Weekly ETF Flows Weigh In At $16B

A strong Thursday showing powered inflows to recover after three shaky weeks.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

U.S.-listed ETFs added more than $16.3 billion in assets in the period between Oct. 8 and Oct. 14, as investors dipped their toes back into equity funds after two weeks of sub-$10 billion inflows and a $30 billion outflow in late September.

U.S.-listed ETFs have gained $669.5 billion in assets so far in 2021, and manage a total of $6.7 trillion, according to ETF.com data provider FactSet.

Inflation, Earnings Drive Sector Inflows

The SPDR S&P 500 ETF Trust (SPY) led all ETFs in flows, with a $1.6 billion gain in assets during the period.

However, a slightly higher-than-expected inflation print in the week bolstered technology and energy funds to round out the top 10 gainers. The Invesco QQQ Trust (QQQ) added $1.6 billion in the period, followed by the Vanguard Information Technology ETF (VGT), with $552.6 million; the Technology Select Sector SPDR Fund (XLK), with $471 million; and the Energy Select Sector SPDR Fund (XLE), with almost $401.4 million.

Tech stocks tend to benefit during inflationary periods since those companies aren’t as exposed to rising prices.

The Financial Select Sector SPDR Fund (XLF) made an appearance in the top 10, with an inflow of just under $470 million, powered primarily by double-digit positive earnings surprises at BlackRock, J.P. Morgan, Bank of America, Citigroup, Wells Fargo and Morgan Stanley.

 

(Use our stock finder tool to find an ETF’s allocation to a certain stock.)

 

However, the First Trust Capital Strength ETF (FTCS) added all of its $1.3 billion in inflows this week on Thursday. That suggests the start of a heartbeat trade that may be only a temporary boost in the week's inflows.

Corporate Bonds Keep Sliding

The Communications Services Select Sector SPDR Fund (XLC) led outflows on the week, with $904.2 million pulled from the fund, but $619 million of that amount was pulled in the exit of a heartbeat trade.

Two of the most popular corporate bond ETFs extended outflow slides into a second straight week, with the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) losing $637.4 million and $607.8 million, respectively.

LQD has now lost more than $2.1 billion in assets over a two-week period, while LQD has lost just shy of $1.1 billion to outflows.

 

For a full list of this week’s top inflows and outflows, see the tables below:

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust1,653.39389,279.780.42%
QQQInvesco QQQ Trust1,640.04185,848.740.88%
FTCSFirst Trust Capital Strength ETF1,343.059,664.6613.90%
TLTiShares 20+ Year Treasury Bond ETF569.5115,420.373.69%
VGTVanguard Information Technology ETF522.6549,953.741.05%
XLKTechnology Select Sector SPDR Fund471.0044,134.071.07%
XLFFinancial Select Sector SPDR Fund469.8642,415.921.11%
VEAVanguard FTSE Developed Markets ETF457.78103,996.880.44%
IWNiShares Russell 2000 Value ETF426.2616,587.862.57%
XLEEnergy Select Sector SPDR Fund401.3727,316.041.47%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
XLCCommunication Services Select Sector SPDR Fund-904.1814,616.20-6.19%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-637.3838,591.20-1.65%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-607.807,877.16-7.72%
IVViShares Core S&P 500 ETF-607.42290,492.32-0.21%
IWMiShares Russell 2000 ETF-534.6967,938.98-0.79%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-511.6218,995.60-2.69%
QUALiShares MSCI USA Quality Factor ETF-379.0822,958.62-1.65%
XLBMaterials Select Sector SPDR Fund-309.577,300.81-4.24%
GLDSPDR Gold Trust-132.2256,412.07-0.23%
IWFiShares Russell 1000 Growth ETF-124.9472,237.98-0.17%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity10,250.663,945,157.380.26%
International Equity2,258.011,283,158.030.18%
U.S. Fixed Income2,830.911,084,436.770.26%
International Fixed Income-226.03148,207.23-0.15%
Commodities686.07138,887.370.49%
Currency25.481,958.331.30%
Leveraged-96.8163,865.94-0.15%
Inverse253.3013,032.901.94%
Asset Allocation56.0818,699.600.30%
Alternatives266.666,955.413.83%
Total:16,304.336,704,358.960.24%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity317,253.663,945,157.388.04%
International Equity176,386.381,283,158.0313.75%
U.S. Fixed Income133,057.911,084,436.7712.27%
International Fixed Income28,663.02148,207.2319.34%
Commodities-3,391.24138,887.37-2.44%
Currency86.801,958.334.43%
Leveraged4,259.6363,865.946.67%
Inverse5,820.1213,032.9044.66%
Asset Allocation4,382.2218,699.6023.43%
Alternatives2,936.606,955.4142.22%
Total:669,455.116,704,358.969.99%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
URNMNorth Shore Global Uranium Mining ETF16.09%1,933,855807.64
URAGlobal X Uranium ETF14.02%8,411,1791,198.86
TANInvesco Solar ETF9.35%5,137,4253,146.73
HDRODefiance Next Gen H2 ETF7.58%118,18842.80
CTEXProShares S&P Kensho Cleantech ETF7.28%10,3844.45
JOiPath Series B Bloomberg Coffee Subindex Total Return ETN6.23%360,973121.33
VCLOSimplify Volt Cloud and Cybersecurity Disruption ETF6.06%40,02210.48
RAYSGlobal X Solar ETF5.95%10,6772.45
CTECGlobal X CleanTech ETF5.77%198,883167.91
ACESALPS Clean Energy ETF5.60%1,179,761963.39

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF388.70%-4.08%126.69
FCGFirst Trust Natural Gas ETF108.35%-1.25%505.04
URNMNorth Shore Global Uranium Mining ETF105.36%16.09%807.64
UNGUnited States Natural Gas Fund LP105.00%-2.68%467.49
FRAKVanEck Unconventional Oil & Gas ETF104.38%-0.67%18.59
PXEInvesco Dynamic Energy Exploration & Production ETF104.33%-0.92%120.50
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN101.77%-1.36%19.31
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN98.14%-2.37%17.47
PXIInvesco DWA Energy Momentum ETF90.28%-1.01%92.45
UNLUnited States 12 Month Natural Gas Fund LP 86.43%-1.05%17.37

 

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.