ETFs Add $30B On Equity Surge

April 04, 2022

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.

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