Equities Power $19B In Weekly ETF Flows

August 13, 2021

U.S. equities bounced back from just $600 million in inflows last week to $13.6 billion in the past week to power a net inflow of just more than $19 billion into U.S. ETFs between Aug. 6 and Aug. 12, according to ETF.com data provider FactSet.

Investors have now placed a net $545.3 billion into U.S.-listed ETFs year-to-date as of Thursday, while overall assets under management stand shy of $6.7 trillion.

Confidence Drives Equities

The resurgence in U.S. equities comes as little surprise after the S&P 500 Index posted three straight record-high closes to end the period, and opened on a record high Friday as investors brushed off fears of inflation and the continued threat of the COVID-19 delta variant on economic recovery.

The Health Care Select Sector SPDR Fund (XLV) and the Consumer Staples Select Sector SPDR Fund (XLP) were the top asset losers for the week, with a combined $1.4 billion in outflows, suggesting some investors were willing to pull back on defensive strategies.

However, the S&P 500 and the Dow Jones Industrial Average’s gains were stunted in early Friday trading after the University of Michigan Consumer Sentiment Index fell by 13.5% from July to August to its lowest level since December 2011.

Bank ETFs Gain On Interest Hike Talk

Banking was the most represented industry on the top 10 inflows list this week, with the Financial Select Sector SPDR Fund (XLF), SPDR S&P Regional Banking ETF (KRE) and Invesco KBW Bank ETF (KBWB) gaining just shy of $2.8 billion combined.

Atlanta Federal Reserve President Raphael Bostic and Richmond Fed President Tom Barkin both said this week that the Fed may start tapering its bond purchases by the fourth quarter, and that inflation had already attained the averaged-out 2% target adopted by the central bank last year.

Those comments spurred discussions about a rate hike from the Fed either late next year or in early 2023, which would benefit bank profits down the line.

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
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 2,390.80 42,320.57 5.65%
SPY SPDR S&P 500 ETF Trust 2,235.86 387,117.55 0.58%
VTI Vanguard Total Stock Market ETF 2,025.71 265,955.82 0.76%
QQQ Invesco QQQ Trust 1,891.51 184,378.36 1.03%
XLF Financial Select Sector SPDR Fund 1,521.81 42,493.31 3.58%
VOO Vanguard S&P 500 ETF 1,213.13 248,572.08 0.49%
KRE SPDR S&P Regional Banking ETF 712.65 4,812.56 14.81%
VO Vanguard Mid-Cap ETF 644.94 52,056.70 1.24%
KBWB Invesco KBW Bank ETF 548.18 3,161.85 17.34%
IGV iShares Expanded Tech-Software Sector ETF 513.45 5,511.84 9.32%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
XLV Health Care Select Sector SPDR Fund -862.11 31,681.46 -2.72%
XLP Consumer Staples Select Sector SPDR Fund -557.00 12,956.70 -4.30%
JNK SPDR Bloomberg Barclays High Yield Bond ETF -435.66 8,643.82 -5.04%
TLT iShares 20+ Year Treasury Bond ETF -424.66 16,517.07 -2.57%
UWM ProShares Ultra Russell2000 -401.24 319.39 -125.63%
MBB iShares MBS ETF -325.85 24,958.36 -1.31%
TOK iShares MSCI Kokusai ETF -279.01 211.14 -132.14%
VCIT Vanguard Intermediate-Term Corporate Bond ETF -266.87 46,215.78 -0.58%
VGT Vanguard Information Technology ETF -265.81 48,913.06 -0.54%
GLD SPDR Gold Trust -233.75 57,371.06 -0.41%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 13,633.64 3,948,769.96 0.35%
International Equity 1,000.12 1,295,124.51 0.08%
U.S. Fixed Income 3,725.34 1,063,096.19 0.35%
International Fixed Income 728.69 147,804.05 0.49%
Commodities -83.56 136,673.12 -0.06%
Currency -18.71 1,956.11 -0.96%
Leveraged -513.29 61,471.65 -0.84%
Inverse 222.87 11,966.01 1.86%
Asset Allocation 155.63 17,815.50 0.87%
Alternatives 184.78 6,538.38 2.83%
Total: 19,035.50 6,691,215.50 0.28%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 252,537.25 3,948,769.96 6.40%
International Equity 154,368.04 1,295,124.51 11.92%
U.S. Fixed Income 104,093.73 1,063,096.19 9.79%
International Fixed Income 26,010.29 147,804.05 17.60%
Commodities -1,578.99 136,673.12 -1.16%
Currency 76.56 1,956.11 3.91%
Leveraged -455.60 61,471.65 -0.74%
Inverse 4,746.83 11,966.01 39.67%
Asset Allocation 3,159.89 17,815.50 17.74%
Alternatives 2,336.41 6,538.38 35.73%
Total: 545,294.42 6,691,215.50 8.15%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
KAPR Innovator Russell 2000 Power Buffer ETF - April 0.00% 89,092 78.74
AAAU Goldman Sachs Physical Gold ETF 0.00% 373,864 369.34
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.00% 1,225,395 5,606.16
ACES ALPS Clean Energy ETF 0.00% 43,623 948.56
ACIO Aptus Collared Income Opportunity ETF 0.00% 49,323 255.30
ACSI American Customer Satisfaction ETF 0.00% 1,844 82.53
ACTV LeaderShares Activist Leaders ETF 0.00% 5,611 67.74
ACVF American Conservative Values ETF 0.00% 1,389 14.13
ACWF iShares MSCI Global Multifactor ETF 0.00% 8,830 137.23
ACWI iShares MSCI ACWI ETF 0.00% 2,452,675 17,289.77

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 245.45% 0.00% 91.14
ILCV iShares Morningstar Value ETF 136.53% 0.00% 757.55
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 91.97% 0.00% 17.02
GRN iPath Series B Carbon ETN 75.90% 0.00% 72.06
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 69.66% 0.00% 1,026.02
FCG First Trust Natural Gas ETF 58.32% 0.00% 245.25
PXE Invesco Dynamic Energy Exploration & Production ETF 57.63% 0.00% 79.35
UNG United States Natural Gas Fund LP 57.39% 0.00% 280.07
MLPO Credit Suisse S&P MLP Index ETN 55.46% 0.00% 22.91
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 52.58% 0.00% 6.19

 

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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