Delta Variant Spurs ETF Outflow For Week

July 23, 2021

U.S.-listed ETFs had net outflows of a little under $1.5 billion this week after Wall Street had its worst day in months, marking the third week this year that investors have pulled money out of the industry.

Fears over the growing surge of COVID-19 variants around the world and the potential for slowing recovery sent the S&P 500 into a 1.5% decline on Monday as investors sought more risk-off positions.

However, a slew of strong corporate earnings led to an immediate bounce-back on Tuesday and continued positive days through the end of Thursday, July 22.

Cumulative inflows for U.S.-listed funds now stand at just over $496.2 billion and well within striking distance of the milestone $500 billion inflow mark.

US Equities Slip Bear Brunt

The sell-off on Monday primarily hit U.S. equity funds hard, with the asset class losing $6.7 billion compared to inflows of $3.6 billion and $1.5 billion for international equities and U.S. fixed income, respectively.

The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) were the main losers on the week, with respective outflows of $6.1 billion and $4.1 billion.

On the flip side, the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) recorded net inflows of $1.9 billion and $1.8 billion, respectively, while the iShares 7-10 Year Treasury Bond ETF (IEF) posted an AUM gain of 11% as fears of short-run inflation continued to percolate.

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
IVV iShares Core S&P 500 ETF 1,955.21 293,773.97 0.67%
VOO Vanguard S&P 500 ETF 1,829.10 240,733.62 0.76%
IEF iShares 7-10 Year Treasury Bond ETF 1,577.67 14,250.11 11.07%
IEFA iShares Core MSCI EAFE ETF 1,150.50 97,468.77 1.18%
XLP Consumer Staples Select Sector SPDR Fund 1,041.23 12,392.42 8.40%
QUAL iShares MSCI USA Quality Factor ETF 989.07 23,913.90 4.14%
XLV Health Care Select Sector SPDR Fund 682.86 30,982.50 2.20%
ITOT iShares Core S&P Total U.S. Stock Market ETF 539.43 40,918.97 1.32%
ARKK ARK Innovation ETF 516.94 23,472.35 2.20%
IWF iShares Russell 1000 Growth ETF 512.70 71,739.04 0.71%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -6,134.01 377,190.65 -1.63%
QQQ Invesco QQQ Trust -4,064.98 177,905.96 -2.28%
FTCS First Trust Capital Strength ETF -1,833.26 8,312.37 -22.05%
PKW Invesco BuyBack Achievers ETF -869.04 1,247.21 -69.68%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -866.35 39,879.10 -2.17%
IYT iShares U.S Transportation Average ETF -556.35 1,656.73 -33.58%
DIA SPDR Dow Jones Industrial Average ETF Trust -428.96 30,180.08 -1.42%
DVY iShares Select Dividend ETF -421.88 17,633.31 -2.39%
SCZ iShares MSCI EAFE Small-Cap ETF -420.05 12,920.71 -3.25%
TLT iShares 20+ Year Treasury Bond ETF -411.98 15,790.04 -2.61%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -6,657.42 3,844,664.47 -0.17%
International Equity 3,573.17 1,271,363.64 0.28%
U.S. Fixed Income 1,465.87 1,052,472.28 0.14%
International Fixed Income 309.12 146,240.64 0.21%
Commodities -623.61 140,567.57 -0.44%
Currency 18.91 1,955.18 0.97%
Leveraged 354.98 60,984.17 0.58%
Inverse 57.43 11,827.26 0.49%
Asset Allocation 152.21 16,612.59 0.92%
Alternatives -109.37 6,381.57 -1.71%
Total: -1,458.71 6,553,069.38 -0.02%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 227,694.62 3,844,664.47 5.92%
International Equity 146,304.35 1,271,363.64 11.51%
U.S. Fixed Income 90,215.20 1,052,472.28 8.57%
International Fixed Income 24,326.82 146,240.64 16.63%
Commodities -1,786.70 140,567.57 -1.27%
Currency 76.57 1,955.18 3.92%
Leveraged 656.11 60,984.17 1.08%
Inverse 4,387.56 11,827.26 37.10%
Asset Allocation 2,303.29 16,612.59 13.86%
Alternatives 2,058.48 6,381.57 32.26%
Total: 496,236.30 6,553,069.38 7.57%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
IXN iShares Global Tech ETF 505.16% 2,045,180 4,517.70
IHI iShares U.S. Medical Devices ETF 502.79% 4,714,208 7,863.02
JO iPath Series B Bloomberg Coffee Subindex Total Return ETN 10.42% 312,672 95.26
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 7.61% 1,091,825 865.14
TAN Invesco Solar ETF 7.17% 5,698,513 3,373.46
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund 7.04% 1,330,307 2,691.78
PBW Invesco WilderHill Clean Energy ETF 6.74% 1,323,710 2,001.69
JFWD Jacob Forward ETF 6.72% 176,943 4.62
DAPP VanEck Vectors Digital Transformation ETF 6.65% 99,582 30.22
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 6.64% 23,084 6.11

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 238.96% 6.49% 86.65
ILCV iShares Morningstar Value ETF 133.00% 0.72% 725.54
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 83.97% -0.17% 10.91
FCG First Trust Natural Gas ETF 64.01% 2.42% 267.08
PXE Invesco Dynamic Energy Exploration & Production ETF 61.00% 2.14% 83.37
GRN iPath Series B Carbon ETN 60.82% -1.91% 56.16
PSCE Invesco S&P SmallCap Energy ETF 59.59% 2.94% 167.60
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 56.06% 7.61% 865.14
FRAK VanEck Vectors Unconventional Oil & Gas ETF 54.62% 1.47% 17.22
XRT SPDR S&P Retail ETF 50.22% 4.31% 1,083.22

 

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.

Find your next ETF

Reset All