Weekly ETF Flows See $8.5B Gain

A slowdown in equities was the prime reason for lower inflows than the prior week.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

Investments into U.S.-listed ETFs hit a net $8.5 billion during the week ended Aug. 26, according to ETF.com data provider FactSet, a slowdown from the $17.9 billion the previous week.

A slowdown in U.S. equities from $12.1 billion last week to just $2.5 billion in the past five trading days was the primary driver of the week-to-week decline. However, a 57% increase in U.S. fixed income inflows to $4.6 billion was a partial offset.

U.S.-listed ETFs have now gained  $569.6 billion year-to-date, while $6.7 trillion in assets are under management within the industry.

China Funds Resurge

Beijing’s moves to rein in large industries across China during the past few months have cast a shadow over ETFs that track U.S.-listed Chinese firms.

But earnings beats for two prominent China e-commerce firms calmed investors’ fears of political risk, and made the Invesco Golden Dragon China ETF (PGJ) and KraneShares CSI China Internet ETF (KWEB) the top-performing ETFs of the week, with returns of 13.72% and 12.74%, respectively.

KWEB also had the largest percentage gain in assets out of all ETFs in the week, jumping 11.57% after several tumultuous weeks of sell-offs and holdouts believing the fund is due for a rebound.

Oil Production, Banking ETFs Get Corrections

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and Invesco KBW Bank ETF (KBWB) had the deepest sell-offs of the week, with AUM losses of 18.19% and 9.49%, respectively.

It’s not exactly clear why XOP suffered such a violent drop, as forward-month oil gained 8.5% from Monday to 2:30 p.m. ET Friday on news that China reported no locally  transmitted cases of COVID-19 for the first time in months on Monday.

Oil producer stocks are also gaining Friday after Tropical Storm Ida was forecast to grow into a Category 3 storm as it travels through the Gulf of Mexico and the shores of Louisiana sometime late Sunday. Crews are being evacuated from offshore rigs in anticipation of the storm, which may have significant effects on oil supply.

KBWB’s drop in assets appears to have been caused by investors cycling out of defensive moves into financials two weeks ago. The fund gained 17.34% in that period to lead gains among several banking ETFs.

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
QQQ Invesco QQQ Trust 1,410.18 189,685.65 0.74%
VTI Vanguard Total Stock Market ETF 1,092.73 268,182.62 0.41%
IVV iShares Core S&P 500 ETF 847.76 302,236.96 0.28%
VOO Vanguard S&P 500 ETF 780.36 251,893.96 0.31%
KWEB KraneShares CSI China Internet ETF 638.46 5,468.99 11.67%
SCZ iShares MSCI EAFE Small-Cap ETF 481.35 13,890.87 3.47%
TLT iShares 20+ Year Treasury Bond ETF 479.03 17,440.61 2.75%
XLP Consumer Staples Select Sector SPDR Fund 467.57 13,326.47 3.51%
VXUS Vanguard Total International Stock ETF 437.11 49,629.32 0.88%
IWF iShares Russell 1000 Growth ETF 412.60 74,898.94 0.55%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -5,327.69 393,494.76 -1.35%
GLD SPDR Gold Trust -770.14 58,227.97 -1.32%
IWM iShares Russell 2000 ETF -715.72 65,568.78 -1.09%
XOP SPDR S&P Oil & Gas Exploration & Production ETF -524.42 2,882.67 -18.19%
DIA SPDR Dow Jones Industrial Average ETF Trust -433.46 30,539.55 -1.42%
TQQQ ProShares UltraPro QQQ -301.66 14,124.47 -2.14%
XLB Materials Select Sector SPDR Fund -277.31 8,469.20 -3.27%
KBWB Invesco KBW Bank ETF -269.86 2,844.57 -9.49%
SHV iShares Short Treasury Bond ETF -225.36 14,437.73 -1.56%
XLI Industrial Select Sector SPDR Fund -216.64 19,067.78 -1.14%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 2,496.29 3,978,814.70 0.06%
International Equity 2,680.50 1,282,716.50 0.21%
U.S. Fixed Income 4,574.97 1,073,429.37 0.43%
International Fixed Income 388.93 149,012.23 0.26%
Commodities -1,077.06 138,354.29 -0.78%
Currency -6.77 1,927.45 -0.35%
Leveraged -641.30 62,502.31 -1.03%
Inverse -22.06 11,705.33 -0.19%
Asset Allocation 16.15 18,061.81 0.09%
Alternatives 39.38 6,755.08 0.58%
Total: 8,449.03 6,723,279.08 0.13%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 266,015.36 3,978,814.70 6.69%
International Equity 158,331.45 1,282,716.50 12.34%
U.S. Fixed Income 111,325.76 1,073,429.37 10.37%
International Fixed Income 26,925.42 149,012.23 18.07%
Commodities -3,184.23 138,354.29 -2.30%
Currency 50.98 1,927.45 2.64%
Leveraged -534.35 62,502.31 -0.85%
Inverse 4,745.71 11,705.33 40.54%
Asset Allocation 3,388.31 18,061.81 18.76%
Alternatives 2,557.39 6,755.08 37.86%
Total: 569,621.81 6,723,279.08 8.47%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
PGJ Invesco Golden Dragon China ETF 13.72% 596,932 222.23
KWEB KraneShares CSI China Internet ETF 12.74% 117,934,324 5,468.99
DSPC The De-SPAC ETF 12.20% 4,635 2.91
PXI Invesco DWA Energy Momentum ETF 12.10% 2,114,909 76.12
URNM North Shore Global Uranium Mining ETF 11.68% 426,644 303.92
XOP SPDR S&P Oil & Gas Exploration & Production ETF 10.58% 43,179,087 2,882.67
XES SPDR S&P Oil & Gas Equipment & Services ETF 10.50% 284,762 138.70
CNCR Loncar Cancer Immunotherapy ETF 10.43% 75,002 43.81
BKCH Global X Blockchain ETF 10.39% 269,881 27.89
PSCE Invesco S&P SmallCap Energy ETF 10.35% 3,695,472 114.77

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 281.82% 0.44% 93.14
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 81.21% -0.41% 15.11
GRN iPath Series B Carbon ETN 74.49% 5.28% 71.21
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 71.10% 8.89% 991.63
MLPO Credit Suisse S&P MLP Index ETN 61.84% 2.52% 22.45
PXE Invesco Dynamic Energy Exploration & Production ETF 55.55% 9.94% 72.08
FCG First Trust Natural Gas ETF 55.01% 10.21% 226.55
XRT SPDR S&P Retail ETF 51.52% 4.73% 1,166.99
FUE ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN 50.81% 0.91% 1.58
KRBN KraneShares Global Carbon ETF 50.63% 3.98% 610.72

 

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 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.