ETFs Gain $17.9B Despite Jittery Week

August 20, 2021

Inflows into U.S.-listed ETFs fell by about $1.1 billion week-over-week, but brought in a net $17.9 billion as investors sold off in the wake of a continued COVID-19 surge and word that the Federal Reserve will slow its bond-buying program.

As of Aug. 19, U.S.-listed ETFs have gained a net $563.2 billion in flows this year, and currently hold just over $6.62 trillion in assets under management, according to ETF.com data provider FactSet.

Broad Market, Quality Gains

The largest inflows on the week went to funds with broad-based indexes. The SPDR S&P 500 ETF Trust (SPY) led all funds by gaining more than $5.2 billion, while the Vanguard S&P 500 ETF (VOO) gained $815 million and the Vanguard Total International Stock ETF (VXUS) rose by $703 million.

Those increases come despite the S&P 500 losing 2.1% off the close of trading Monday to shortly before day’s end of Thursday. The sell-off intensified on the release of minutes of the Fed’s last meeting, which showed that a majority of governors supported drawing down the bond-buying program that propped up credit and liquidity throughout the pandemic.

Investors also rotated into some more defensive positions during the period, with the Invesco S&P 500 Low Volatility ETF (SPLV) gaining almost $1.3 billion for an AUM increase of 13.4%. The Health Care Select Sector SPDR Fund (XLV) gained $538.1 million in net flows, while the iShares MSCI USA Quality Factor ETF (QUAL) gained $416.7 million.

Gold, Retail Fall

Gold’s continued loss of popularity as a defensive asset continued during the week. The SPDR Gold Trust (GLD) lost the most of all ETFs during the period, with investors pulling $482.2 million for an AUM loss of 0.83%.

Meanwhile, the U.S. retail industry benchmark SPDR S&P Retail ETF (XRT) was routed, seeing outflows of $292.3 million, amounting to a 31.4% decline in its AUM. The rising number of COVID-19 cases across the country likely renewed fears of restrictions or a drop in foot traffic in physical stores, and a report from the Wall Street Journal suggesting that Amazon is planning to open physical department store locations for its private-label wares added to those fears.

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
SPY SPDR S&P 500 ETF Trust 5,248.61 388,333.24 1.35%
SPLV Invesco S&P 500 Low Volatility ETF 1,260.32 9,404.17 13.40%
VOO Vanguard S&P 500 ETF 815.51 246,875.37 0.33%
VXUS Vanguard Total International Stock ETF 703.25 49,394.68 1.42%
XLV Health Care Select Sector SPDR Fund 538.14 32,910.84 1.64%
QQQ Invesco QQQ Trust 520.77 182,882.22 0.28%
XLF Financial Select Sector SPDR Fund 497.51 41,824.63 1.19%
VEA Vanguard FTSE Developed Markets ETF 421.97 104,045.82 0.41%
QUAL iShares MSCI USA Quality Factor ETF 416.71 24,651.72 1.69%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 409.62 19,647.33 2.08%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
GLD SPDR Gold Trust -482.19 58,194.14 -0.83%
XLI Industrial Select Sector SPDR Fund -411.28 18,977.05 -2.17%
ARKK ARK Innovation ETF -409.04 21,095.44 -1.94%
IWM iShares Russell 2000 ETF -400.71 63,585.21 -0.63%
IBB iShares Biotechnology ETF -362.69 11,113.43 -3.26%
USHY iShares Broad USD High Yield Corporate Bond ETF -317.55 7,990.70 -3.97%
XRT SPDR S&P Retail ETF -292.33 931.29 -31.39%
IVV iShares Core S&P 500 ETF -269.18 295,611.27 -0.09%
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF -257.13 6,004.32 -4.28%
KRE SPDR S&P Regional Banking ETF -253.31 4,342.70 -5.83%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 12,122.30 3,900,966.41 0.31%
International Equity 1,910.47 1,269,518.89 0.15%
U.S. Fixed Income 2,897.30 1,068,455.29 0.27%
International Fixed Income 550.88 148,593.29 0.37%
Commodities -611.08 137,698.63 -0.44%
Currency -18.81 1,934.97 -0.97%
Leveraged 649.96 58,940.74 1.10%
Inverse -38.88 12,164.39 -0.32%
Asset Allocation 221.78 17,886.70 1.24%
Alternatives 203.74 6,848.12 2.98%
Total: 17,887.66 6,623,007.44 0.27%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 264,673.50 3,900,966.41 6.78%
International Equity 156,273.06 1,269,518.89 12.31%
U.S. Fixed Income 106,991.21 1,068,455.29 10.01%
International Fixed Income 26,561.17 148,593.29 17.88%
Commodities -2,215.27 137,698.63 -1.61%
Currency 57.74 1,934.97 2.98%
Leveraged 194.56 58,940.74 0.33%
Inverse 4,707.95 12,164.39 38.70%
Asset Allocation 3,385.71 17,886.70 18.93%
Alternatives 2,553.04 6,848.12 37.28%
Total: 563,182.67 6,623,007.44 8.50%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
VIXY ProShares VIX Short-Term Futures ETF 10.82% 22,274,501 339.37
VXX iPath Series B S&P 500 VIX Short Term Futures ETN 10.62% 135,211,133 1,209.19
SOGU The Short De-SPAC ETF 8.09% 167,534 21.60
BDRY Breakwave Dry Bulk Shipping ETF 5.83% 848,682 97.56
VIXM ProShares VIX Mid-Term Futures ETF 5.33% 355,781 103.68
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 4.30% 279,253 43.35
GXG Global X MSCI Colombia ETF 3.68% 21,565 38.52
ICOL iShares MSCI Colombia ETF 3.04% 143,590 34.95
NIB iPath Bloomberg Cocoa Subindex Total Return ETN 2.74% 131,569 19.87
GRN iPath Series B Carbon ETN 2.48% 154,741 71.92

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 284.42% 5.83% 97.56
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 95.24% 0.45% 16.34
GRN iPath Series B Carbon ETN 74.57% 2.48% 71.92
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 58.22% -7.85% 930.35
MLPO Credit Suisse S&P MLP Index ETN 57.86% 1.74% 22.17
FUE ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN 52.55% -0.84% 1.61
KRBN KraneShares Global Carbon ETF 51.36% 1.69% 607.09
UNG United States Natural Gas Fund LP 45.54% -0.81% 258.97
PXE Invesco Dynamic Energy Exploration & Production ETF 45.35% -6.32% 68.54
FCG First Trust Natural Gas ETF 44.98% -6.26% 214.78

 

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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