ETFs Register Weekly Outflows Despite Stock Rebound

June 27, 2022

A strong week for financial markets didn’t translate into weekly ETF inflows. On net, investors pulled $10.9 billion out of U.S.-listed exchange-traded funds during the week ending Friday, June 24. 

That brought year-to-date inflows down to $291.2 billion, compared with $467.9 billion at the same time a year ago. 

Most of the week’s outflows came from U.S. equity ETFs, which posted net redemptions of $12.6 billion. 

The S&P 500 jumped more than 6% last week as bargain hunters edged into the markets following intense selling during the first half of June.  

The top ETFs to shed assets were the SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard Mid-Cap ETF (VO), each with outflows of more than $1.7 billion. 

Meanwhile, commodities saw redemptions to the tune of $1.6 billion, led by the SPDR Gold Trust (GLD), which had outflows of $859 million during the week.  

Fixed Income Picks Up Assets 

On the positive side of the ledger, investors added $2.4 billion to U.S. fixed income ETFs and $1.5 billion to international equity ETFs. 

The iShares 7-10 Year Treasury Bond ETF (IEF) picked up $1.3 billion of new money. The yield on the 10-year Treasury bond hit a two-week low around 3% late last week (bond prices and yields tend to move inversely). 

The iShares Short Treasury Bond ETF (SHV) was also in vogue, with inflows of $941 million. 

The top asset gatherer of the week was the iShares Core S&P Total U.S. Stock Market ETF (ITOT), with inflows of $1.7 billion. 

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
ITOT iShares Core S&P Total U.S. Stock Market ETF 1,664.61 39,601.76 4.20%
IEF iShares 7-10 Year Treasury Bond ETF 1,254.83 19,045.17 6.59%
SHV iShares Short Treasury Bond ETF 940.79 21,581.95 4.36%
QQQ Invesco QQQ Trust 791.75 156,421.60 0.51%
IWS iShares Russell Mid-Cap Value ETF 762.62 13,155.23 5.80%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF 749.80 21,073.21 3.56%
SPYV SPDR Portfolio S&P 500 Value ETF 738.06 12,930.89 5.71%
VTEB Vanguard Tax-Exempt Bond ETF 721.18 17,429.70 4.14%
IWR iShares Russell Mid-Cap ETF 673.66 26,332.99 2.56%
XBI SPDR S&P Biotech ETF 573.63 7,168.99 8.00%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
SPY SPDR S&P 500 ETF Trust -2,094.45 344,778.41 -0.61%
IVV iShares Core S&P 500 ETF -1,805.31 279,834.43 -0.65%
VO Vanguard Mid-Cap ETF -1,788.34 46,570.74 -3.84%
BSV Vanguard Short-Term Bond ETF -1,650.38 38,273.08 -4.31%
VB Vanguard Small-Cap ETF -1,583.44 38,919.87 -4.07%
VTI Vanguard Total Stock Market ETF -1,363.65 245,190.03 -0.56%
IWM iShares Russell 2000 ETF -1,186.90 51,841.79 -2.29%
MOAT VanEck Morningstar Wide Moat ETF -1,105.46 6,295.33 -17.56%
VBR Vanguard Small-Cap Value ETF -974.22 21,659.00 -4.50%
GLD SPDR Gold Trust -858.51 62,817.37 -1.37%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity -12,562.31 3,614,544.70 -0.35%
International Equity 1,453.66 1,095,446.82 0.13%
U.S. Fixed Income 2,364.14 1,064,841.50 0.22%
International Fixed Income -586.23 137,553.87 -0.43%
Commodities -1,608.34 159,017.59 -1.01%
Currency 0.31 3,655.48 0.01%
Leveraged -174.16 43,411.99 -0.40%
Inverse 190.20 21,384.16 0.89%
Asset Allocation -52.70 17,143.02 -0.31%
Alternatives 80.83 7,653.21 1.06%
Total: -10,894.59 6,164,652.34 -0.18%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 125,819.27 3,614,544.70 3.48%
International Equity 59,080.33 1,095,446.82 5.39%
U.S. Fixed Income 58,493.38 1,064,841.50 5.49%
International Fixed Income 4,333.44 137,553.87 3.15%
Commodities 16,576.92 159,017.59 10.42%
Currency 1,209.49 3,655.48 33.09%
Leveraged 18,264.95 43,411.99 42.07%
Inverse 5,819.21 21,384.16 27.21%
Asset Allocation 767.27 17,143.02 4.48%
Alternatives 881.70 7,653.21 11.52%
Total: 291,245.95 6,164,652.34 4.72%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
ARKG ARK Genomic Revolution ETF 11.42% 7,914,387 2,550.06
GNOM Global X Genomics & Biotechnology ETF 9.00% 388,026 181.22
XBI SPDR S&P Biotech ETF 8.85% 47,555,840 7,168.99
IDNA iShares Genomics Immunology and Healthcare ETF 8.74% 116,576 188.02
ARKK ARK Innovation ETF 8.72% 92,777,122 9,029.24
SBIO ALPS Medical Breakthroughs ETF 8.04% 53,233 98.13
BTEC Principal Healthcare Innovators Index ETF 7.84% 7,947 56.55
MSGR Direxion mRNA ETF 7.79% 6,019 3.44
XDNA Kelly CRISPR & Gene Editing Technology ETF 7.75% 3,597 1.06
BBC Virtus LifeSci Biotech Clinical Trials ETF 7.45% 18,279 16.68

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
SOGU The Short De-SPAC ETF 88.76% -1.12% 21.45
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 74.14% -6.32% 23.16
UNL United States 12 Month Natural Gas Fund LP 72.26% -5.26% 42.40
UNG United States Natural Gas Fund LP 70.86% -8.02% 497.59
UGA United States Gasoline Fund LP 70.69% -1.54% 150.72
JJE iPath Series B Bloomberg Energy Subindex Total Return ETN 68.82% -4.25% 8.01
RJN Elements Rogers International Commodity Index-Energy TR ETN 64.77% -4.19% 15.31
DBE Invesco DB Energy Fund 57.90% -3.88% 293.04
PFIX Simplify Interest Rate Hedge ETF 57.75% -5.55% 313.80
BNO United States Brent Oil Fund LP 51.89% -5.05% 298.33

 

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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