ETFs Add $30B On Equity Surge

‘SPY’ alone gained $8.6 billion.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

ETF investors piled into large cap stalwarts last week to bring just shy of a net $30.2 billion in fresh assets to the U.S. ETF industry from March 28 to April 1, despite the S&P 500 losing 1.5% last week. 

U.S.-listed ETFs closed the first quarter with $205.4 billion in new assets year-to-date, and have a combined $7 billion in assets under management. 

‘SPY’ Crushes Flows 

The SPDR S&P 500 ETF Trust (SPY) dominated inflows last week with an $8.6 billion haul, amounting to nearly 40% of all the net inflows during the period. It more than doubled the second-place Invesco QQQ Trust (QQQ), which added $4.2 billion during the week. 

However, SPY remains deep in the red year-to-date, with just short of $12 billion in losses. 

Other S&P 500-following funds took in significant assets on the week, with the iShares Core S&P 500 ETF (IVV), the iShares S&P 500 Growth ETF (IVW) and the Vanguard S&P 500 ETF (VOO) adding a combined $3.1 billion. 

The Vanguard Total Bond Market ETF (BND) led fixed income gainers, with a $2.4 billion inflow, while the Schwab Intermediate-Term U.S. Treasury ETF (SCHR) added $853 million. The funds have produced losses of 5.8% and 4.9% year-to-date, but investors were likely rebalancing their bond exposure as hawkish words from Fed members drove yields higher. 

It wasn’t all rosy on the Treasury front, as the intermediate-term iShares 3-7 Year Treasury Bond ETF (IEI) lost $414 million. 

Emerging markets were the international theme to be in last week, with the iShares MSCI Emerging Markets ETF (EEM) and the iShares Core MSCI Emerging Markets ETF (IEMG) adding more than $2 billion combined on the week. 

Outflows Across Asset Classes 

There wasn’t a strong pattern among the largest outflows list last week, with funds across asset classes making appearances. 

The iShares Russell 2000 (IWM) led outflows, with $1.5 billion in losses on the week, followed by the Vanguard Short-Term Bond ETF (BSV), with losses just shy of $1.3 billion. 

While the S&P 500 funds surged, the rest of the large caps struggled, with the iShares Russell 1000 Growth ETF (IWF) in particular losing nearly $820 million. 

Corporate and foreign sovereign bonds also struggled on the week, as safer Treasury yields continued to rise. 

The iShares JP Morgan USD Emerging Markets Bond ETF (EMB), the JPMorgan High Yield Research Enhanced ETF (JPHY) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) lost a combined $1.75 billion. 

 
For a full list of last 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 Trust8,610.68420,551.232.05%
QQQInvesco QQQ Trust4,206.25198,841.172.12%
BNDVanguard Total Bond Market ETF2,418.9383,408.142.90%
EEMiShares MSCI Emerging Markets ETF1,272.0728,444.144.47%
IVViShares Core S&P 500 ETF1,232.25332,966.100.37%
IVWiShares S&P 500 Growth ETF1,065.0336,758.392.90%
XLKTechnology Select Sector SPDR Fund873.8047,556.531.84%
SCHRSchwab Intermediate-Term U.S. Treasury ETF853.354,581.7318.63%
VOOVanguard S&P 500 ETF823.97291,370.960.28%
IEMGiShares Core MSCI Emerging Markets ETF798.5173,555.081.09%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF-1,526.6061,952.65-2.46%
BSVVanguard Short-Term Bond ETF-1,298.4937,278.30-3.48%
IWFiShares Russell 1000 Growth ETF-819.8170,734.73-1.16%
SMHVanEck Semiconductor ETF-725.168,331.64-8.70%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-668.4016,686.22-4.01%
XLEEnergy Select Sector SPDR Fund-652.6636,711.96-1.78%
JPHYJPMorgan High Yield Research Enhanced ETF-581.32806.03-72.12%
FVDFirst Trust Value Line Dividend Index Fund-521.5912,780.24-4.08%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-497.7334,151.69-1.46%
IEIiShares 3-7 Year Treasury Bond ETF-414.419,909.83-4.18%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity22,084.714,269,699.630.52%
International Equity3,469.391,271,281.290.27%
U.S. Fixed Income4,904.291,070,536.170.46%
International Fixed Income-222.85158,077.83-0.14%
Commodities234.16169,682.690.14%
Currency-0.613,557.17-0.02%
Leveraged157.4768,197.380.23%
Inverse97.4416,437.950.59%
Asset Allocation-531.8019,206.32-2.77%
Alternatives-25.607,297.38-0.35%
Total:30,166.597,053,973.800.43%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity105,574.794,269,699.632.47%
International Equity46,627.651,271,281.293.67%
U.S. Fixed Income15,123.901,070,536.171.41%
International Fixed Income7,339.96158,077.834.64%
Commodities18,897.69169,682.6911.14%
Currency369.543,557.1710.39%
Leveraged6,824.8068,197.3810.01%
Inverse4,423.0816,437.9526.91%
Asset Allocation-0.0119,206.320.00%
Alternatives263.277,297.383.61%
Total:205,444.667,053,973.802.91%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
JOiPath Series B Bloomberg Coffee Subindex Total Return ETN4.66%146,11080.66
QTRGlobal X NASDAQ 100 Tail Risk ETF3.88%2,0634.38
TURiShares MSCI Turkey ETF3.55%1,366,724268.58
JETSU.S. Global Jets ETF3.52%26,405,9713,475.65
FDHTFidelity Digital Health ETF3.45%17,16812.54
FIDFirst Trust S&P International Dividend Aristocrats ETF3.32%112,11054.73
DBOInvesco DB Oil Fund3.16%7,233,826510.10
XMPTVanEck CEF Muni Income ETF3.14%589,761195.37
BTECPrincipal Healthcare Innovators Index ETF3.11%10,18971.42
TRYPSonicShares Airlines, Hotels, Cruise Lines ETF3.10%172,56212.86

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN58.14%0.09%64.43
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN54.26%2.98%20.75
XESSPDR S&P Oil & Gas Equipment & Services ETF52.72%1.23%335.11
JJEiPath Series B Bloomberg Energy Subindex Total Return ETN52.03%-0.02%6.50
RJNElements Rogers International Commodity Index-Energy TR ETN51.95%-3.77%16.02
IEZiShares U.S. Oil Equipment & Services ETF51.64%0.63%283.68
PXEInvesco Dynamic Energy Exploration & Production ETF46.10%0.14%253.13
PXJInvesco Dynamic Oil & Gas Services ETF45.60%0.88%66.55
PSCEInvesco S&P SmallCap Energy ETF44.94%-0.30%190.73
OILiPath Pure Beta Crude Oil ETN44.46%-1.13%131.87

 

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.