ETFs Add $38B During Week

June 18, 2021

U.S.-listed ETFs pulled in $38.3 billion during the week ended Thursday, June 17, boosting the year-to-date inflows to a stunning $455.8 billion. That compares with year-to-date inflows at this time in 2020 of just $198.4 billion, meaning this year’s numbers have more than doubled.

U.S. equity ETFs, in particular, dominated during the week, pulling in $27.3 billion, up from just $7.5 billion in inflows last week.

There are now $6.5 billion in assets under management by U.S.-listed ETFs, compared to approximately $4.4 billion during the same week last year.

US Equities Continue Charge

U.S. equity-focused funds claimed the top seven spots for the ETFs with the largest inflows this week, amounting to a combined total of nearly $15 billion in flows. Vanguard dominated creations, with five of its ETFs claiming spots in the top 10, with roughly $12 billion in new flows.

The Vanguard Growth ETF (VUG) led the way during the week, posting $2.8 billion in inflows. It was followed closely by the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV), which each pulled in roughly $2.5 billion.

Interestingly, the SPDR S&P 500 ETF Trust (SPY) led outflows for the week, with a loss of $2.4 billion. Given the fact that so many U.S. equity ETFs overshadowed the leading creations, it seems likely that some investors may have simply been rotating into lower-cost products. Both VTI and IVV charge an expense ratio of 0.03%, while SPY charges 0.9%.

Junk Bonds Retreat

Two junk bond ETFs found their way into the top 10 ETFs for outflows during the week. The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) claimed the No. 2 spot after SPY, with a loss for the week of $1.1 billion. The SPDR Bloomberg Barclays High Yield Bond ETF (JNK) was in the No. 8 spot, with a loss of $437 million.

With the Fed projecting inflation of more than 3% through 2021 and potentially above 2% through 2023, it’s not surprising the iShares 1-3 Year Treasury Bond ETF (SHY) lost $836.7 million through outflows in the week.

That compares to the iShares 20+ Year Treasury Bond ETF (TLT) , which posted inflows of $963.9 million in the same period after the Fed made multiple calls that short-term inflation pressures would subside as the broader economy recovers from the sugar high generated from pent-up spending as the U.S. continues to emerge from COVID-19 lockdowns.

Contact Dan Mika at [email protected], and follow him on Twitter.

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VUG Vanguard Growth ETF 2,826.27 78,233.72 3.61%
VTI Vanguard Total Stock Market ETF 2,521.84 249,210.81 1.01%
IVV iShares Core S&P 500 ETF 2,468.56 281,086.56 0.88%
QQQ Invesco QQQ Trust 2,327.94 165,926.73 1.40%
VO Vanguard Mid-Cap ETF 1,726.54 50,739.51 3.40%
VTV Vanguard Value ETF 1,592.72 83,540.25 1.91%
VB Vanguard Small-Cap ETF 1,431.81 48,149.43 2.97%
IEFA iShares Core MSCI EAFE ETF 1,318.15 97,953.83 1.35%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 1,023.49 40,254.27 2.54%
TLT iShares 20+ Year Treasury Bond ETF 963.85 14,304.46 6.74%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,389.51 361,373.01 -0.66%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -1,102.61 19,771.54 -5.58%
SHY iShares 1-3 Year Treasury Bond ETF -836.72 19,630.57 -4.26%
TQQQ ProShares UltraPro QQQ -787.50 11,383.03 -6.92%
IBB iShares Biotechnology ETF -545.39 10,294.07 -5.30%
XBI SPDR S&P Biotech ETF -485.60 6,905.37 -7.03%
DIA SPDR Dow Jones Industrial Average ETF Trust -444.49 30,134.01 -1.48%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -437.82 9,305.59 -4.70%
SPYV SPDR Portfolio S&P 500 Value ETF -379.10 12,337.31 -3.07%
USMV iShares MSCI USA Min Vol Factor ETF -336.78 27,445.40 -1.23%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 27,283.30 3,771,963.76 0.72%
International Equity 7,882.85 1,289,720.51 0.61%
U.S. Fixed Income 3,264.75 1,028,801.95 0.32%
International Fixed Income 610.16 141,486.82 0.43%
Commodities -32.71 147,370.72 -0.02%
Currency 31.21 1,902.56 1.64%
Leveraged -1,186.37 57,983.82 -2.05%
Inverse 242.41 12,070.85 2.01%
Asset Allocation 131.89 16,132.65 0.82%
Alternatives 82.58 6,411.58 1.29%
Total: 38,310.08 6,473,845.22 0.59%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 218,837.68 3,771,963.76 5.80%
International Equity 133,513.60 1,289,720.51 10.35%
U.S. Fixed Income 75,453.47 1,028,801.95 7.33%
International Fixed Income 20,073.02 141,486.82 14.19%
Commodities -179.08 147,370.72 -0.12%
Currency -3.55 1,902.56 -0.19%
Leveraged 403.91 57,983.82 0.70%
Inverse 3,789.80 12,070.85 31.40%
Asset Allocation 1,921.78 16,132.65 11.91%
Alternatives 2,002.06 6,411.58 31.23%
Total: 455,812.68 6,473,845.22 7.04%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
GSCE GS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN 10.34% 1,008 27,445.40
BDRY Breakwave Dry Bulk Shipping ETF 8.34% 1,931,471 111.53
MLPO Credit Suisse S&P MLP Index ETN 5.22% 2,805 26.09
BITQ Bitwise Crypto Industry Innovators ETF 4.63% 390,463 52.24
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 4.06% 108,873,376 1,011.77
VIXY ProShares VIX Short-Term Futures ETF 4.04% 13,925,348 315.37
DAPP VanEck Vectors Digital Transformation ETF 3.51% 104,313 30.62
SOGU The Short De-SPAC ETF 3.05% 14,550 9.87
EWZS iShares MSCI Brazil Small-Cap ETF 2.32% 285,766 129.53
XES SPDR S&P Oil & Gas Equipment & Services ETF 2.27% 396,782 195.26

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 264.55% 8.34% 111.53
ILCV iShares Morningstar Value ETF 129.83% -0.86% 725.25
PSCE Invesco S&P SmallCap Energy ETF 76.16% 0.74% 221.21
FCG First Trust Natural Gas ETF 75.11% 0.43% 280.91
PXE Invesco Dynamic Energy Exploration & Production ETF 74.23% 0.32% 91.98
PXI Invesco DWA Energy Momentum ETF 67.10% 1.70% 223.95
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 65.00% -2.11% 10.04
FRAK VanEck Vectors Unconventional Oil & Gas ETF 64.45% 0.12% 19.18
AMZA InfraCap MLP ETF 62.15% 1.27% 342.58
XOP SPDR S&P Oil & Gas Exploration & Production ETF 59.71% 0.09% 4,491.85

 

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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