ETFs Gained $28B Last Week

May 30, 2022

U.S.-listed ETFs gained $28 billion during the week ended Friday, May 27, with three funds tracking the S&P 500 Index leading the way. The SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) added $4.1 billion, $2.1 billion and $1.4 billion, respectively.  

Interestingly, another widely followed ETF led redemptions; the Invesco QQQ Trust (QQQ) lost $1.4 billion during the week, more than any other ETF. Last week, QQQ was in the No. 4 spot on the inflow table. 

That slot in the ranking was claimed this week by the iShares MSCI Emerging Markets Min Vol ETF (EEMV), with a $1.4 billion gain, continuing its streak from the prior week, in which it gained $1 billion. The Health Care Select Sector SPDR (XLV) added $946.1 million.  

Half the ETFs in the top 10 for creations were fixed income ETFs, with the iShares National Muni ETF (MUB) gaining $1.2 billion and landing in the No. 5 spot. The iShares 20+ Year Treasury Bond ETF (TLT) added $919.4 million, while corporate bond ETFs claimed the bottom three rungs.  

Interesting Mix 

Beyond QQQ, the list of redemptions was all over the place in terms of asset classes and strategy.  

The JPMorgan Realty Income ETF (JPRE), which just completed its conversion into an ETF from a mutual fund, lost $655.3 million during the week. It was followed by the iShares ESG Aware MSCI EM ETF (ESGE) and the iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT), which lost $515.2 million and $419 million, respectively.   

Two factor funds also landed on the top redemptions list for the week. The Invesco S&P 500 Low Volatility ETF (SPLV) lost $326.4 million, while the iShares MSCI USA Value Factor ETF (VLUE) lost $282 million. It could be that investors are more comfortable with risk and growth in the wake of the near miss on a bear market at the end of the week prior to last.  

Fixed income ETFs claimed three spots among the ETFs leading redemptions. The iShares Short Treasury Bond ETF (SHV) lost $411.2 million, and the iShares Core 1-5 Year USD Bond ETF (ISTB) saw outflows of $310.8 million. The Xtrackers Low Beta High Yield Bond ETF (HYDW) lost $282.6 million.  

Despite S&P 500 ETFs topping the outflows list, the Vanguard Total Stock Market ETF (VTI) was one of the biggest losers of the week, though the $288.1 million that drained from it during the week was barely a blip relative to its more than $261 billion in AUM.  

 

For a full list of this 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 4,046.57 370,427.82 1.09%
IVV iShares Core S&P 500 ETF 2,122.26 295,352.47 0.72%
VOO Vanguard S&P 500 ETF 1,449.16 255,602.18 0.57%
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1,354.26 5,835.35 23.21%
MUB iShares National Muni Bond ETF 1,219.86 28,928.44 4.22%
XLV Health Care Select Sector SPDR Fund 946.07 38,882.63 2.43%
TLT iShares 20+ Year Treasury Bond ETF 919.40 21,015.86 4.37%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 834.00 34,330.72 2.43%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 715.93 15,027.99 4.76%
JNK SPDR Bloomberg High Yield Bond ETF 714.06 7,276.89 9.81%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,359.88 162,486.86 -0.84%
JPRE JPMorgan Realty Income ETF -655.31 1,142.25 -57.37%
ESGE iShares ESG Aware MSCI EM ETF -515.20 4,742.67 -10.86%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF -419.02 2,903.01 -14.43%
SHV iShares Short Treasury Bond ETF -411.20 19,828.53 -2.07%
SPLV Invesco S&P 500 Low Volatility ETF -326.35 10,187.05 -3.20%
ISTB iShares Core 1-5 Year USD Bond ETF -310.81 5,657.26 -5.49%
VTI Vanguard Total Stock Market ETF -288.10 261,053.35 -0.11%
HYDW Xtrackers Low Beta High Yield Bond ETF -282.59 1,216.39 -23.23%
VLUE iShares MSCI USA Value Factor ETF -281.99 10,256.75 -2.75%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 16,190.73 3,867,744.50 0.42%
International Equity 2,385.41 1,183,133.08 0.20%
U.S. Fixed Income 8,597.30 1,089,532.98 0.79%
International Fixed Income 419.56 143,809.38 0.29%
Commodities -36.62 163,614.37 -0.02%
Currency -9.21 4,087.94 -0.23%
Leveraged 115.20 52,746.09 0.22%
Inverse 156.21 18,305.91 0.85%
Asset Allocation 58.89 18,106.72 0.33%
Alternatives 113.99 7,618.27 1.50%
Total: 27,991.46 6,548,699.24 0.43%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 97,827.73 3,867,744.50 2.53%
International Equity 57,203.37 1,183,133.08 4.83%
U.S. Fixed Income 54,711.14 1,089,532.98 5.02%
International Fixed Income 6,088.55 143,809.38 4.23%
Commodities 17,599.47 163,614.37 10.76%
Currency 1,385.59 4,087.94 33.89%
Leveraged 12,951.49 52,746.09 24.55%
Inverse 3,166.37 18,305.91 17.30%
Asset Allocation 812.37 18,106.72 4.49%
Alternatives 611.75 7,618.27 8.03%
Total: 252,357.83 6,548,699.24 3.85%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
KEUA KraneShares European Carbon Allowance Strategy ETF 9.94% 23,191 190.26
GRN iPath Series B Carbon ETN 9.83% 154,803 84.82
XRT SPDR S&P Retail ETF 8.30% 33,027,863 586.33
PSCE Invesco S&P SmallCap Energy ETF 7.25% 1,204,156 183.45
FCG First Trust Natural Gas ETF 6.67% 10,436,922 923.82
XMPT VanEck CEF Muni Income ETF 6.50% 629,667 159.34
BICK First Trust BICK Index Fund 6.27% 5,169 16.75
KRBN KraneShares Global Carbon Strategy ETF 6.25% 733,027 1,267.42
JHMC John Hancock Multifactor Consumer Discretionary ETF 6.24% 3,141 13.88
PXE Invesco Dynamic Energy Exploration & Production ETF 6.12% 734,869 315.28

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 142.41% 1.87% 32.69
UNG United States Natural Gas Fund LP 138.03% -1.13% 545.59
UNL United States 12 Month Natural Gas Fund LP 123.45% -0.57% 50.30
JJE iPath Series B Bloomberg Energy Subindex Total Return ETN 85.90% -1.59% 9.06
RJN Elements Rogers International Commodity Index-Energy TR ETN 79.17% 2.83% 13.54
UGA United States Gasoline Fund LP 72.19% 3.01% 155.25
PXE Invesco Dynamic Energy Exploration & Production ETF 68.87% 6.12% 315.28
FCG First Trust Natural Gas ETF 62.98% 6.67% 923.82
OIH VanEck Oil Services ETF 59.91% 5.40% 3,709.48
DBE Invesco DB Energy Fund 59.78% 3.72% 292.06

 

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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