ETF Inflows Rebound From Prior Week’s Losses

Jul 30, 2021

Reviewed by: Dan Mika

Edited by: Dan Mika

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.

Dan Mika

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.

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ETF Inflows Rebound From Prior Week’s Losses

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