ETFs Add $30B On Equity Surge

Apr 04, 2022

Reviewed by: Dan Mika

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)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	8,610.68	420,551.23	2.05%
QQQ	Invesco QQQ Trust	4,206.25	198,841.17	2.12%
BND	Vanguard Total Bond Market ETF	2,418.93	83,408.14	2.90%
EEM	iShares MSCI Emerging Markets ETF	1,272.07	28,444.14	4.47%
IVV	iShares Core S&P 500 ETF	1,232.25	332,966.10	0.37%
IVW	iShares S&P 500 Growth ETF	1,065.03	36,758.39	2.90%
XLK	Technology Select Sector SPDR Fund	873.80	47,556.53	1.84%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	853.35	4,581.73	18.63%
VOO	Vanguard S&P 500 ETF	823.97	291,370.96	0.28%
IEMG	iShares Core MSCI Emerging Markets ETF	798.51	73,555.08	1.09%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IWM	iShares Russell 2000 ETF	-1,526.60	61,952.65	-2.46%
BSV	Vanguard Short-Term Bond ETF	-1,298.49	37,278.30	-3.48%
IWF	iShares Russell 1000 Growth ETF	-819.81	70,734.73	-1.16%
SMH	VanEck Semiconductor ETF	-725.16	8,331.64	-8.70%
EMB	iShares JP Morgan USD Emerging Markets Bond ETF	-668.40	16,686.22	-4.01%
XLE	Energy Select Sector SPDR Fund	-652.66	36,711.96	-1.78%
JPHY	JPMorgan High Yield Research Enhanced ETF	-581.32	806.03	-72.12%
FVD	First Trust Value Line Dividend Index Fund	-521.59	12,780.24	-4.08%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-497.73	34,151.69	-1.46%
IEI	iShares 3-7 Year Treasury Bond ETF	-414.41	9,909.83	-4.18%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	22,084.71	4,269,699.63	0.52%
International Equity	3,469.39	1,271,281.29	0.27%
U.S. Fixed Income	4,904.29	1,070,536.17	0.46%
International Fixed Income	-222.85	158,077.83	-0.14%
Commodities	234.16	169,682.69	0.14%
Currency	-0.61	3,557.17	-0.02%
Leveraged	157.47	68,197.38	0.23%
Inverse	97.44	16,437.95	0.59%
Asset Allocation	-531.80	19,206.32	-2.77%
Alternatives	-25.60	7,297.38	-0.35%
Total:	30,166.59	7,053,973.80	0.43%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	105,574.79	4,269,699.63	2.47%
International Equity	46,627.65	1,271,281.29	3.67%
U.S. Fixed Income	15,123.90	1,070,536.17	1.41%
International Fixed Income	7,339.96	158,077.83	4.64%
Commodities	18,897.69	169,682.69	11.14%
Currency	369.54	3,557.17	10.39%
Leveraged	6,824.80	68,197.38	10.01%
Inverse	4,423.08	16,437.95	26.91%
Asset Allocation	-0.01	19,206.32	0.00%
Alternatives	263.27	7,297.38	3.61%
Total:	205,444.66	7,053,973.80	2.91%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
JO	iPath Series B Bloomberg Coffee Subindex Total Return ETN	4.66%	146,110	80.66
QTR	Global X NASDAQ 100 Tail Risk ETF	3.88%	2,063	4.38
TUR	iShares MSCI Turkey ETF	3.55%	1,366,724	268.58
JETS	U.S. Global Jets ETF	3.52%	26,405,971	3,475.65
FDHT	Fidelity Digital Health ETF	3.45%	17,168	12.54
FID	First Trust S&P International Dividend Aristocrats ETF	3.32%	112,110	54.73
DBO	Invesco DB Oil Fund	3.16%	7,233,826	510.10
XMPT	VanEck CEF Muni Income ETF	3.14%	589,761	195.37
BTEC	Principal Healthcare Innovators Index ETF	3.11%	10,189	71.42
TRYP	SonicShares Airlines, Hotels, Cruise Lines ETF	3.10%	172,562	12.86

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
JJN	iPath Series B Bloomberg Nickel Subindex Total Return ETN	58.14%	0.09%	64.43
GAZ	iPath Series B Bloomberg Natural Gas Subindex Total Return ETN	54.26%	2.98%	20.75
XES	SPDR S&P Oil & Gas Equipment & Services ETF	52.72%	1.23%	335.11
JJE	iPath Series B Bloomberg Energy Subindex Total Return ETN	52.03%	-0.02%	6.50
RJN	Elements Rogers International Commodity Index-Energy TR ETN	51.95%	-3.77%	16.02
IEZ	iShares U.S. Oil Equipment & Services ETF	51.64%	0.63%	283.68
PXE	Invesco Dynamic Energy Exploration & Production ETF	46.10%	0.14%	253.13
PXJ	Invesco Dynamic Oil & Gas Services ETF	45.60%	0.88%	66.55
PSCE	Invesco S&P SmallCap Energy ETF	44.94%	-0.30%	190.73
OIL	iPath Pure Beta Crude Oil ETN	44.46%	-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

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.

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ETFs Add $30B On Equity Surge

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