ETFs Attract $10B In Weekly Flows

November 19, 2021

The U.S.-listed ETF industry gained nearly $10.4 billion in assets from Nov. 12 to Nov. 18, as a week of growing inflation fears pushed funds out of growth sectors and into value plays.

According to ETF.com data provider FactSet, U.S.-listed ETFs have gained $772.4 billion in assets year-to-date, and now hold $7.1 trillion in assets under management.

Value, TIPS, Small Caps Advance

Broad-market index funds continued their long reign on top of the inflows leaderboard, with the iShares Core S&P 500 ETF (IVV), the Vanguard Total Stock Market ETF (VTI) and the Vanguard S&P 500 ETF (VOO) gaining a combined $4.8 billion in assets.

However, the SPDR S&P 500 ETF Trust (SPY) posted $4.7 billion in outflows during the period, suggesting that traders aren’t as bullish on U.S. equity moves for short-term profits.

The iShares TIPS Bond ETF (TIP) added $586 million in assets and now has amassed $10.7 billion year-to-date, as inflation continues to drive the political conversation in Washington ahead of key GDP and inflation data reports next Wednesday. The Vanguard Value ETF (VTV) gained $506.2 million in a flight to relative safety in equities.

Small cap ETFs also gained in the week, with the iShares Russell 2000 ETF (IWM) and the iShares Core S&P Small-Cap ETF (IJR) gaining a combined $967 million. Investors are hoping that smaller companies will be nimble enough to navigate inflation pressures than larger competitors. There may also be some short-term alpha-chasing at play, as the Russell 2000 has outperformed the S&P 500 through the first half of November.

The Invesco S&P 500 Low Volatility ETF (SPLV) gained $743.9 million during the period, but that appears to be the first leg of a heartbeat trade. The fund took in $1.2 billion of new assets nearly three months ago to the day before most of those funds were pulled.

Growth Stocks Dumped

The Invesco QQQ Trust (QQQ) was second behind SPY in outflows during the period, losing $1.5 billion as investors pulled out of growth funds.

The iShares Russell 1000 Growth ETF (IWF), the iShares MSCI USA Momentum Factor ETF (MTUM) and the Vanguard Growth ETF (VUG) lost almost $1.82 billion combined during the week, while the Global X Cloud Computing ETF (CLOU) and the SPDR S&P Biotech ETF (XBI) lost a combined $765 million.

KWEB Assets Surge

The KraneShares CSI China Internet ETF (KWEB) took in $629 million on the week, giving it the fourth-largest inflow among all ETFs during the period.

KWEB is down 36.9% on the year after Beijing’s late-July crackdown on large technology companies and other sectors of the Chinese economy scared away foreign investors. However, the fund has gained $7.89 billion in assets this year, with the vast majority coming after the crackdown, and has added $1.44 billion in assets in the last month.

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
IVV iShares Core S&P 500 ETF 1,992.37 326,417.65 0.61%
VTI Vanguard Total Stock Market ETF 1,712.52 292,497.95 0.59%
VOO Vanguard S&P 500 ETF 1,141.00 276,994.16 0.41%
SPLV Invesco S&P 500 Low Volatility ETF 743.96 9,066.35 8.21%
KWEB KraneShares CSI China Internet ETF 629.00 9,503.03 6.62%
TIP iShares TIPS Bond ETF 586.13 37,823.62 1.55%
BND Vanguard Total Bond Market ETF 569.20 82,847.70 0.69%
VTV Vanguard Value ETF 506.18 90,175.08 0.56%
IWM iShares Russell 2000 ETF 484.21 74,274.64 0.65%
IJR iShares Core S&P Small-Cap ETF 482.80 76,225.44 0.63%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -4,722.94 423,844.97 -1.11%
QQQ Invesco QQQ Trust -1,516.22 207,192.18 -0.73%
IWF iShares Russell 1000 Growth ETF -863.05 78,309.80 -1.10%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -776.92 37,338.58 -2.08%
XLE Energy Select Sector SPDR Fund -501.36 26,384.38 -1.90%
MTUM iShares MSCI USA Momentum Factor ETF -481.04 16,368.05 -2.94%
VUG Vanguard Growth ETF -473.53 90,407.19 -0.52%
CLOU Global X Cloud Computing ETF -406.25 1,461.95 -27.79%
XBI SPDR S&P Biotech ETF -359.37 7,079.56 -5.08%
VGSH Vanguard Short-Term Treasury Index ETF -348.48 13,283.24 -2.62%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 3,510.16 4,288,066.92 0.08%
International Equity 2,524.26 1,334,266.85 0.19%
U.S. Fixed Income 2,632.62 1,104,487.64 0.24%
International Fixed Income 573.43 150,834.01 0.38%
Commodities 394.98 144,769.84 0.27%
Currency 89.15 3,391.92 2.63%
Leveraged 678.43 74,412.56 0.91%
Inverse -195.24 12,135.50 -1.61%
Asset Allocation 126.37 19,846.44 0.64%
Alternatives 56.92 7,134.15 0.80%
Total: 10,391.08 7,139,345.84 0.15%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 383,102.83 4,288,066.92 8.93%
International Equity 189,618.91 1,334,266.85 14.21%
U.S. Fixed Income 154,445.85 1,104,487.64 13.98%
International Fixed Income 31,380.46 150,834.01 20.80%
Commodities -3,019.46 144,769.84 -2.09%
Currency 1,788.08 3,391.92 52.72%
Leveraged 647.22 74,412.56 0.87%
Inverse 6,336.16 12,135.50 52.21%
Asset Allocation 4,855.19 19,846.44 24.46%
Alternatives 3,283.82 7,134.15 46.03%
Total: 772,439.06 7,139,345.84 10.82%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
CHB Global X China Biotech Innovation ETF 6.19% 4,719 4.31
GRN iPath Series B Carbon ETN 5.84% 337,030 98.09
JO iPath Series B Bloomberg Coffee Subindex Total Return ETN 5.33% 540,100 120.70
CHNA Loncar China BioPharma ETF 4.67% 7,063 12.33
KEUA KraneShares European Carbon Allowance ETF 4.40% 7,838 74.71
KURE KraneShares MSCI All China Health Care Index ETF 4.27% 87,577 201.80
PALL Aberdeen Standard Physical Palladium Shares ETF 3.88% 156,938 398.32
JJS iPath Series B Bloomberg Softs Subindex Total Return ETN 3.85% 3,570 9.79
CHIH Global X MSCI China Health Care ETF 3.55% 18,913 16.41
VCAR Simplify Volt RoboCar Disruption and Tech ETF 3.54% 171,043 8.17

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 155.19% -9.63% 54.09
URNM North Shore Global Uranium Mining ETF 117.46% -7.00% 961.96
FCG First Trust Natural Gas ETF 113.96% -2.68% 486.52
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 113.96% 0.68% 17.92
PXE Invesco Dynamic Energy Exploration & Production ETF 109.82% -2.63% 138.82
GRN iPath Series B Carbon ETN 109.40% 5.84% 98.09
PXI Invesco DWA Energy Momentum ETF 92.44% -3.02% 98.78
PSCE Invesco S&P SmallCap Energy ETF 87.94% -4.25% 139.50
KRBN KraneShares Global Carbon ETF 86.93% 3.07% 1,307.13
UNG United States Natural Gas Fund LP 86.74% 1.43% 531.22

 

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.

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