Weekly ETF Flows See $4B Gain

July 09, 2021

New inflows in U.S.-based ETFs declined by about $500 million week-over-week, but still posted an overall gain of just over $4 billion in the week ending July 8.

Despite hitting new highs earlier in the week, the S&P 500 saw a 1.5% decline upon opening on Thursday before recovering to a 0.82% loss on the day, while the 10-year Treasury yield fell as low as 1.27%. Investors were taking in the possibility of the COVID-19 delta variant’s potential to slow global recovery and cause illness to vaccinated Americans.

U.S.-based ETFs have garnered $477.6 billion in net flows this year, and now hold $6.55 trillion in assets under management.

US Equities Slide Again

It wasn’t quite the heartbeat-trade-driven rout that occurred at the quarter’s end last week, but U.S. equities saw outflows of $770 million during this week. That marks the second straight week of outflows after going nearly the entire first half of the year with weekly gains.

The SPDR S&P 500 ETF Trust (SPY) was the biggest loser of the week, with outflows of $3.5 billion. However, the Vanguard S&P 500 ETF (VOO), the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P 500 ETF (IVV) posted a combined inflow of about $3.3 billion. That suggests investors were looking to shave their expense ratios in the broad equities portion of their portfolios.

Rough Week For IYR

The iShares U.S. Real Estate ETF (IYR) suffered outflows of $1.39 billion during the period, amounting to a loss of almost 24%.

The benchmark real estate fund appears to be in a correction after it recorded almost $2.6 billion in net flows last month. Fears over whether COVID-19 could surge again likely played a part in the drop, as the fund is heavily weighted toward commercial and specialized REITs, along with broader fears over a slowdown in the global recovery from the pandemic.

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
VOO Vanguard S&P 500 ETF 1,600.80 237,715.44 0.67%
VTI Vanguard Total Stock Market ETF 1,016.08 256,266.95 0.40%
XLV Health Care Select Sector SPDR Fund 947.39 29,823.37 3.18%
TLT iShares 20+ Year Treasury Bond ETF 713.93 16,583.83 4.30%
IEFA iShares Core MSCI EAFE ETF 705.45 97,136.30 0.73%
IVV iShares Core S&P 500 ETF 694.98 291,069.26 0.24%
TIP iShares TIPS Bond ETF 512.18 28,880.73 1.77%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 473.94 20,881.55 2.27%
QUAL iShares MSCI USA Quality Factor ETF 445.99 22,402.36 1.99%
VEA Vanguard FTSE Developed Markets ETF 389.44 101,955.01 0.38%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -3,475.35 378,611.34 -0.92%
IYR iShares U.S. Real Estate ETF -1,382.84 5,776.45 -23.94%
IEF iShares 7-10 Year Treasury Bond ETF -912.64 12,671.82 -7.20%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -608.04 39,581.55 -1.54%
XLF Financial Select Sector SPDR Fund -565.59 39,845.73 -1.42%
XLE Energy Select Sector SPDR Fund -544.01 24,054.04 -2.26%
DIA SPDR Dow Jones Industrial Average ETF Trust -538.49 30,401.44 -1.77%
ARKK ARK Innovation ETF -479.23 23,576.47 -2.03%
EWC iShares MSCI Canada ETF -443.53 3,898.17 -11.38%
LMBS First Trust Low Duration Opportunities ETF -412.74 6,853.04 -6.02%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -770.41 3,840,456.63 -0.02%
International Equity 1,531.49 1,278,687.66 0.12%
U.S. Fixed Income 1,792.06 1,048,373.40 0.17%
International Fixed Income 740.81 144,193.86 0.51%
Commodities -132.48 142,416.41 -0.09%
Currency -15.48 1,915.25 -0.81%
Leveraged 522.96 61,549.00 0.85%
Inverse 269.22 11,783.28 2.28%
Asset Allocation 79.01 16,538.48 0.48%
Alternatives 5.73 6,414.62 0.09%
Total: 4,022.91 6,552,328.60 0.06%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 220,590.46 3,840,456.63 5.74%
International Equity 139,654.84 1,278,687.66 10.92%
U.S. Fixed Income 86,394.28 1,048,373.40 8.24%
International Fixed Income 22,487.05 144,193.86 15.60%
Commodities -792.48 142,416.41 -0.56%
Currency 36.29 1,915.25 1.89%
Leveraged 726.74 61,549.00 1.18%
Inverse 4,230.83 11,783.28 35.91%
Asset Allocation 2,159.54 16,538.48 13.06%
Alternatives 2,103.25 6,414.62 32.79%
Total: 477,590.81 6,552,328.60 7.29%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CLIX ProShares Long Online/Short Stores ETF 7.77% 32,550 98.85
ONLN ProShares Online Retail ETF 7.29% 291,504 1,090.67
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 5.36% 629,801 783.08
LIT Global X Lithium & Battery Tech ETF 4.64% 1,920,674 3,771.17
CHIM Global X MSCI China Materials ETF 4.61% 3,464 5.51
SOGU The Short De-SPAC ETF 4.54% 14,724 16.04
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF 2.97% 65,254 413.30
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index ETF 2.93% 267,603 415.97
EDV Vanguard Extended Duration Treasury ETF 2.75% 542,233 1,118.20
VIXY ProShares VIX Short-Term Futures ETF 2.67% 9,049,119 277.68

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 249.61% 0.19% 102.83
ILCV iShares Morningstar Value ETF 132.99% -0.59% 725.39
FCG First Trust Natural Gas ETF 76.89% -6.22% 292.60
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 74.23% 0.75% 10.31
PXE Invesco Dynamic Energy Exploration & Production ETF 73.97% -5.94% 90.18
PSCE Invesco S&P SmallCap Energy ETF 70.99% -6.83% 199.49
MLPO Credit Suisse S&P MLP Index ETN 67.51% 2.68% 24.52
FRAK VanEck Vectors Unconventional Oil & Gas ETF 65.77% -6.56% 18.40
GRN iPath Series B Carbon ETN 63.56% -7.39% 58.47
PXI Invesco DWA Energy Momentum ETF 63.02% -7.31% 196.68

 

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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