Weekly ETF Flows See $8.5B Gain

Aug 27, 2021

Reviewed by: Dan Mika

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

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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Weekly ETF Flows See $8.5B Gain

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