ETFs Added $12B Last Week

February 07, 2022

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)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
VOO Vanguard S&P 500 ETF 11,673.87 285,484.81 4.09%
QQQ Invesco QQQ Trust 2,539.13 195,264.15 1.30%
IVV iShares Core S&P 500 ETF 2,252.66 323,218.93 0.70%
IUSB iShares Core Total USD Bond Market ETF 1,759.76 18,365.72 9.58%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF 1,238.72 15,503.98 7.99%
IEFA iShares Core MSCI EAFE ETF 1,065.19 103,716.76 1.03%
MINT PIMCO Enhanced Short Maturity Active ETF 865.20 13,996.34 6.18%
TLH iShares 10+ Year Investment Grade Corporate Bond ETF 818.97 2,296.20 35.67%
VTI Vanguard Total Stock Market ETF 721.58 289,477.26 0.25%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 702.58 18,763.18 3.74%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -10,337.92 415,225.97 -2.49%
BSV Vanguard Short-Term Bond ETF -1,855.75 39,548.44 -4.69%
TIP iShares TIPS Bond ETF -1,749.28 35,158.43 -4.98%
IWM iShares Russell 2000 ETF -1,700.22 60,597.03 -2.81%
VLUE iShares MSCI USA Value Factor ETF -1,133.81 14,271.70 -7.94%
IEF iShares 7-10 Year Treasury Bond ETF -1,111.70 15,616.43 -7.12%
VGSH Vanguard Short-Term Treasury Index ETF -849.64 13,073.77 -6.50%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF -804.86 35,853.67 -2.24%
JNK SPDR Bloomberg High Yield Bond ETF -801.74 7,939.02 -10.10%
FALN iShares Fallen Angels USD Bond ETF -771.36 4,037.50 -19.10%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 8,591.06 4,207,776.51 0.20%
International Equity 2,014.36 1,301,198.03 0.15%
U.S. Fixed Income -1,000.67 1,082,653.34 -0.09%
International Fixed Income 498.58 160,023.03 0.31%
Commodities 597.61 142,798.95 0.42%
Currency -58.58 2,865.60 -2.04%
Leveraged 380.38 70,138.09 0.54%
Inverse 999.50 13,467.56 7.42%
Asset Allocation 31.50 20,281.11 0.16%
Alternatives 52.07 7,058.68 0.74%
Total: 12,105.82 7,008,260.90 0.17%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 17,220.49 4,207,776.51 0.41%
International Equity 26,068.24 1,301,198.03 2.00%
U.S. Fixed Income -6,828.54 1,082,653.34 -0.63%
International Fixed Income 2,772.23 160,023.03 1.73%
Commodities 4,754.50 142,798.95 3.33%
Currency -80.80 2,865.60 -2.82%
Leveraged 4,748.97 70,138.09 6.77%
Inverse 2,173.40 13,467.56 16.14%
Asset Allocation 370.13 20,281.11 1.83%
Alternatives 167.05 7,058.68 2.37%
Total: 51,365.67 7,008,260.90 0.73%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BNGE First Trust S-Network Streaming & Gaming ETF 108.98% 774,481 2.55
UNG United States Natural Gas Fund LP 16.66% 57,413,900 328.88
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 16.34% 174,957 12.45
BUDX Cannabis Growth ETF 11.46% 3,612 3.53
MJUS ETFMG U.S. Alternative Harvest ETF 11.10% 28,438 6.08
UNL United States 12 Month Natural Gas Fund LP 10.85% 212,129 30.23
MSOS AdvisorShares Pure US Cannabis ETF 10.56% 7,085,748 1,015.89
HYDR Global X Hydrogen ETF 9.78% 138,944 24.81
DSPC The De-SPAC ETF 9.74% 16,399 2.84
POTX Global X Cannabis ETF 9.62% 899,701 81.69

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
UNG United States Natural Gas Fund LP 38.03% 16.66% 328.88
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 37.35% 16.34% 12.45
SOGU The Short De-SPAC ETF 32.34% -10.34% 30.73
UNL United States 12 Month Natural Gas Fund LP 31.73% 10.85% 30.23
SARK Tuttle Capital Short Innovation ETF 30.69% -6.85% 291.69
OIH VanEck Oil Services ETF 24.28% 2.33% 2,663.48
JJE iPath Series B Bloomberg Energy Subindex Total Return ETN 23.93% 5.92% 4.84
RJN Elements Rogers International Commodity Index-Energy TR ETN 23.48% 2.06% 7.90
PALL Aberdeen Standard Physical Palladium Shares ETF 22.44% -0.13% 407.65
XLE Energy Select Sector SPDR Fund 22.23% 4.36% 34,884.96

 

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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