ETFs Added $12B Last Week

Investors added a net $12.1 billion in new money into U.S.-listed ETFs last week, driven mainly by a resurgence in three of the biggest broad-market funds.

The U.S. ETF industry has gained just over $51.4 billion in net new assets this year, according to ETF.com data provider FactSet, and has just over $7 trillion in assets under management.

Broad Equity (Mostly) Spikes Back

The Vanguard S&P 500 ETF (VOO) dominated the top of the inflows chart, gaining just shy of $11.7 billion in net assets on the week.

In distant second was the Invesco QQQ Trust (QQQ), which added $2.5 billion as the tech-heavy Nasdaq-100 spurned ongoing fears of aggressive Fed rate hikes and a dismal Meta Platforms earnings report to gain 4.38% on the week. The iShares Core S&P 500 ETF (IVV) rounded out the top three, with $2.25 billion in new assets.

However, the SPDR S&P 500 ETF Trust (SPY) lost $10.4 billion on the week to continue its slide. The oldest U.S.-listed ETF has lost $21.4 billion in assets year-to-date.

SPY tends to be used as a short-term tool by traders and is more vulnerable to volatility-related sell-offs than IVV or VOO, which have lower expense ratios and are generally used as core equity holdings in long-term investment portfolios.

Split Decisions Leave US Bond Flows Flat

The U.S. fixed income asset class ended the week with a little more than $1 billion in outflows, with investors buying and selling related ETFs to both ends of the inflow and outflow lists.

This Jekyll & Hyde pattern is clear with the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) gaining nearly $702 million on the week, while the SPDR Bloomberg High Yield Bond ETF (JNK) lost $802 million, despite the two having substantial overlap in the junk bond space. Funds following bonds with less than a year to maturity flourished as the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the PIMCO Enhanced Short Maturity Active ETF (MINT) gained just over $2.1 billion in the period combined. Meanwhile, the Vanguard Short-Term Bond ETF (BSV), which tracks bonds with between one and five years to maturity, lost $1.9 billion.

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

Top 10 Creations (All ETFs)

Top 10 Redemptions (All ETFs)

ETF Weekly Flows By Asset Class

Asset Classes (Year-to-Date)

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

Top 10 YTD Performers

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.