 | 1.00% |
| Currency | 25.69 | 1,804.42 | 1.42% |
| Leveraged | 1,361.70 | 58,113.76 | 2.34% |
| Inverse | 3.51 | 11,649.48 | 0.03% |
| Asset Allocation | 58.98 | 15,752.67 | 0.37% |
| Alternatives | 257.83 | 6,373.43 | 4.05% |
| Total: | 24,078.22 | 6,332,810.25 | 0.38% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 183,006.57 | 3,671,465.96 | 4.98% |
| International Equity | 116,022.08 | 1,260,712.18 | 9.20% |
| U.S. Fixed Income | 68,094.66 | 1,021,024.39 | 6.67% |
| International Fixed Income | 17,595.86 | 138,705.49 | 12.69% |
| Commodities | -1,802.90 | 147,208.46 | -1.22% |
| Currency | -102.91 | 1,804.42 | -5.70% |
| Leveraged | 4,476.16 | 58,113.76 | 7.70% |
| Inverse | 2,838.21 | 11,649.48 | 24.36% |
| Asset Allocation | 1,498.56 | 15,752.67 | 9.51% |
| Alternatives | 1,865.40 | 6,373.43 | 29.27% |
| Total: | 393,491.70 | 6,332,810.25 | 6.21% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| NTSI | WisdomTree International Efficient Core Fund | 40,425,500.00% | 3,886 | 2.01 |
| NTSE | WisdomTree Emerging Markets Efficient Core Fund | 42,989.89% | 4,089 | 2.03 |
| VIXY | ProShares VIX Short-Term Futures ETF | 281.68% | 8,270,411 | 315.94 |
| MLPO | Credit Suisse S&P MLP Index ETN | 13.25% | 3,597 | 23.64 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 11.00% | 744,237 | 40.35 |
| DAPP | VanEck Vectors Digital Transformation ETF | 10.03% | 279,952 | 27.05 |
| SFYF | SoFi Social 50 ETF | 9.44% | 27,983 | 15.98 |
| BLOK | Amplify Transformational Data Sharing ETF | 8.31% | 2,200,781 | 1,097.82 |
| GSCE | GS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN | 7.21% | 1,984 | 1,097.82 |
| VFIN | Simplify Volt Fintech Disruption ETF | 6.78% | 9,540 | 2.17 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| BDRY | Breakwave Dry Bulk Shipping ETF | 211.17% | -10.80% | 102.17 |
| ILCV | iShares Morningstar Value ETF | 132.25% | 0.29% | 722.57 |
| VIXY | ProShares VIX Short-Term Futures ETF | 124.45% | 281.68% | 315.94 |
| GRN | iPath Series B Carbon ETN | 64.09% | 3.77% | 58.60 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 64.05% | 1.34% | 71.21 |
| FCG | First Trust Natural Gas ETF | 63.39% | 0.91% | 208.44 |
| PSCE | Invesco S&P SmallCap Energy ETF | 61.35% | 1.43% | 156.27 |
| MLPO | Credit Suisse S&P MLP Index ETN | 61.21% | 13.25% | 23.64 |
| JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 60.12% | -1.08% | 8.33 |
| PXI | Invesco DWA Energy Momentum ETF | 53.11% | 1.16% | 168.71 |
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.
