Weekly ETF Flows At $4.5B As Q2 Ends

July 02, 2021

Net flows into U.S.-based ETFs came in at $4.5 billion in the week ending July 1,  U.S. equities posting its first net outflow of 2021.

ETFs have seen $472.5 billion of inflows this year, missing its last opportunity to breach a once-thought-impossible mark of $500 billion amassed within half a year. Overall, ETFs hold $6.5 trillion in assets under management.

Trades Send US Equities Negative

A likely combination of heartbeat trades and position closing before the end of the second quarter pushed U.S. equities into its first net outflow week in all of 2021.

The asset class lost $4.3 billion in the week, compared to $5.8 billion in inflows last week. Several of the Russell Index funds that saw major inflows last week were the biggest losers in the final week of the second quarter, with most of those redemptions nearly identical to last week’s gains:

The two largest funds continued to see massive inflows this week as the major indexes finished off a bullish first half of the year. The SPDR S&P 500 ETF Trust (SPY) gained $5.3 billion, followed by the Invesco QQQ Trust (QQQ), which san $2.8 billion added in the week.

Ag Funds Outperform

Seven of the 10 top-performing nonleveraged funds this week follow corn and soybean futures, which rallied earlier in the week on dual events.

An unexpected frost and cold snap hit Brazil’s corn-growing regions, threatening the crops with damage after farmers in the country were forced to plant later than usual due to an unusually hot and dry planting season for soybeans before it.

At the same time, the U.S. Department of Agriculture’s annual acreage report showed American farmers planted nearly 1 million acres of corn and 1.4 million acres of soybeans less than expected, driving futures up at the Chicago Mercantile Exchange on Wednesday.

The Teucrium Corn Fund (CORN) led all funds in performance, with an 11.3% gain, followed by the iPath Series B Bloomberg Grains Subindex Total Return ETN (JJG), with a gain of 10.25%.

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 5,298.65 376,686.22 1.41%
QQQ Invesco QQQ Trust 2,827.28 177,009.59 1.60%
DIA SPDR Dow Jones Industrial Average ETF Trust 877.78 30,770.28 2.85%
VOO Vanguard S&P 500 ETF 871.59 232,774.40 0.37%
VTI Vanguard Total Stock Market ETF 748.43 252,833.71 0.30%
SPYG SPDR Portfolio S&P 500 Growth ETF 737.65 12,378.50 5.96%
BND Vanguard Total Bond Market ETF 710.85 78,830.04 0.90%
XLK Technology Select Sector SPDR Fund 692.74 42,435.45 1.63%
TLT iShares 20+ Year Treasury Bond ETF 617.80 15,469.30 3.99%
IBB iShares Biotechnology ETF 406.21 10,839.85 3.75%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IWF iShares Russell 1000 Growth ETF -6,534.29 69,189.03 -9.44%
IWP iShares Russell Mid-Cap Growth ETF -2,415.60 15,686.71 -15.40%
IWN iShares Russell 2000 Value ETF -2,203.34 16,690.46 -13.20%
IWD iShares Russell 1000 Value ETF -1,498.41 54,020.84 -2.77%
VONG Vanguard Russell 1000 Growth ETF -816.78 6,692.55 -12.20%
IWR iShares Russell Mid-Cap ETF -788.34 29,630.64 -2.66%
MDYV SPDR S&P 400 Mid Cap Value ETF -744.02 1,526.57 -48.74%
XLF Financial Select Sector SPDR Fund -742.87 40,751.26 -1.82%
XLP Consumer Staples Select Sector SPDR Fund -598.23 11,547.44 -5.18%
OMFL Invesco Russell 1000 Dynamic Multifactor ETF -549.81 1,537.58 -35.76%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -4,327.66 3,814,546.58 -0.11%
International Equity 2,598.12 1,284,317.12 0.20%
U.S. Fixed Income 5,322.21 1,043,071.82 0.51%
International Fixed Income 1,391.02 143,157.35 0.97%
Commodities -157.74 140,269.87 -0.11%
Currency 23.26 1,942.09 1.20%
Leveraged -489.47 60,834.43 -0.80%
Inverse 86.49 11,702.36 0.74%
Asset Allocation 96.94 16,347.87 0.59%
Alternatives -35.85 6,397.79 -0.56%
Total: 4,507.33 6,522,587.27 0.07%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 220,350.38 3,814,546.58 5.78%
International Equity 138,083.69 1,284,317.12 10.75%
U.S. Fixed Income 84,602.23 1,043,071.82 8.11%
International Fixed Income 21,722.40 143,157.35 15.17%
Commodities -660.11 140,269.87 -0.47%
Currency 55.50 1,942.09 2.86%
Leveraged 209.23 60,834.43 0.34%
Inverse 3,962.60 11,702.36 33.86%
Asset Allocation 2,080.52 16,347.87 12.73%
Alternatives 2,097.52 6,397.79 32.79%
Total: 472,503.95 6,522,587.27 7.24%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CORN Teucrium Corn Fund 11.30% 2,558,911 176.75
JJG iPath Series B Bloomberg Grains Subindex Total Return ETN 10.25% 14,342 22.31
BITQ Bitwise Crypto Industry Innovators ETF 9.03% 278,728 55.59
FUE ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN 8.90% 5,094 1.39
GRU ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN 8.34% 26,164 6.03
SOYB Teucrium Soybean Fund 8.27% 476,760 70.78
DAPP VanEck Vectors Digital Transformation ETF 7.78% 115,355 33.17
JJA iPath Series B Bloomberg Agriculture Subindex Total Return ETN 7.49% 16,448 13.07
HELX Franklin Genomic Advancements ETF 6.93% 29,952 18.11
TAGS Teucrium Agricultural Fund 6.89% 20,347 10.09

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 281.17% -2.04% 114.04
ILCV iShares Morningstar Value ETF 132.27% -0.03% 722.64
FCG First Trust Natural Gas ETF 86.92% -1.80% 305.50
PSCE Invesco S&P SmallCap Energy ETF 83.08% -3.49% 217.26
PXE Invesco Dynamic Energy Exploration & Production ETF 82.39% -3.41% 93.91
GRN iPath Series B Carbon ETN 76.13% 3.11% 61.47
PXI Invesco DWA Energy Momentum ETF 74.17% -3.44% 209.92
FRAK VanEck Vectors Unconventional Oil & Gas ETF 74.00% -1.97% 19.29
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 72.39% 2.07% 10.17
XOP SPDR S&P Oil & Gas Exploration & Production ETF 66.61% -3.07% 4,125.99

 

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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