The U.S. ETF industry exceeded $600 billion in year-to-date net inflows earlier this week, extending a record-breaking year after crossing the $500 billion threshold a little more than a month ago.
U.S.-listed ETFs closed trading on Thursday with just under $602 billion after adding $22.4 billion in new assets in the period between Aug. 27 and Sept. 2, according to ETF.com data provider FactSet.
Broad Equities Continue Run
The $13.4 billion increase in flows over the week prior was driven almost single-handedly by a $13 billion increase in assets moved into U.S. equities. The top gainers on the week were broad vanilla funds, with the SPDR S&P 500 Trust (SPY) taking in $5.2 billion, followed by the Invesco QQQ Trust (QQQ) and the Vanguard S&P 500 ETF (VOO) adding $3.9 billion and $1.1 billion, respectively.
The iShares TIPS Bond ETF (TIP) was the largest nonequity gainer on the week, with $1.0 billion in inflows.
The iShares 7-10 Year Treasury Bond ETF (IEF) had the biggest outflows, with almost $1.1 billion in losses, while the Invesco S&P 500 High Beta ETF (SPHB) dropped almost 32% of its assets under management after nearly $900 million was pulled on Thursday.
Both of those ETFs had inflows of about the same amount exactly 31 days ago, which raises the possibility that they were part of a tax-related trading strategy.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 5,149.16 | 401,855.09 | 1.28% |
| QQQ | Invesco QQQ Trust | 3,858.41 | 196,608.57 | 1.96% |
| VOO | Vanguard S&P 500 ETF | 1,085.29 | 256,113.64 | 0.42% |
| TIP | iShares TIPS Bond ETF | 1,044.95 | 33,630.97 | 3.11% |
| IVV | iShares Core S&P 500 ETF | 904.64 | 305,951.54 | 0.30% |
| IWM | iShares Russell 2000 ETF | 762.88 | 68,804.26 | 1.11% |
| VTI | Vanguard Total Stock Market ETF | 667.83 | 273,971.32 | 0.24% |
| BND | Vanguard Total Bond Market ETF | 621.86 | 81,668.51 | 0.76% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 540.28 | 15,268.99 | 3.54% |
| VXUS | Vanguard Total International Stock ETF | 432.35 | 51,522.56 | 0.84% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| IEF | iShares 7-10 Year Treasury Bond ETF | -1,077.99 | 13,668.24 | -7.89% |
| ACWI | iShares MSCI ACWI ETF | -586.36 | 16,939.67 | -3.46% |
| IJH | iShares Core S&P Mid-Cap ETF | -511.13 | 64,518.67 | -0.79% |
| IWB | iShares Russell 1000 ETF | -457.88 | 31,128.96 | -1.47% |
| TLT | iShares 20+ Year Treasury Bond ETF | -416.55 | 17,058.39 | -2.44% |
| IJR | iShares Core S&P Small-Cap ETF | -413.30 | 70,098.62 | -0.59% |
| SPHB | Invesco S&P 500 High Beta ETF | -391.06 | 1,242.70 | -31.47% |
| SOXL | Direxion Daily Semiconductor Bull 3X Shares | -282.71 | 3,856.97 | -7.33% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -270.59 | 42,339.81 | -0.64% |
| XLP | Consumer Staples Select Sector SPDR Fund | -252.49 | 13,265.34 | -1.90% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 15,543.20 | 4,047,588.05 | 0.38% |
| International Equity | 2,745.08 | 1,316,873.35 | 0.21% |
| U.S. Fixed Income | 3,733.38 | 1,077,521.36 | 0.35% |
| International Fixed Income | 668.14 | 149,844.65 | 0.45% |
| Commodities | -289.75 | 138,863.34 | -0.21% |
| Currency | -14.39 | 1,915.59 | -0.75% |
| Leveraged | -439.99 | 64,558.95 | -0.68% |
| Inverse | 312.03 | 11,918.29 | 2.62% |
| Asset Allocation | 137.69 | 18,400.72 | 0.75% |
| Alternatives | 39.73 | 6,717.93 | 0.59% |
| Total: | 22,435.11 | 6,834,202.23 | 0.33% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 288,475.35 | 4,047,588.05 | 7.13% |
| International Equity | 162,599.41 | 1,316,873.35 | 12.35% |
| U.S. Fixed Income | 115,646.25 | 1,077,521.36 | 10.73% |
| International Fixed Income | 27,809.99 | 149,844.65 | 18.56% |
| Commodities | -3,423.58 | 138,863.34 | -2.47% |
| Currency | 35.39 | 1,915.59 | 1.85% |
| Leveraged | -614.76 | 64,558.95 | -0.95% |
| Inverse | 5,239.03 | 11,918.29 | 43.96% |
| Asset Allocation | 3,579.80 | 18,400.72 | 19.45% |
| Alternatives | 2,598.34 | 6,717.93 | 38.68% |
| Total: | 601,945.22 | 6,834,202.23 | 8.81% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| URNM | North Shore Global Uranium Mining ETF | 11.21% | 677,242 | 368.14 |
| KWEB | KraneShares CSI China Internet ETF | 10.76% | 58,836,890 | 7,335.28 |
| KTEC | KraneShares Hang Seng TECH Index ETF | 9.15% | 15,987 | 2.07 |
| URA | Global X Uranium ETF | 8.78% | 2,860,771 | 676.37 |
| PGJ | Invesco Golden Dragon China ETF | 7.71% | 316,201 | 243.40 |
| EMQQ | Emerging Markets Internet & Ecommerce ETF | 7.39% | 740,610 | 1,395.87 |
| CHIE | Global X MSCI China Energy ETF | 6.78% | 34,544 | 3.61 |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 6.33% | 32,094 | 5.08 |
| CHIC | Global X MSCI China Communication Services ETF | 6.30% | 25,619 | 12.76 |
| FDNI | First Trust Dow Jones International Internet ETF | 6.28% | 54,937 | 117.56 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| BDRY | Breakwave Dry Bulk Shipping ETF | 260.13% | -7.57% | 81.37 |
| GRN | iPath Series B Carbon ETN | 85.89% | 0.34% | 75.81 |
| JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 83.25% | -1.01% | 14.44 |
| UNG | United States Natural Gas Fund LP | 75.00% | 4.95% | 284.88 |
| REMX | VanEck Rare Earth/Strategic Metals ETF | 74.17% | 3.03% | 1,032.17 |
| GAZ | iPath Series B Bloomberg Natural Gas Subindex Total Return ETN | 68.82% | 4.97% | 6.22 |
| KRBN | KraneShares Global Carbon ETF | 60.54% | 0.43% | 717.16 |
| UNL | United States 12 Month Natural Gas Fund LP | 60.01% | 3.32% | 12.16 |
| MLPO | Credit Suisse S&P MLP Index ETN | 59.74% | 0.00% | 22.84 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 58.92% | -1.11% | 73.31 |
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.
