ETFs Add $38B During Week

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.