ETFs Register Weekly Outflows Despite Stock Rebound

Jun 27, 2022

Reviewed by: Sumit Roy

Edited by: Sumit Roy

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he's worked for 12 years. Before joining the company, Roy was the managing editor and commodities analyst for Hard Assets Investor. He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing pickleball and snowboarding.

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