ETF Inflows Rebound From Prior Week’s Losses

July 30, 2021

U.S.-listed ETFs bounced back from last week’s Delta variant scare that drove a net outflow of about $1.46 billion from the market, piling in roughly $23.5 billion in the period between July 23 and July 29.

The recovery sent the industry past the vaunted $500 billion year-to-date inflow mark on Monday after wavering just below that threshold for most of the month. U.S. equities had a week-over-week change of approximately $17 billion in inflows, while inflows to U.S. fixed income nearly quadrupled to $7.2 billion.

Cumulative flows for the year now stand at $520.3 billion, according to ETF.com data provider FactSet.

Big Tech Earnings

The week’s main drivers were big technology companies reporting earnings. Microsoft, Google parent Alphabet and Apple all posted higher-than-expected revenues, but suffered sell-offs after warning that the surge of Delta variant cases and the prospect for inflation could temper growth through the second half of the year. Amazon shares slid 6% early Friday after it missed net sales estimates and projected a slowdown in e-commerce sales.

However, the tech-heavy Invesco QQQ Trust (QQQ) and the iShares Global Tech ETF (IXN) gained a combined inflow of more than $4 billion, while the Ark Innovation ETF (ARKK) suffered a $548 million outflow.

Short-Term Bond Volatility

A handful of fixed income ETFs traded at the extremes this week, primarily within funds that aim for exposure to bonds reaching maturity within one to five years.

The Vanguard Short-Term Bond ETF (BSV) led all ETFs in creations, with net inflows of nearly $4.6 billion, while the iShares TIPS Bond ETF (TIP) gathered $1.86 billion.

On the other hand, the iShares U.S. Treasury Bond ETF (GOVT) was the biggest loser this week, as investors pulled just over $2 billion from the fund, while the iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) lost close to $1.4 billion.

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
BSV Vanguard Short-Term Bond ETF 4,576.32 39,513.24 11.58%
QQQ Invesco QQQ Trust 3,050.59 183,052.32 1.67%
TIP iShares TIPS Bond ETF 1,855.43 31,509.21 5.89%
SPY SPDR S&P 500 ETF Trust 1,479.78 382,335.06 0.39%
ESGU iShares ESG Aware MSCI USA ETF 1,416.67 20,745.46 6.83%
EFG iShares MSCI EAFE Growth ETF 1,259.44 12,086.93 10.42%
IXN iShares Global Tech ETF 1,033.63 5,573.37 18.55%
SDY SPDR S&P Dividend ETF 976.68 20,539.87 4.76%
VTI Vanguard Total Stock Market ETF 826.06 260,603.97 0.32%
VT Vanguard Total World Stock ETF 749.28 23,886.01 3.14%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GOVT iShares U.S. Treasury Bond ETF -2,069.92 15,511.07 -13.34%
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF -1,398.07 25,216.31 -5.54%
MTUM iShares MSCI USA Momentum Factor ETF -1,217.14 14,527.02 -8.38%
IWM iShares Russell 2000 ETF -1,001.21 65,458.72 -1.53%
IVV iShares Core S&P 500 ETF -991.88 295,651.90 -0.34%
IEF iShares 7-10 Year Treasury Bond ETF -611.69 13,710.57 -4.46%
ARKK ARK Innovation ETF -548.07 22,669.85 -2.42%
VGT Vanguard Information Technology ETF -347.96 49,111.63 -0.71%
QUAL iShares MSCI USA Quality Factor ETF -346.49 23,883.00 -1.45%
KRE SPDR S&P Regional Banking ETF -313.49 4,218.80 -7.43%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 10,553.40 3,883,960.89 0.27%
International Equity 4,665.07 1,273,529.72 0.37%
U.S. Fixed Income 7,220.59 1,063,219.68 0.68%
International Fixed Income 434.04 146,880.26 0.30%
Commodities 399.24 140,943.68 0.28%
Currency 9.24 1,967.99 0.47%
Leveraged 267.64 61,754.48 0.43%
Inverse -133.89 11,538.99 -1.16%
Asset Allocation 46.50 17,293.89 0.27%
Alternatives 22.87 6,435.59 0.36%
Total: 23,484.70 6,607,525.17 0.36%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 238,259.66 3,883,960.89 6.13%
International Equity 150,983.96 1,273,529.72 11.86%
U.S. Fixed Income 97,439.79 1,063,219.68 9.16%
International Fixed Income 24,760.86 146,880.26 16.86%
Commodities -1,387.46 140,943.68 -0.98%
Currency 85.81 1,967.99 4.36%
Leveraged 923.74 61,754.48 1.50%
Inverse 4,253.67 11,538.99 36.86%
Asset Allocation 2,884.27 17,293.89 16.68%
Alternatives 2,081.35 6,435.59 32.34%
Total: 520,285.65 6,607,525.17 7.87%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
JOJO ATAC Credit Rotation ETF 100,655.00% 2,365 4.03
BITQ Bitwise Crypto Industry Innovators ETF 10.30% 342,899 54.11
DAPP VanEck Vectors Digital Transformation ETF 9.71% 99,362 32.43
RIGZ Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF 9.68% 117,559 3.69
GRN iPath Series B Carbon ETN 6.24% 174,743 55.16
NIB iPath Bloomberg Cocoa Subindex Total Return ETN 5.84% 64,971 20.37
JO iPath Series B Bloomberg Coffee Subindex Total Return ETN 5.62% 524,075 100.67
BLOK Amplify Transformational Data Sharing ETF 5.12% 1,174,160 1,114.13
POTX Global X Cannabis ETF 4.80% 651,304 170.57
MJ ETFMG Alternative Harvest ETF 4.69% 3,677,963 1,410.81

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 231.04% -5.91% 83.51
ILCV iShares Morningstar Value ETF 134.04% 0.17% 741.00
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 90.68% 0.87% 13.34
GRN iPath Series B Carbon ETN 66.29% 6.24% 55.16
FCG First Trust Natural Gas ETF 64.01% 2.13% 256.08
PXE Invesco Dynamic Energy Exploration & Production ETF 60.90% 2.52% 79.79
PSCE Invesco S&P SmallCap Energy ETF 56.63% 2.38% 154.57
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 56.27% 0.47% 867.06
FRAK VanEck Vectors Unconventional Oil & Gas ETF 54.65% 1.15% 17.19
DBO Invesco DB Oil Fund 52.31% 0.47% 496.96

 

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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