ETFs See $30B Weekly Outflows

September 24, 2021

The S&P 500 and the Dow Jones Industrial Average both recovered from a brutal correction on Monday to end the week in the positive, but ETFs have yet to recoup their losses.

U.S.-listed ETFs lost more than $29.6 billion to outflows from Sept, 17 to Sept. 23, according to ETF.com data provider FactSet, with approximately $27.5 billion in outflows on Monday alone.

A quartet of fears swept across the market between a potential default of Chinese property developer Evergrande, a Federal Reserve meeting that ultimately signaled tighter monetary policy on the way, brinkmanship in Washington over the debt ceiling and the ongoing COVID-19 pandemic heading into the winter.

Broad Indexes Retreat

Broad vanilla index funds have been steady gainers through most of 2021 but spent this week filling the outflow leaders chart.

The SPDR S&P 500 ETF Trust (SPY) had the largest outflow of funds, with $5.8 billion being pulled, while the Vanguard Extended Market ETF (VXF) suffered the largest loss of percentage of assets under management, with a 16.21% drawdown.

The Vanguard Growth ETF (VUG), the Vanguard Dividend Appreciation ETF (VIG) and the Vanguard Mid-Cap ETF (VO) rounded out the top five losers, with outflows of 3.3%, 4.3% and 4.6%, respectively.

Mixed Bag Of Inflow Leaders

The leaders chart for the week is varied, with some gains suggesting a portion of investors think deals were to be found in the correction. The iShares Russell 2000 ETF (IWM) led gainers by dollar amount with inflows of $2.2 billion and a 3.3% gain in AUM. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the largest gainer by AUM percentage, adding 9.0%, or $311.3 million, in net flows.

Investors also made buys into several sectors of the fixed income space. The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) led that segment, with a gain of 5.5%, while the iShares 7-10 Year Treasury Bond ETF (IEF) and the PIMCO Enhanced Short Maturity Active ETF (MINT) were also in the top 10 list, with 3.2% and 2.2% in inflows, respectively.

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
IWM iShares Russell 2000 ETF 2,206.88 66,922.70 3.30%
VOO Vanguard S&P 500 ETF 1,676.53 252,703.75 0.66%
TQQQ ProShares UltraPro QQQ 1,069.18 15,140.94 7.06%
BSV Vanguard Short-Term Bond ETF 582.66 42,021.21 1.39%
IEF iShares 7-10 Year Treasury Bond ETF 443.18 13,826.48 3.21%
MTUM iShares MSCI USA Momentum Factor ETF 440.80 15,201.21 2.90%
USIG iShares Broad USD Investment Grade Corporate Bond ETF 362.68 6,631.29 5.47%
XBI SPDR S&P Biotech ETF 346.89 7,500.67 4.62%
MINT PIMCO Enhanced Short Maturity Active ETF 321.17 14,385.93 2.23%
XOP SPDR S&P Oil & Gas Exploration & Production ETF 311.30 3,463.63 8.99%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -5,803.93 395,460.08 -1.47%
VXF Vanguard Extended Market ETF -2,828.49 17,449.40 -16.21%
VUG Vanguard Growth ETF -2,800.51 84,583.47 -3.31%
VIG Vanguard Dividend Appreciation ETF -2,644.91 61,849.11 -4.28%
VO Vanguard Mid-Cap ETF -2,398.84 52,358.04 -4.58%
VTI Vanguard Total Stock Market ETF -2,178.10 267,775.61 -0.81%
VB Vanguard Small-Cap ETF -1,618.05 47,375.67 -3.42%
IVV iShares Core S&P 500 ETF -1,376.42 298,234.71 -0.46%
RSP Invesco S&P 500 Equal Weight ETF -1,361.34 28,849.85 -4.72%
DIA SPDR Dow Jones Industrial Average ETF Trust -1,130.53 28,866.84 -3.92%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -36,470.22 3,947,525.28 -0.92%
International Equity 908.67 1,287,997.62 0.07%
U.S. Fixed Income 4,650.79 1,089,805.08 0.43%
International Fixed Income 10.89 150,559.45 0.01%
Commodities -418.37 135,720.68 -0.31%
Currency 0.37 1,903.16 0.02%
Leveraged 1,448.22 62,433.15 2.32%
Inverse 99.46 12,818.65 0.78%
Asset Allocation 122.46 18,594.66 0.66%
Alternatives 22.51 6,857.14 0.33%
Total: -29,625.23 6,714,214.87 -0.44%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 305,222.18 3,947,525.28 7.73%
International Equity 170,053.22 1,287,997.62 13.20%
U.S. Fixed Income 126,261.33 1,089,805.08 11.59%
International Fixed Income 28,871.15 150,559.45 19.18%
Commodities -4,034.96 135,720.68 -2.97%
Currency 28.30 1,903.16 1.49%
Leveraged 1,305.67 62,433.15 2.09%
Inverse 5,794.19 12,818.65 45.20%
Asset Allocation 4,104.76 18,594.66 22.07%
Alternatives 2,642.49 6,857.14 38.54%
Total: 640,248.32 6,714,214.87 9.54%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
PGM iPath Series B Bloomberg Platinum Subindex Total Return ETN 6.65% 1,036 5.04
PLTM GraniteShares Platinum Trust 6.03% 224,327 35.41
PPLT Aberdeen Standard Physical Platinum Shares ETF 5.75% 899,941 1,220.05
CHIU Global X MSCI China Utilities ETF 4.96% 7,004 2.01
CHIR Global X MSCI China Real Estate ETF 4.49% 83,489 3.64
FAIL Cambria Global Tail Risk ETF 4.33% 10,246 6.95
PSIL AdvisorShares Psychedelics ETF 3.62% 158,636 1.36
WNDY Global X Wind Energy ETF 3.36% 1,442 2.59
CRPT First Trust SkyBridge Crypto Industry and Digital Economy ETF 3.32% 35,222 1.95
VFIN Simplify Volt Fintech Disruption ETF 3.14% 20,212 2.78

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 299.22% 0.03% 87.35
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 95.22% 2.67% 14.24
URNM North Shore Global Uranium Mining ETF 91.79% -4.67% 682.70
GRN iPath Series B Carbon ETN 87.14% 1.57% 81.83
UNG United States Natural Gas Fund LP 80.98% -5.67% 276.86
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 74.61% -5.26% 9.62
FCG First Trust Natural Gas ETF 72.56% -0.20% 281.75
PXE Invesco Dynamic Energy Exploration & Production ETF 71.71% 0.12% 77.71
UNL United States 12 Month Natural Gas Fund LP 67.59% -3.01% 14.05
REMX VanEck Rare Earth/Strategic Metals ETF 67.30% -2.25% 1,005.41

 

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.

Find your next ETF

Reset All