ETFs Bounce Back With $19B Gain On Week

March 07, 2022

U.S.-listed ETFs bounced back from a nervy week after Russia began its invasion of Ukraine to add more than $18.8 billion in new assets from Feb. 28 to March 4 and cross the $100 billion mark in net new assets for the year. 

The U.S. ETF industry has added just shy of $114 billion in new assets year-to-date, according to ETF.com data provider FactSet, and manages more than $6.8 trillion in assets.

The SPDR S&P 500 ETF Trust (SPY) reversed its weeks-long slump to lead all ETFs with just less than $4.7 billion in inflows for the week. The Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI) continued its consistent inflow of new dollars despite the year’s volatility, adding $1.1 billion and $707 million, respectively. 

Those three funds represented the lion’s share of the relatively small $6.3 billion in net assets flowing into the U.S. equity asset class on the week. 

The SPDR Gold Trust (GLD) also saw a sharp inflow of just under $1.7 billion on the week as investors seek the safest of the safe haven assets while real bond yields remain negative. 

Broad commodity funds gained on the week as global oil and grain prices surge due to the West’s broad refusal to buy from Russia, and the disruption of the 30% of global wheat exports that Russia and Ukraine account for. The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) and the First Trust Global Tactical Commodity Strategy Fund (FTGC) added just shy of $1 billion combined. 

Finally, a handful of fixed income ETFs landed on the top 10 inflow list for the week. The iShares 7-10 Year Treasury Bond ETF (IEF) led the segment, with $1.5 billion, followed by the iShares iBoxx USD High Yield Corporate Bonds ETF (HYG) with $700.4 million. 

The iShares JPMorgan USD Emerging Markets Bond ETF (EMB) added $592 million to partially offset last week’s sell-off after the U.S. Treasury Department froze Russian sovereign debt in the country. J.P. Morgan has yet to announce whether it will remove Russia from its benchmark emerging market indexes, while several of the largest index providers have already committed to removing Russian asset exposure.

Sector-specific equity ETFs struggled across the board as investor sentiment soured on targeted stock exposures. 

The Invesco QQQ Trust (QQQ) lost $1.8 billion to lead the largest outflow list, while the Financial Select Sector SPDR Fund (XLF) was the second-largest loser, with nearly $989 million in outflows. 

The iShares U.S. Real Estate ETF (IYR) and the Vanguard Real Estate ETF (VNQ) lost a combined $889 million, while the VanEck Semiconductor ETF (SMH) and the Materials Select Sector SPDR Fund (XLB) lost $428 million and $415 million, respectively. 

The iShares Core U.S. Aggregate Bond ETF (AGG) was the only fixed income ETF on the top 10 largest outflows list for the week, with just under $385 million pulled. 
 

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
SPY SPDR S&P 500 ETF Trust 4,696.47 395,865.00 1.19%
GLD SPDR Gold Trust 1,697.91 65,403.39 2.60%
IEF iShares 7-10 Year Treasury Bond ETF 1,523.53 18,894.35 8.06%
VOO Vanguard S&P 500 ETF 1,111.95 276,884.36 0.40%
VTI Vanguard Total Stock Market ETF 707.48 278,327.59 0.25%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 700.46 16,470.51 4.25%
EMB iShares JP Morgan USD Emerging Markets Bond ETF 591.69 16,424.67 3.60%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 510.49 7,718.52 6.61%
FTGC First Trust Global Tactical Commodity Strategy Fund 487.55 3,633.21 13.42%
EELV Invesco S&P Emerging Markets Low Volatility ETF 467.90 862.37 54.26%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,860.01 180,450.20 -1.03%
XLF Financial Select Sector SPDR Fund -988.91 45,036.50 -2.20%
IWM iShares Russell 2000 ETF -861.64 59,657.29 -1.44%
IYR iShares U.S. Real Estate ETF -580.07 5,935.30 -9.77%
SMH VanEck Semiconductor ETF -427.91 8,293.78 -5.16%
XLB Materials Select Sector SPDR Fund -415.02 7,197.73 -5.77%
PTLC Pacer Trendpilot U.S. Large Cap ETF -399.92 1,897.55 -21.08%
AGG iShares Core U.S. Aggregate Bond ETF -384.91 87,334.42 -0.44%
SPLV Invesco S&P 500 Low Volatility ETF -358.25 8,772.85 -4.08%
VNQ Vanguard Real Estate ETF -309.11 45,647.09 -0.68%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 6,340.03 4,085,728.04 0.16%
International Equity 2,768.40 1,235,504.64 0.22%
U.S. Fixed Income 4,968.72 1,075,579.27 0.46%
International Fixed Income 900.33 158,974.98 0.57%
Commodities 4,004.50 162,737.89 2.46%
Currency 8.98 3,262.73 0.28%
Leveraged -516.41 62,586.97 -0.83%
Inverse 352.67 15,255.41 2.31%
Asset Allocation 76.29 19,688.14 0.39%
Alternatives -88.13 7,250.97 -1.22%
Total: 18,815.38 6,826,569.05 0.28%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 49,352.77 4,085,728.04 1.21%
International Equity 36,985.68 1,235,504.64 2.99%
U.S. Fixed Income -569.81 1,075,579.27 -0.05%
International Fixed Income 6,002.43 158,974.98 3.78%
Commodities 12,503.76 162,737.89 7.68%
Currency 180.45 3,262.73 5.53%
Leveraged 6,655.04 62,586.97 10.63%
Inverse 2,284.32 15,255.41 14.97%
Asset Allocation 448.86 19,688.14 2.28%
Alternatives 101.84 7,250.97 1.40%
Total: 113,945.34 6,826,569.05 1.67%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
WEAT Teucrium Wheat Fund 25.68% 28,325,018 206.50
GRU ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN 21.75% 609,235 10.38
JJG iPath Series B Bloomberg Grains Subindex Total Return ETN 16.75% 104,851 47.13
GSP iPath S&P GSCI Total Return Index ETN 13.67% 149,695 42.74
BNO United States Brent Oil Fund LP 12.92% 24,669,230 313.24
JJN iPath Series B Bloomberg Nickel Subindex Total Return ETN 12.21% 278,256 64.08
UGA United States Gasoline Fund LP 11.97% 505,782 124.02
GSG iShares S&P GSCI Commodity Indexed Trust 11.63% 30,517,487 2,240.53
OIL iPath Pure Beta Crude Oil ETN 11.55% 1,692,442 158.55
JJE iPath Series B Bloomberg Energy Subindex Total Return ETN 11.48% 2,424 6.31

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
GLDM SPDR Gold MiniShares Trust 107.70%   4,844.13
BNO United States Brent Oil Fund LP 51.12% 12.92% 313.24
RJN Elements Rogers International Commodity Index-Energy TR ETN 49.43% 10.12% 8.63
JJE iPath Series B Bloomberg Energy Subindex Total Return ETN 45.24% 11.48% 6.31
UGA United States Gasoline Fund LP 43.41% 11.97% 124.02
GSP iPath S&P GSCI Total Return Index ETN 42.62% 13.67% 42.74
PALL Aberdeen Standard Physical Palladium Shares ETF 41.62% 11.17% 494.55
OIL iPath Pure Beta Crude Oil ETN 40.72% 11.55% 158.55
USO United States Oil Fund LP 38.74% 10.45% 3,057.80
OIH VanEck Oil Services ETF 36.76% 2.06% 3,038.91

 

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